Sec. 101. removal of national emergency powers under the trading with the enemy act

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## Sec. 101 removal of national emergency powers under the trading with the enemy act ###

(a)* * * ### (b)1 Notwithstanding the amendment made by subsection (a), the authorities conferred upon the President by section 5(b) of the Trading With the Enemy Act, which were being exercised with respect to a country on July 1, 1977, as a result of a national emergency declared by the President before such date, may continue to be exercised with respect to such country, except that, unless extended, the exercise of such authorities shall terminate (subject to the savings provisions of the second sentence of section 101(a) of the National Emergencies Act) at the end of the two-year period beginning on the date of enactment of the National Emergencies Act. The President may extend the exercise of such authorities for one-year periods upon a determination of each such extension that the exercise of such authorities with respect to such country for another year is in the national interest of the United States.2 150 U.S.C. 4305 note. 2Each year since 1977, the President has utilized authority granted his office pursuant to the National Emergencies Act to extend certain authorities being exercised prior to July 1, 1977, under sec. 5(b) of the Trading with the Enemy Act. The most recent action, Presidential Determination No. 2000–29 of September 12, 2000 extends until September 14, 2001, the exercise of those authorities with respect to countries affected by the Foreign Assets Control Regulations (31 CFR Part 500), the Transaction Control Regulations (31 CFR Part 505), and the Cuban Assets Control Regulations (31 CFR Part 515). Previous extensions have been issued as a memorandum of September 8, 1978 (43 F.R. 40449); memorandum of September 12, 1979 (44 F.R. 553153); memorandum of September 8, 1980 (45 F.R. 59549); memorandum of September 10, 1981 (46 F.R. 45321); memorandum of September 8, 1982 (47 F.R. 39797); memorandum of September 7, 1983 (48 F.R. 40695); memorandum of September 11, 1984 (49 F.R. 35927); memorandum of September 5, 1985 (5 F.R. 36563); memorandum of August 20, 1986 (51 F.R. 30201); memorandum of August 27, 1987 (52 F.R. 33397); Presidential Determination No. 88–22 of September 8, 1988 (53 F.R. 35289); Presidential Determination No. 89–25 of August 28, 1989 (54 F.R. 37089); Presidential Determination No. 90–38 of September 5, 1990 (55 F.R. 37309); Presidential Determination No. 91–52 of September 13, 1991 (56 F.R. 48415); Presidential Determination No. 92–45 of August 28, 1992 (57 F.R. 43125); Presidential Determination No. 93–38 of September 13, 1993 (58 F.R. 51209); Presidential Determination No. 94–46 of September 8, 1994 (59 F.R. 47229); Presidential Determination No. 95–41 of September 8, 1995 (60 F.R. 47659); Presidential Determination No. 96–43 of August 27, 1996 (61 F.R. 46529); Presidential Determination 97–32 of September 12, 1997 (62 F.R. 48729); Presidential Determination No. 98–35 of September 11, 1998 (63 F.R. 50455; Presidential Determination No. 99–36 of September 10, 1999 (64 F.R. 51885). ### (c)1 The termination and extension provisions of subsection

(b)of this section supersede the provisions of section 101(a) and of title II of the National Emergencies Act to the extent that the provisions of subsection

(b)of this section are inconsistent with those provisions. ###

(d)Paragraph

(1)of section 502(a) of the National Emergencies Act is repealed.

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150 USC 4305
31 CFR 500
31 CFR 505
31 CFR 515

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Sec. 101

removal of national emergency powers under the trading with the enemy act

Cite150 USC 4305

Cite31 CFR 500

Cite31 CFR 505

Cite31 CFR 515

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