Does it matter that President Trump last Friday night issued a CFIUS order directing ByteDance to divest itself from TikTok, given that a week earlier he already had levied IEEPA sanctions on the company? Yes indeed.
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The administration’s move may invite additional restrictions on the application of a key U.S. foreign and security tool.
Because now you really need to explain things to your teenager.
Over the weekend, President Trump cited a 1977 statute, the International Emergency Economic Powers Act (IEEPA), as providing the legal authority he would need to carry through on his “order” that American companies “immediately start looking for an alternative to China.” IEEPA, which serves as the legal basis for many of America’s economic sanctions programs, almost certainly gives Trump the legal power he claims.
Material support prosecutions comes in many shapes and sizes, but because of their frequency we often fail to notice when their are unusual or novel applications. A case in point (well, two cases in point) arose yesterday, when DOJ's National Security Division announced that the FBI had arrested two men—one in Michigan, the other in New York—who allegedly serve as agents of Hezbollah's foreign-operations arm. One of the men is a naturalized U.S.