Trading with the Enemy Act
E141877
The Trading with the Enemy Act is a U.S. federal law enacted in 1917 that grants the President broad authority to regulate and restrict trade and financial transactions with foreign nations and individuals during times of war or national emergency.
All labels observed (4)
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal statute
ⓘ
emergency economic powers law ⓘ |
| administeredBy |
Office of Foreign Assets Control
ⓘ
United States Department of the Treasury ⓘ
surface form:
U.S. Department of the Treasury
|
| amendedBy |
Emergency Banking Act
ⓘ
surface form:
Emergency Banking Act of 1933
various subsequent wartime and emergency statutes ⓘ |
| appliesDuring |
national emergency
ⓘ
time of war ⓘ |
| authorizes |
blocking of enemy property
ⓘ
licensing of otherwise prohibited transactions ⓘ seizure of enemy-owned assets under U.S. jurisdiction ⓘ |
| codifiedIn | 50 U.S.C. App. §§ 1–44 (historical numbering) ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| dateEnacted | 1917-10-06 ⓘ |
| enactedBy | United States Congress ⓘ |
| enactedDuring | World War I ⓘ |
| givesPower |
President may investigate, regulate, or prohibit transactions in foreign exchange
ⓘ
President may regulate transfers of credit or payments involving any foreign country or national thereof ⓘ |
| historicalContext | enacted shortly after U.S. entry into World War I ⓘ |
| historicalUse |
used to control gold and currency flows during the Great Depression
ⓘ
used to impose restrictions on trade with enemy nations in both World Wars ⓘ |
| influenced | International Emergency Economic Powers Act ⓘ |
| jurisdiction |
United States government
ⓘ
surface form:
United States federal government
|
| legalAuthorityGrantedTo | President of the United States ⓘ |
| longTitle |
Trading with the Enemy Act
self-linksurface differs
ⓘ
surface form:
An Act To define, regulate, and punish trading with the enemy, and for other purposes
|
| notableCase |
Regan v. Wald
ⓘ
United States v. Curtiss-Wright Export Corp. ⓘ |
| penaltiesInclude |
civil penalties and forfeiture of property
ⓘ
criminal penalties for willful violations ⓘ |
| policyArea |
economic sanctions
ⓘ
foreign trade regulation ⓘ national security ⓘ |
| purpose |
to grant the President authority over foreign exchange and financial transactions during war or national emergency
ⓘ
to regulate and restrict trade with enemies and allies of enemies in time of war ⓘ |
| regulates |
financial transactions with enemies and allies of enemies
ⓘ
foreign exchange ⓘ import and export of currency and securities ⓘ trade with foreign nations designated as enemies ⓘ |
| relatedTo |
International Emergency Economic Powers Act
ⓘ
Office of Foreign Assets Control ⓘ |
| scope |
applies to persons and property subject to U.S. jurisdiction
ⓘ
covers direct and indirect trade with enemies ⓘ |
| signedBy | Woodrow Wilson ⓘ |
| subjectOf | numerous U.S. Supreme Court decisions ⓘ |
| usedFor |
control of international financial flows in wartime
ⓘ
economic sanctions ⓘ |
| yearEnacted | 1917 ⓘ |
Referenced by (11)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form:
Trading with the Enemy Act of 1917
subject surface form:
International Emergency Economic Powers Act
subject surface form:
International Emergency Economic Powers Act
this entity surface form:
Trading with the Enemy Act in peacetime emergencies
this entity surface form:
An Act To define, regulate, and punish trading with the enemy, and for other purposes
this entity surface form:
Trading with the Enemy Act of 1917
this entity surface form:
Trading with the Enemy Act of 1917
this entity surface form:
Trading with the Enemy Act of 1917