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22 U.S.C. § 8513b — Imposition of sanctions with respect to the financial sector of Iran
Federal law — U.S. Code and appendices · legal_authorities
**(a) Findings** Congress makes the following findings:
(1) On November 21, 2011, the Secretary of the Treasury issued a finding under [section 5318A of title 31](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title31-section5318A&num=0&edition=prelim) that identified Iran as a jurisdiction of primary money laundering concern.
(2) In that finding, the Financial Crimes Enforcement Network of the Department of the Treasury wrote, “The Central Bank of Iran, which regulates Iranian banks, has assisted designated Iranian banks by transferring billions of dollars to these banks in 2011. In mid-2011, the CBI transferred several billion dollars to designated banks, including Saderat, Mellat, EDBI and Melli, through a variety of payment schemes. In making these transfers, the CBI attempted to evade sanctions by minimizing the direct involvement of large international banks with both CBI and designated Iranian banks.”.
(3) On November 22, 2011, the Under Secretary of the Treasury for Terrorism and Financial Intelligence, David Cohen, wrote, “Treasury is calling out the entire Iranian banking sector, including the Central Bank of Iran, as posing terrorist financing, proliferation financing, and money laundering risks for the global financial system.”.
**(b) Designation of financial sector of Iran as of primary money laundering concern** The financial sector of Iran, including the Central Bank of Iran, is designated as a primary money laundering concern for purposes of [section 5318A of title 31](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title31-section5318A&num=0&edition=prelim) because of the threat to government and financial institutions resulting from the illicit activities of the Government of Iran, including its pursuit of nuclear weapons
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Source location: Title 22, Chapter 92, § 8513b; chapter-092-comprehensive-iran-sanctions-accountability-and-divestment.md
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**(a) Findings** Congress makes the following findings:
(1) On November 21, 2011, the Secretary of the Treasury issued a finding under [section 5318A of title 31](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title31-section5318A&num=0&edition=prelim) that identified Iran as a jurisdiction of primary money laundering concern.
(2) In that finding, the Financial Crimes Enforcement Network of the Department of the Treasury wrote, “The Central Bank of Iran, which regulates Iranian banks, has assisted designated Iranian banks by transferring billions of dollars to these banks in 2011. In mid-2011, the CBI transferred several billion dollars to designated banks, including Saderat, Mellat, EDBI and Melli, through a variety of payment schemes. In making these transfers, the CBI attempted to evade sanctions by minimizing the direct involvement of large international banks with both CBI and designated Iranian banks.”.
(3) On November 22, 2011, the Under Secretary of the Treasury for Terrorism and Financial Intelligence, David Cohen, wrote, “Treasury is calling out the entire Iranian banking sector, including the Central Bank of Iran, as posing terrorist financing, proliferation financing, and money laundering risks for the global financial system.”.
**(b) Designation of financial sector of Iran as of primary money laundering concern** The financial sector of Iran, including the Central Bank of Iran, is designated as a primary money laundering concern for purposes of [section 5318A of title 31](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title31-section5318A&num=0&edition=prelim) because of the threat to government and financial institutions resulting from the illicit activities of the Government of Iran, including its pursuit of nuclear weapons, support for international terrorism, and efforts to deceive responsible financial institutions and evade sanctions.
**(c) Freezing of assets of Iranian financial institutions** The President shall, pursuant to the International Emergency Economic Powers Act ([50 U.S.C. 1701](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section1701&num=0&edition=prelim) et seq.), block and prohibit all transactions in all property and interests in property of an Iranian financial institution if such property and interests in property are in the United States, come within the United States, or are or come within the possession or control of a United States person.
