Trade Sanctions Act

Summary

Trade Sanctions Act - Requires the President to make a list of countries which, as a punitive step against the United States for its foreign policy toward Israel, are curtailing export of oil or oil products to the United States. Grants the President power to select any country from the list and prohibit or curtail foreign assistance or export of articles or technical data to such country. Provides that if the President takes such a step and then a third country passes on such articles or data to the country under the prohibition or curtailment, the President may terminate provision of those items to the third country. Allows the President to expropriate property or currency of countries on such list. Terminates Presidential power given under this Act within a year of enactment.

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1 official file

• Introduced in House

  summary · EN · 4 December 1973

  Open at official source

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