Sanctions-related Statute - IEEPA - 50 USC Sec. 1702 - IEEPA Presidential Authorities, 50 USC Sec. 1705

Ed. Note: if you’re new to TURBOFAC, please take note that the text string filtration function generally shouldn’t be used for terms such as “ordinarily resident,” “causing” or “new debt”. For research on the meaning of words and phrases such as those, i.e. terms central to the key legal issues in sanctions law that appear on a cross-programmatic basis, you’re typically better off locating and checking the appropriate box in the “Key Legal Issues” search category, which will limit the results to those that have been manually assessed as being relevant for the interpretation of the terms at issue.

Try typing your search term (“ordinarily resident,” “new debt,” or something else) in the “Find a Search Filter” box at the top of the page, and the corresponding “Key Legal Issues” check box will pop up instantly, if one exists. Once you check the box (e.g. “new debt,” with ~55 results), you can always use the text string filtration function to further refine your search (e.g. by typing “invoice” and narrowing the ~55 results to ~10).

Note in addition that the same applies to text string searches such as “14071” (if you’re looking for items related to EO 14071). By typing “14071” in the “Find a Search Filter” field up top, you will be able to instantly narrow the results down to items manually assessed as relating to EO 14071. Ditto terms such as “515.204” or “Iran General License G” (try the “Discrete Legal Provision” search category). Please contact [email protected] or [email protected] with any questions on search results and efficiency.

Please click "Apply Text String Filters" again after clicking the "Close" button immediately below.

TURBOFAC Commentary (1937 words)

Notes:

1) BACKGROUND

In conjunction with the National Emergencies Act, , and especially Sec. 1702, provides the primary statutory authority for the vast majority of all OFAC-administered sanctions programs. Other sanctions statutes, such as the Global Magnitsky Human Rights Accountability Act, call for asset blocking in a way that cross-references the powers granted to the President pursuant to IEEPA, such that the interpretation of this statute effectively controls the scope and operation of sanctions imposed pursuant to other programs as well.

In at least an indirect sense, virtually every sanctions related judicial opinion, regulation, enforcement action and interpretive guidance letter is an interpretation of IEEPA, insofar as this statute sets the boundaries of what OFAC may and may not do, and all of OFAC's decisions are implied statements that such actions are within the...

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IEEPA - 50 USC Sec. 1702 - IEEPA Presidential Authorities, 50 USC Sec. 1705 - IEEPA Penalties, as amended

TURBOFAC Commentary (1937 words)