**(d) Imposition of sanctions with respect to the Central Bank of Iran and other Iranian financial institutions**
(1) **In general** — Except as specifically provided in this subsection, beginning on the date that is 60 days after December 31, 2011, the President—
(A) shall prohibit the opening, and prohibit or impose strict conditions on the maintaining, in the United States of a correspondent account or a payable-through account by a foreign financial institution that the President determines has knowingly conducted or facilitated any significant financial transaction with the Central Bank of Iran or another Iranian financial institution designated by the Secretary of the Treasury for the imposition of sanctions pursuant to the International Emergency Economic Powers Act ([50 U.S.C. 1701](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section1701&num=0&edition=prelim) et seq.); and
(B) may impose sanctions pursuant to the International Emergency Economic Powers Act ([50 U.S.C. 1701](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section1701&num=0&edition=prelim) et seq.) with respect to the Central Bank of Iran.
(2) **Exception for sales of agricultural commodities, food, medicine, and medical devices** — The President may not impose sanctions under paragraph (1) with respect to any person for conducting or facilitating a transaction for the sale of agricultural commodities, food, medicine, or medical devices to Iran.
(3) **Applicability of sanctions with respect to foreign central banks** — Except as provided in paragraph (4), sanctions imposed under paragraph (1)(A) shall apply with respect to a central bank of a foreign country, only insofar as it engages in a financial transaction for the sale or purchase of petroleum or petroleum products to or from Iran conducted or facilitated on or after that date that is 180 days after December 31, 2011.
(4) **Applicability of sanctions with respect to petroleum transactions**
(A) *Report required* — Not later than October 25, 2012, and the last Thursday of every other month thereafter, the Administrator of the Energy Information Administration, in consultation with the Secretary of the Treasury, the Secretary of State, and the Director of National Intelligence, shall submit to Congress a report on the availability and price of petroleum and petroleum products produced in countries other than Iran in the 2-month period preceding the submission of the report.
(B) *Determination required* — Not later than 90 days after December 31, 2011, and every 180 days thereafter, the President shall make a determination, based on the reports required by subparagraph (A), of whether the price and supply of petroleum and petroleum products produced in countries other than Iran is sufficient to permit purchasers of petroleum and petroleum products from Iran to reduce significantly in volume their purchases from Iran.
(C) *Application of sanctions* — Except as provided in subparagraph (D), sanctions imposed under paragraph (1)(A) shall apply with respect to a financial transaction conducted or facilitated by a foreign financial institution on or after the date that is 180 days after December 31, 2011, for the purchase of petroleum or petroleum products from Iran if the President determines pursuant to subparagraph (B) that there is a sufficient supply of petroleum and petroleum products from countries other than Iran to permit a significant reduction in the volume of petroleum and petroleum products purchased from Iran by or through foreign financial institutions.
(D) *Exception*
(i) *In general* — Sanctions imposed pursuant to paragraph (1) shall not apply with respect to a financial transaction described in clause (ii) conducted or facilitated by a foreign financial institution if the President determines and reports to Congress, not later than 90 days after the date on which the President makes the determination required by subparagraph (B), and every 180 days thereafter, that the country with primary jurisdiction over the foreign financial institution—
(I) has significantly reduced reduced 11 So in original. its volume of crude oil purchases from Iran during the period beginning on the date on which the President submitted the last report with respect to the country under this subparagraph; or
(II) in the case of a country that has previously received an exception under this subparagraph, has, after receiving the exception, reduced its crude oil purchases from Iran to zero.
(ii) *Financial transactions described* — A financial transaction conducted or facilitated by a foreign financial institution is described in this clause if—
(I) the financial transaction is only for trade in goods or services between the country with primary jurisdiction over the foreign financial institution and Iran; and
(II) any funds owed to Iran as a result of such trade are credited to an account located in the country with primary jurisdiction over the foreign financial institution.
(5) **Applicability of sanctions with respect to Chinese financial institutions**
(A) *In general* — For the purpose of paragraph (1)(A), a “significant financial transaction” shall include, based on relevant facts and circumstances, any transaction—
(i) by a Chinese financial institution (without regard to the size, number, frequency, or nature of the transaction) involving the purchase of petroleum or petroleum products from Iran; and
(ii) by a foreign financial institution (without regard to the size, number, frequency, or nature of the transaction) involving the purchase of Iranian unmanned aerial vehicles (UAVs), UAV parts, or related systems.
