Wednesday, August 4, 2010

The International Emergency Economic Powers Act: The 2nd Most Dangerous Act in the Land

IEEPA: The Power to "Block" Personal Property both here and abroad and to immpose economic sanctions against other nations.

Scarier yet is this: Because the Regulations involve a foreign affairs function, the provisions of Executive Order 12866 and the Administrative Procedure Act (5 U.S.C. 553) requiring notice of proposed rulemaking, opportunity for public participation, and delay in effective date are inapplicable. Because no notice of proposed rulemaking is required for this rule, the Regulatory Flexibility Act (5 U.S.C. 601-612) does not apply.