Congress.wikiCongress.wiki
Congress
MapWatchScheduleDaily RecordMembersCommitteesLegislationNominations
Money & Oversight
MoneyOffice SpendingSubpoenasHouse EthicsForeign InfluenceSpecial Rules
Executive & Law
AgenciesRegulationsUS Code

Without donations, we may shut down.Congress.wiki needs your support. Without donations, we may have to shut down the site.

Learn whyDonate
Search⌘K
Congress
MapWatchScheduleDaily RecordMembersCommitteesLegislationNominations
Money & Oversight
MoneyOffice SpendingSubpoenasHouse EthicsForeign InfluenceSpecial Rules
Executive & Law
AgenciesRegulationsUS Code

I can walk you through what this section actually means

U.S. Code/Title 50/§ 1702

Title 50

50

Title overviewSearch titleAll titles
50 U.S.C. § 1702.Chapter 35

§ 1702

Presidential authorities

Title 50
6 min read

Need the full chapter outline? Open Chapter 35 to browse every section without loading the entire chapter explorer on this page.

Back to Chapter 35Previous: § 1701Next: § 1703

((a)) ** In general**

((1)) At the times and to the extent specified in , the President may, under such regulations as he may prescribe, by means of instructions, licenses, or otherwise—

((A)) investigate, regulate, or prohibit—

((i)) any transactions in foreign exchange,

((ii)) transfers of credit or payments between, by, through, or to any banking institution, to the extent that such transfers or payments involve any interest of any foreign country or a national thereof,

((iii)) the importing or exporting of currency or securities,

((B)) investigate, block during the pendency of an investigation, regulate, direct and compel, nullify, void, prevent or prohibit, any acquisition, holding, withholding, use, transfer, withdrawal, transportation, importation or exportation of, or dealing in, or exercising any right, power, or privilege with respect to, or transactions involving, any property in which any foreign country or a national thereof has any interest by any person, or with respect to any property, subject to the jurisdiction of the United States; and.

((C)) when the United States is engaged in armed hostilities or has been attacked by a foreign country or foreign nationals, confiscate any property, subject to the jurisdiction of the United States, of any foreign person, foreign organization, or foreign country that he determines has planned, authorized, aided, or engaged in such hostilities or attacks against the United States; and all right, title, and interest in any property so confiscated shall vest, when, as, and upon the terms directed by the President, in such agency or person as the President may designate from time to time, and upon such terms and conditions as the President may prescribe, such interest or property shall be held, used, administered, liquidated, sold, or otherwise dealt with in the interest of and for the benefit of the United States, and such designated agency or person may perform any and all acts incident to the accomplishment or furtherance of these purposes.

((2)) In exercising the authorities granted by paragraph (1), the President may require any person to keep a full record of, and to furnish under oath, in the form of reports or otherwise, complete information relative to any act or transaction referred to in paragraph (1) either before, during, or after the completion thereof, or relative to any interest in foreign property, or relative to any property in which any foreign country or any national thereof has or has had any interest, or as may be otherwise necessary to enforce the provisions of such paragraph. In any case in which a report by a person could be required under this paragraph, the President may require the production of any books of account, records, contracts, letters, memoranda, or other papers, in the custody or control of such person.

((3)) Compliance with any regulation, instruction, or direction issued under this chapter shall to the extent thereof be a full acquittance and discharge for all purposes of the obligation of the person making the same. No person shall be held liable in any court for or with respect to anything done or omitted in good faith in connection with the administration of, or pursuant to and in reliance on, this chapter, or any regulation, instruction, or direction issued under this chapter.

((b)) ** Exceptions to grant of authority** The authority granted to the President by this section does not include the authority to regulate or prohibit, directly or indirectly—

((1)) any postal, telegraphic, telephonic, or other personal communication, which does not involve a transfer of anything of value;

((2)) donations, by persons subject to the jurisdiction of the United States, of articles, such as food, clothing, and medicine, intended to be used to relieve human suffering, except to the extent that the President determines that such donations (A) would seriously impair his ability to deal with any national emergency declared under , (B) are in response to coercion against the proposed recipient or donor, or (C) would endanger Armed Forces of the United States which are engaged in hostilities or are in a situation where imminent involvement in hostilities is clearly indicated by the circumstances; or

((3)) the importation from any country, or the exportation to any country, whether commercial or otherwise, regardless of format or medium of transmission, of any information or informational materials, including but not limited to, publications, films, posters, phonograph records, photographs, microfilms, microfiche, tapes, compact disks, CD ROMs, artworks, and news wire feeds. The exports exempted from regulation or prohibition by this paragraph do not include those which are otherwise controlled for export under section 4604  of this title, or under section 4605  of this title to the extent that such controls promote the nonproliferation or antiterrorism policies of the United States, or with respect to which acts are prohibited by chapter 37 of title 18; or

((4)) any transactions ordinarily incident to travel to or from any country, including importation of accompanied baggage for personal use, maintenance within any country including payment of living expenses and acquisition of goods or services for personal use, and arrangement or facilitation of such travel including nonscheduled air, sea, or land voyages.

((c)) ** Classified information** In any judicial review of a determination made under this section, if the determination was based on classified information (as defined in section 1(a) of the Classified Information Procedures Act) such information may be submitted to the reviewing court ex parte and in camera. This subsection does not confer or imply any right to judicial review.

Related Legislation

(20 bills)

Bills that would modify or reference this section of law.

HR-10076

Lindsey O. Graham Sanctioning Russia and Iran Act of 2026

Michael T. McCaul

Texas representative

  1. house
  2. senate
  3. president
8/10/2026
HR-1503

Stop Forced Organ Harvesting Act of 2025

Christopher Henry Smith

New Jersey representative

  1. house
  2. senate
  3. president
2/21/2025
HR-1998

Sanction Sea Pirates Act of 2025

Jonathan Jackson

Illinois representative

  1. house
  2. senate
  3. president
3/10/2025
HR-2643

Haiti Criminal Collusion Transparency Act of 2025

Gregory W. Meeks

New York representative

  1. house
  2. senate
  3. president
4/3/2025
HR-407

Prevent Tariff Abuse Act

Suzan K. Delbene

Washington representative

  1. house
  2. senate
  3. president
1/15/2025
HR-476

No Russian Tunnel to Crimea Act

Gregory W. Meeks

New York representative

  1. house
  2. senate
  3. president
1/16/2025
HR-5324

No More Missing Children Act

Nancy Mace

South Carolina representative

  1. house
  2. senate
  3. president
9/11/2025
HR-5334

Lindsey O. Graham Sanctioning Russia and Iran Act of 2026

James Varni Panetta

California representative

  1. house
  2. senate
  3. president
9/11/2025
HR-6338

Stop Illegal Fishing Act

Gregory W. Meeks

New York representative

  1. house
  2. senate
  3. president
12/1/2025
HR-6636

To advance sensible priorities.

Brian K. Fitzpatrick

Pennsylvania representative

  1. house
  2. senate
  3. president
12/11/2025

And 10 more bills...

§ 1701

Release: pl-119-111 (2026-09-18)

§ 1703

Get a weekly summary of what Congress did, delivered every Sunday.

  • About
  • How Congress Works
  • Quiz
  • Congress Wrapped
  • Pricing
  • Roadmap
  • Health
  • Privacy Policy
  • Terms of Service
WhiteHouse.wiki•SCOTUS.wiki
Congress.wiki Alpha
Support Us

This is not an official government website.

© 2026 PLEJ LC. All rights reserved.