(B) *Determination required* — Not later than 180 days after April 24, 2024, and every year thereafter for 5 years, the President shall—
(i) determine whether any—
(I) Chinese financial institution has engaged in a significant financial transaction as described in paragraph (1)(A)(i); and
(II) financial institution has engaged in a significant financial transaction as described in paragraph (1)(A)(ii); and
(ii) transmit the determination under clause (i) to the Committee on Foreign Affairs and the Committee on Financial Services of the House of Representatives and to the Committee on Foreign Relations and the Committee on Banking, Housing, and Urban Affairs of the Senate.
(6) **Waiver** — The President may waive the imposition of sanctions under paragraph (1) for a period of not more than 120 days, and may renew that waiver for additional periods of not more than 120 days, if the President—
(A) determines that such a waiver is in the national security interest of the United States; and
(B) submits to Congress a report—
(i) providing a justification for the waiver;
(ii) certifying that the country with primary jurisdiction over the foreign financial institution otherwise subject to the sanctions faced exceptional circumstances that prevented the country from being able to reduce significantly its purchases of petroleum and petroleum products from Iran; and
(iii) that includes any concrete cooperation the President has received or expects to receive as a result of the waiver.
**(e) Multilateral diplomacy initiative**
(1) **In general** — The President shall—
(A) carry out an initiative of multilateral diplomacy to persuade countries purchasing oil from Iran—
(i) to limit the use by Iran of revenue from purchases of oil to purchases of non-luxury consumers goods from the country purchasing the oil; and
(ii) to prohibit purchases by Iran of—
(I) military or dual-use technology, including items—
(aa) in the Annex to the Missile Technology Control Regime Guidelines;
(bb) in the Annex on Chemicals to the Convention on the Prohibition of the Development, Production, Stockpiling and Use of Chemical Weapons and on their Destruction, done at Paris January 13, 1993, and entered into force April 29, 1997 (commonly known as the “Chemical Weapons Convention”);
(cc) in Part 1 or 2 of the Nuclear Suppliers Group Guidelines; or
(dd) on a control list of the Wassenaar Arrangement on Export Controls for Conventional Arms and Dual-Use Goods and Technologies; or
(II) any other item that could contribute to Iran’s conventional, nuclear, chemical, or biological weapons program; and
(B) conduct outreach to petroleum-producing countries to encourage those countries to increase their output of crude oil to ensure there is a sufficient supply of crude oil from countries other than Iran and to minimize any impact on the price of oil resulting from the imposition of sanctions under this section.
(2) **Report required** — Not later than 180 days after December 31, 2011, and every 180 days thereafter, the President shall submit to Congress a report on the efforts of the President to carry out the initiative described in paragraph (1)(A) and conduct the outreach described in paragraph (1)(B) and the results of those efforts.
**(f) Form of reports** Each report submitted under this section shall be submitted in unclassified form, but may contain a classified annex.
**(g) Implementation; penalties**
(1) **Implementation** — The President may exercise all authorities provided under sections 203 and 205 of the International Emergency Economic Powers Act ([50 U.S.C. 1702](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section1702&num=0&edition=prelim) and 1704) to carry out this section.
(2) **Penalties** — The penalties provided for in subsections (b) and (c) of section 206 of the International Emergency Economic Powers Act ([50 U.S.C. 1705](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section1705&num=0&edition=prelim)) shall apply to a person that violates, attempts to violate, conspires to violate, or causes a violation of this section or regulations prescribed under this section to the same extent that such penalties apply to a person that commits an unlawful act described in section 206(a) of that Act.
**(h) Definitions** In this section:
(1) **Account; correspondent account; payable-through account** — The terms “account”, “correspondent account”, and “payable-through account” have the meanings given those terms in [section 5318A of title 31](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title31-section5318A&num=0&edition=prelim).
