Learning Resources, Inc. v. Trump · ¶202
When Congress enacted IEEPA in 1977, limiting the circumstances under which the President could exercise his emergency authorities, it kept the “regulate . . . importation” language from TWEA. § 203(a)(1)(B), 91 Stat. 1626. The other two relevant pieces of legislative history—the Senate and House Reports that accompanied IEEPA—demonstrate that Congress's intent regarding the scope of this statutory language remained the same. As the Senate Report explained, Congress's sole objective for the “regulate . . . importation” subsection was to grant the President the emergency authority “to control or freeze property transactions where a foreign interest is involved.” S. Rep. No. 95– 466, p. 5 (1977). The House Report likewise described IEEPA as empowering the President to “regulate or freeze any property in which any foreign country or a national thereof has any interest.” H. R. Rep. No.…Read in context ›
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