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Presidential Emergency Powers Related To International Economic Transactions, Mary M.C. Bowman
Presidential Emergency Powers Related To International Economic Transactions, Mary M.C. Bowman
Vanderbilt Journal of Transnational Law
On December 28, 1977, President Carter signed into law Public Law 95-223, an act "[w]ith respect to the powers of the President in time of war or national emergency." The primary purpose of the Act is to revise the Trading With the Enemy Act of 1917 (TWEA), and thus to restrict presidential authority to respond to emergencies related to international economic transactions. The Act is the latest product of a continuing congressional effort to readjust the balance of power between the two branches of government. The War Powers Resolution and the National Emergencies Act were earlier pieces of legislation intended …