(2) **Foreign financial institution** — The term “foreign financial institution” has the meaning of that term as determined by the Secretary of the Treasury pursuant to [section 8513(i) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section8513/i&num=0&edition=prelim).
(3) **Significant reductions** — The terms “reduce significantly”, “significant reduction”, and “significantly reduced”, with respect to purchases from Iran of petroleum and petroleum products, include a reduction in such purchases in terms of price or volume toward a complete cessation of such purchases.
(4) **United States person** — The term “United States person” means—
(A) a natural person who is a citizen or resident of the United States or a national of the United States (as defined in [section 1101(a) of title 8](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title8-section1101/a&num=0&edition=prelim)); and
(B) an entity that is organized under the laws of the United States or a jurisdiction within the United States.
**(i) Termination** The provisions of this section shall terminate on the date that is 30 days after the date on which the President submits to Congress the certification described in [section 8551(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section8551/a&num=0&edition=prelim).
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** Any authority granted to the President by [section 1702 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section1702&num=0&edition=prelim) may be exercised to deal with any unusual and extraordinary threat, which has its source in whole or substantial part outside the United States, to the national security, foreign policy, or economy of the United States, if the President declares a national emergency with respect to such threat.
**(b)** The authorities granted to the President by [section 1702 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section1702&num=0&edition=prelim) may only be exercised to deal with an unusual and extraordinary threat with respect to which a national emergency has been declared for purposes of this chapter and may not be exercised for any other purpose. Any exercise of such authorities to deal with any new threat shall be based on a new declaration of national emergency which must be with respect to such threat.
Source: Supplied U.S. Code snapshot — release unconfirmed · 50 U.S.C. § 1701
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Federal law — U.S. Code and appendices · legal_authorities
**(a) In general**
(1) At the times and to the extent specified in [section 1701 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section1701&num=0&edition=prelim), the President may, under such regulations as he may prescribe, by means of instructions, licenses, or otherwise—
(A) investigate, regulate, or prohibit—
(i) any transactions in foreign exchange,
(ii) transfers of credit or payments between, by, through, or to any banking institution, to the extent that such transfers or payments involve any interest of any foreign country or a national thereof,
(iii) the importing or exporting of currency or securities,
by any person, or with respect to any property, subject to the jurisdiction of the United States;
(B) investigate, block during the pendency of an investigation, regulate, direct and compel, nullify, void, prevent or prohibit, any acquisition, holding, withholding, use, transfer, withdrawal, transportation, importation or exportation of, or dealing in, or exercising any right, power, or privilege with respect to, or transactions involving, any property in which any foreign country or a national thereof has any interest by any person, or with respect to any property, subject to the jurisdiction of the United States; and.11 So in original. The period probably should not appear.
(C) when the United States is engaged in armed hostilities or has been attacked by a foreign country or foreign nationals, confiscate any property, subject to the jurisdiction of the United States, of any foreign person, foreign organization, or foreign country that he determines has planned, authorized, aided, or engaged in such hostilities or attacks against the United States; and all right, title, and interest in any prop
Source: Supplied U.S. Code snapshot — release unconfirmed · 50 U.S.C. § 1702
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Federal law — U.S. Code and appendices · legal_authorities
**(a) International Counter-Money Laundering Requirements.—**
(1) **In general.—** — The Secretary of the Treasury may require domestic financial institutions and domestic financial agencies to take 1 or more of the special measures described in subsection (b) if the Secretary finds that reasonable grounds exist for concluding that a jurisdiction outside of the United States, 1 or more financial institutions operating outside of the United States, 1 or more classes of transactions within, or involving, a jurisdiction outside of the United States, or 1 or more types of accounts is of primary money laundering concern, in accordance with subsection (c).
(2) **Form of requirement.—** — The special measures described in—
(A) subsection (b) may be imposed in such sequence or combination as the Secretary shall determine;
(B) paragraphs (1) through (4) of subsection (b) may be imposed by regulation, order, or otherwise as permitted by law; and
(C) subsection (b)(5) may be imposed only by regulation.
