§1707 Multinational Economic Embargoes Against Governments in Armed Conflict with the United States

Summary

When U.S. forces begin fighting a foreign country, the President must try to get other countries to join an economic embargo against that country and must try to seize that country's financial assets held abroad. Within 20 days after the first day of the fighting, and only if the fighting has lasted at least 14 days, the President must send Congress a report. The report must list the exact steps the U.S. has taken and will take to set up the embargo and to start seizing foreign-held assets under this policy, and it must identify any foreign sources of trade or money that directly or indirectly help the enemy government keep fighting the United States.