Learning Resources, Inc. v. Trump · ¶194

The surrounding statutory language confirms the point. As the principal opinion explains, “regulate” is one of 9 verbs listed in IEEPA's delegation provision. See ante, at 250. (The others are “investigate,” “block,” “direct,” “compel,” “nullify,” “void,” “prevent,” and “prohibit.” § 1702(a)(1)(B).) Those verbs are followed by 11 objects, each describing a distinct sort of transaction involving foreign property—not just “importation,” but also “acquisition,” “use,” “transfer,” and so forth. Ibid. Combine the verbs and objects in all possible ways, and the statute authorizes 99 actions a President can take to address a foreign threat. And exactly none of the other 98 involves raising revenues. Rather, each enables the President to impose penalties, restrictions, or controls on foreign commerce. See ante, at 250. So when the phrase “regulate . . . importation” is invoked to impose…

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