(3) **Duration of orders; rulemaking.—** — Any order by which a special measure described in paragraphs (1) through (4) of subsection (b) is imposed (other than an order described in section 5326)—
(A) shall be issued together with a notice of proposed rulemaking relating to the imposition of such special measure; and
(B) may not remain in effect for more than 120 days, except pursuant to a rule promulgated on or before the end of the 120-day period beginning on the date of issuance of such order.
(4) **Process for selecting special measures.—** — In selecting which special measure or measures to take under this subsection, the Secretary of the Treasury—
(A) shall consult with the Chairman of the Board of Governors of the Federal Reserve System, any other appro
Source: Supplied U.S. Code snapshot — release unconfirmed · 31 U.S.C. § 5318A
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Federal law — U.S. Code and appendices · legal_authorities
The President of the United States is authorized to designate and empower the head of any department or agency in the executive branch, or any official thereof who is required to be appointed by and with the advice and consent of the Senate, to perform without approval, ratification, or other action by the President (1) any function which is vested in the President by law, or (2) any function which such officer is required or authorized by law to perform only with or subject to the approval, ratification, or other action of the President: Provided, That nothing contained herein shall relieve the President of his responsibility in office for the acts of any such head or other official designated by him to perform such functions. Such designation and authorization shall be in writing, shall be published in the Federal Register, shall be subject to such terms, conditions, and limitations as the President may deem advisable, and shall be revocable at any time by the President in whole or in part.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Unlawful acts** It shall be unlawful for a person to violate, attempt to violate, conspire to violate, or cause a violation of any license, order, regulation, or prohibition issued under this chapter.
**(b) Civil penalty** A civil penalty may be imposed on any person who commits an unlawful act described in subsection (a) in an amount not to exceed the greater of—
(1) $250,000; or
(2) an amount that is twice the amount of the transaction that is the basis of the violation with respect to which the penalty is imposed.
**(c) Criminal penalty** A person who willfully commits, willfully attempts to commit, or willfully conspires to commit, or aids or abets in the commission of, an unlawful act described in subsection (a) shall, upon conviction, be fined not more than $1,000,000, or if a natural person, may be imprisoned for not more than 20 years, or both.
**(d) Statute of limitations**
(1) **Time for commencing proceedings**
(A) *In general* — An action, suit, or proceeding for the enforcement of any civil fine, penalty, or forfeiture, pecuniary or otherwise, under this section shall not be entertained unless commenced within 10 years after the latest date of the violation upon which the civil fine, penalty, or forfeiture is based.
(B) *Commencement* — For purposes of this paragraph, the commencement of an action, suit, or proceeding includes the issuance of a pre-penalty notice or finding of violation.
(2) **Time for indictment** — No person shall be prosecuted, tried, or punished for any offense under subsection (c) unless the indictment is found or the information is instituted within 10 years after the latest date of the violation upon which the indictment or information is based.
Source: Supplied U.S. Code snapshot — release unconfirmed · 50 U.S.C. § 1705
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Findings** Congress makes the following findings:
(1) The Financial Action Task Force is an intergovernmental body whose purpose is to develop and promote national and international policies to combat money laundering and terrorist financing.
(2) Thirty-three countries, plus the European Commission and the Cooperation Council for the Arab States of the Gulf, belong to the Financial Action Task Force. The member countries of the Financial Action Task Force include the United States, Canada, most countries in western Europe, Russia, the People’s Republic of China, Japan, South Korea, Argentina, and Brazil.
(3) In 2008 the Financial Action Task Force extended its mandate to include addressing “new and emerging threats such as proliferation financing”, meaning the financing of the proliferation of weapons of mass destruction, and published “guidance papers” for members to assist them in implementing various United Nations Security Council resolutions dealing with weapons of mass destruction, including United Nations Security Council Resolutions 1737 (2006) and 1803 (2008), which deal specifically with proliferation by Iran.
