50 U.S.C. § 1707 — Multinational economic embargoes against governments in armed conflict with the United States
submitted 27 years ago by Pub. L. 106-65 to r/title-50-WAR-AND-NATIONAL-DEFENSE · 166 words · no verdicts yet
When United States forces engage in hostilities with a foreign country, United States policy is to seek a multinational economic embargo and seizure of that country’s foreign financial assets. If the conflict continues for 14 days, the President must report specified actions and supporting foreign trade or revenue sources.
(a) Policy. When United States Armed Forces engage in hostilities against a foreign country, the President must, as appropriate, (1) seek a multinational economic embargo against that country and (2) seek seizure of its foreign financial assets. (b) Report. No later than 20 days after the first day of such hostilities, if the armed conflict has lasted 14 days, the President must report to Congress (1) the specific steps taken and to be continued to establish the embargo and begin asset seizure and (2) foreign sources of trade or revenue that directly or indirectly support the adversarial government’s ability to sustain military conflict against the United States.
It is the policy of the United States, that upon the use of the Armed Forces of the United States to engage in hostilities against any foreign country, the President shall, as appropriate—
seek the establishment of a multinational economic embargo against such country; and
seek the seizure of its foreign financial assets.
Not later than 20 days after the first day of the engagement of the United States in hostilities described in subsection (a), the President shall, if the armed conflict has continued for 14 days, submit to Congress a report setting forth—
the specific steps the United States has taken and will continue to take to establish a multinational economic embargo and to initiate financial asset seizure pursuant to subsection (a); and
any foreign sources of trade or revenue that directly or indirectly support the ability of the adversarial government to sustain a military conflict against the United States.
Source credit: (Pub. L. 106–65, div. A, title XII, § 1231, Oct. 5, 1999, 113 Stat. 788.)
- 1999Enacted · Pub. L. 106-65 · 113 Stat. 788
A history note hasn’t been published yet. The record shows enactment by Pub. L. 106-65 on 1999-10-05.
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