12 USC § 4407 - National emergencies

---
identifier: "/us/usc/t12/s4407"
source: "usc"
legal_status: "official_prima_facie"
title: "12 USC § 4407 - National emergencies"
title_number: 12
title_name: "BANKS AND BANKING"
section_number: "4407"
section_name: "National emergencies"
chapter_number: 45
chapter_name: "PAYMENT SYSTEM RISK REDUCTION"
subchapter_number: "I"
subchapter_name: "BILATERAL AND CLEARING ORGANIZATION NETTING"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 102–242, title IV, § 407A, formerly § 407, Dec. 19, 1991, 105 Stat. 2375; renumbered § 407A, Pub. L. 109–8, title IX, § 906(d)(1), Apr. 20, 2005, 119 Stat. 169.)"
---


# § 4407. National emergencies

50 U.S.C. 430150 U.S.C. 1701

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  et seq.] or the International Emergency Economic Powers Act ( et seq.).

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**Source Credit**: (Pub. L. 102–242, title IV, § 407A, formerly § 407, Dec. 19, 1991, 105 Stat. 2375; renumbered § 407A, Pub. L. 109–8, title IX, § 906(d)(1), Apr. 20, 2005, 119 Stat. 169.)

## Editorial Notes

### References in Text

The Trading With the Enemy Act, referred to in text, is , , 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 , , , 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  and Tables.