(4) The Financial Action Task Force has repeatedly called on members—
(A) to advise financial institutions in their jurisdictions to give special attention to business relationships and transactions with Iran, including Iranian companies and financial institutions;
(B) to apply effective countermeasures to protect their financial sectors from risks relating to money laundering and financing of terrorism that emanate from Iran;
(C) to protect against correspondent relationships being used by Iran and Iranian companies and financial institutions to bypass or evade countermeasures and risk-mitigation practices; and
(D) to take into acc
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 8513a
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Implementation** The President may exercise all authorities provided under sections 1702 and 1704 of title 50 to carry out—
(1) sections 8721, 8722, 8723, 8724, 8725, 8726 of this title, 312,11 See References in Text note below. and 8751 of this title, subchapter III, and subchapter VII;
(2) [section 8513b of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section8513b&num=0&edition=prelim), as added by section 312; 1 and
(3) sections 8514a and 8514b of this title, as added by subtitle A of title IV.
**(b) Penalties**
(1) **In general** — The penalties provided for in subsections (b) and (c) of [section 1705 of title 50](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section1705&num=0&edition=prelim) shall apply to a person that violates, attempts to violate, conspires to violate, or causes a violation of a provision specified in paragraph (2) of this subsection, or an order or regulation prescribed under such a provision, to the same extent that such penalties apply to a person that commits an unlawful act described in [section 1705(a) of title 50](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section1705/a&num=0&edition=prelim).
(2) **Provisions specified** — The provisions specified in this paragraph are the following:
(A) Sections 8721, 8722, 8723, and 8726 of this title, subchapter III, and subchapter VII.
(B) Sections 8514a and 8514b of this title, as added by subtitle A of title IV.
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 8782
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Federal law — U.S. Code and appendices · legal_authorities
Page 2084
TITLE 22—FOREIGN RELATIONS AND INTERCOURSE
§ 8513b
tion] shall apply with respect to financial transactions
conducted or facilitated on or after the date that is 180
days after the date of the enactment of this Act [Aug.
10, 2012].’’
Executive Documents
DELEGATION OF FUNCTIONS
Ex. Ord. No. 13599, Feb. 5, 2012, 77 F.R. 6659, which is
listed in a table under section 1701 of Title 50, War and
National Defense, provided in section 10 that the Sec-
retary of the Treasury, in consultation with the Sec-
retary of State, is authorized to exercise the functions
and authorities conferred upon the President by sub-
secs. (d)(1)(A) and (g)(1) of this section and to redele-
gate such functions and authorities consistent with ap-
plicable law; and provided in section 11 that the Sec-
retary of State, in consultation with the Secretary of
the Treasury, the Secretary of Energy, and the Direc-
tor of National Intelligence, is authorized to exercise
the functions and authorities conferred upon the Presi-
dent by subsec. (d)(4)(D) of this section and that the
Secretary of State, in consultation with the Secretary
of the Treasury, is authorized to exercise the functions
and authorities conferred upon the President by sub-
secs. (e)(1), (2) and (g)(1) of this section and to redele-
gate all such functions and authorities consistent with
applicable law.
Memorandum of President of the United States, Jan.
20, 2014, 79 F.R.6453, provided:
Memorandum for the Secretary of State
By the authority vested in me as President by the
Constitution and the laws of the United States of
America, including section 301 of title 3 of the United
States Code, I hereby delegate to the Secretary of
State, in consultation with the Secretary of the Treas-
ury, the authority conferred
Source: Supplied 2024 U.S. Code historical extraction · 22 U.S.C. § 8513b
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.
Federal law — U.S. Code and appendices · legal_authorities
Page 151
TITLE 50—WAR AND NATIONAL DEFENSE
§ 1701
CHAPTER 35—INTERNATIONAL EMERGENCY
ECONOMIC POWERS
Sec.
1701.
