Title 12 — Banks and BankingRelease 119-73not60
§4407 National Emergencies
Title 12 › Chapter 45— PAYMENT SYSTEM RISK REDUCTION › Subchapter I— BILATERAL AND CLEARING ORGANIZATION NETTING › § 4407
Summary
The law does not limit the President’s powers under two emergency economic laws: the Trading With the Enemy Act (50 U.S.C. 4301 et seq.) and the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.).
Full Legal Text
Title 12, §4407
Banks and Banking — Source: USLM XML via OLRC
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.) [now 50 U.S.C. 4301 et seq.] or the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.).
Legislative History
Notes & Related Subsidiaries
Editorial Notes
References in Text
The Trading With the Enemy Act, referred to in text, is act Oct. 6, 1917, ch. 106, 40 Stat. 411, which was classified to sections 1 to 6, 7 to 39 and 41 to 44 of the former Appendix to Title 50, War and National Defense, prior to editorial reclassification and renumbering as chapter 53 (§ 4301 et seq.) of Title 50. 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 (§ 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.
Reference
Citations & Metadata
Citation
12 U.S.C. § 4407
Title 12 — Banks and Banking
Last Updated
Apr 3, 2026
Release point: 119-73not60