IEEPA is a US law empowering the President to regulate international economic transactions during a declared national emergency caused by external threats to national security, foreign policy or the economy. It mainly functions as a sanctions framework, allowing restrictions on financial dealings and foreign assets.
Recently, the US Supreme Court struck down tariffs imposed under IEEPA, ruling that the Act is meant for emergency economic controls, not trade tariff regulation, thereby reinforcing limits on executive authority.
APSC Relevance: Important for International Relations and Polity — illustrates emergency powers, judicial checks, and global trade governance.
Course Purchase Query 