Unusual and extraordinary threat; declara-
tion of national emergency; exercise of
Presidential authorities.
1702.
Presidential authorities.
1703.
Consultation and reports.
1704.
Authority to issue regulations.
1705.
Penalties.
1706.
Savings provisions.
1707.
Multinational economic embargoes against
governments in armed conflict with the
United States.
1708.
Actions to address economic or industrial es-
pionage in cyberspace.
1709.
Imposition of sanctions with respect to theft
of trade secrets of United States persons.
1710.
Confronting asymmetric and malicious cyber
activities.
§ 1701. Unusual and extraordinary threat; dec-
laration of national emergency; exercise of
Presidential authorities
(a) Any authority granted to the President by
section 1702 of this title may be exercised to deal
with any unusual and extraordinary threat,
which has its source in whole or substantial part
outside the United States, to the national secu-
rity, foreign policy, or economy of the United
States, if the President declares a national
emergency with respect to such threat.
(b) The authorities granted to the President
by section 1702 of this title may only be exer-
cised to deal with an unusual and extraordinary
threat with respect to which a national emer-
gency has been declared for purposes of this
chapter and may not be exercised for any other
purpose. Any exercise of such authorities to deal
with any new threat shall be based on a new dec-
laration of national emergency which must be
with respect to such threat.
(Pub. L. 95–223, title II, § 202, Dec. 28, 1977, 91
Stat. 1626.)
Statutory Notes and Related Subsidiaries
SHORT TITLE
Source: Supplied 2024 U.S. Code historical extraction · 50 U.S.C. § 1701
Stored review status: historical_2024_not_currentness_verified. The source passage cites 50 U.S.C. § 1701. This identifies an authority to review, not proof of applicability.
Federal law — U.S. Code and appendices · legal_authorities
Page 224
TITLE 50—WAR AND NATIONAL DEFENSE
§ 1702
1 So in original. The period probably should not appear.
Notice of President of the United States, dated
June 24, 2008, 73 F.R. 36255.
Notice of President of the United States, dated
June 22, 2007, 72 F.R. 34981.
Notice of President of the United States, dated
June 22, 2006, 71 F.R. 36183.
Notice of President of the United States, dated
June 23, 2005, 70 F.R. 36803.
Notice of President of the United States, dated
June 24, 2004, 69 F.R. 36005.
Notice of President of the United States, dated
June 20, 2003, 68 F.R. 37389.
Notice of President of the United States, dated
June 21, 2002, 67 F.R. 42703.
Ex. Ord. No. 13304, May 28, 2003, 68 F.R. 32315.
Ex. Ord. No. 14033, June 8, 2021, 86 F.R. 31079.
YEMEN
Ex. Ord. No. 13611, May 16, 2012, 77 F.R. 29533.
Continuations of national emergency declared by
Ex. Ord. No. 13611 were contained in the following:
Notice of President of the United States, dated May
14, 2024, 89 F.R. 42765.
Notice of President of the United States, dated May
11, 2023, 88 F.R. 31141.
Notice of President of the United States, dated May
9, 2022, 87 F.R. 29023.
Notice of President of the United States, dated May
11, 2021, 86 F.R. 26341.
Notice of President of the United States, dated May
7, 2020, 85 F.R. 27643.
Notice of President of the United States, dated May
13, 2019, 84 F.R. 22047.
Notice of President of the United States, dated May
14, 2018, 83 F.R. 22585.
Notice of President of the United States, dated May
8, 2017, 82 F.R. 21905.
Notice of President of the United States, dated May
12, 2016, 81 F.R. 30155.
Notice of President of the United States, dated May
13, 2015, 80 F.R. 27851.
Notice of President of the United States, dated May
12, 2014, 79 F.R. 27477.
Notice of
Source: Supplied 2024 U.S. Code historical extraction · 50 U.S.C. § 1702
Stored review status: historical_2024_not_currentness_verified. The source passage cites 50 U.S.C. § 1702. This identifies an authority to review, not proof of applicability.