International Emergency Economic Powers Act (IEEPA)
Definition
[50 U.S.C. § 1701 et seq.] Federal statute that grants the president power to regulate foreign financial transactions in times of national-security crisis (e.g., by providing for the designation of certain entities as specially designated global terrorists to which various domestic sanctions may apply) and provides immunity from liability for anything done or omitted in good faith in connection with a lawfully issued subpoena.