§ 4407. — National emergencies.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC4407]
TITLE 12--BANKS AND BANKING
CHAPTER 45--PAYMENT SYSTEM RISK REDUCTION
SUBCHAPTER I--BILATERAL AND CLEARING ORGANIZATION NETTING
Sec. 4407. National emergencies
The provisions of this chapter may not be construed to limit the
authority of the President under the Trading With the Enemy Act (50
U.S.C. App. 1 et seq.) or the International Emergency Economic Powers
Act (50 U.S.C. 1701 et seq.).
(Pub. L. 102-242, title IV, Sec. 407, Dec. 19, 1991, 105 Stat. 2375.)
References in Text
The Trading With the Enemy Act, referred to in text, is act Oct. 6,
1917, ch. 106, 40 Stat. 411, as amended, which is classified to sections
1 to 6, 7 to 39 and 41 to 44 of Title 50, Appendix, War and National
Defense. For complete classification of this Act to the Code, see
Tables.
The International Emergency Economic Powers Act, referred to in
text, is Pub. L. 95-223, title II, Dec. 28, 1977, 91 Stat. 1626, which
is classified generally to chapter 35 (Sec. 1701 et seq.) of Title 50,
War and National Defense. For complete classification of this Act to the
Code, see Short Title note set out under section 1701 of Title 50 and
Tables.
