
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 50USC1707]

 
                   TITLE 50--WAR AND NATIONAL DEFENSE
 
           CHAPTER 35--INTERNATIONAL EMERGENCY ECONOMIC POWERS
 
Sec. 1707. Multinational economic embargoes against governments 
        in armed conflict with the United States
        

(a) Policy on the establishment of embargoes

    It is the policy of the United States, that upon the use of the 
Armed Forces of the United States to engage in hostilities against any 
foreign country, the President shall, as appropriate--
        (1) seek the establishment of a multinational economic embargo 
    against such country; and
        (2) seek the seizure of its foreign financial assets.

(b) Reports to Congress

    Not later than 20 days after the first day of the engagement of the 
United States in hostilities described in subsection (a) of this 
section, the President shall, if the armed conflict has continued for 14 
days, submit to Congress a report setting forth--
        (1) the specific steps the United States has taken and will 
    continue to take to establish a multinational economic embargo and 
    to initiate financial asset seizure pursuant to subsection (a) of 
    this section; and
        (2) any foreign sources of trade or revenue that directly or 
    indirectly support the ability of the adversarial government to 
    sustain a military conflict against the United States.

(Pub. L. 106-65, div. A, title XII, Sec. 1231, Oct. 5, 1999, 113 Stat. 
788.)

                          Codification

    This section enacted as part of the National Defense Authorization 
Act for Fiscal Year 2000, and not as part of the International Emergency 
Economic Powers Act which comprises this chapter.
