Thread on IEEPA Executive Orders regarding Tik Tok and WeChat apps. Trump issued two EOs tonight. The first concerned Tik Tok and its parent company ByteDance, and the second concerned WeChat and its parent company TenCent Holdings. 1/
Both EOs invoke the International Emergency Economic Powers Act (IEEPA), a broad law allowing a president to prohibit "US persons"--which extends to corporate persons such as businesses and banks--from engaging in financial transactions with sanctioned entities. 4/
Because IEEPA is an emergency power, its use falls under the National Emergencies Act, and in order to use IEEPA the president has to declare a "National Emergency". Here, Trump does not declare a new National Emergency, he relies on one he declared in May 2019. 5/
The National Emergencies Act requires presidents to specifically identify which emergency powers are being invoked under a particular national emergency. But EO 13873 *already* invokes IEEPA, meaning Trump didn't have to issue new EOs to add IEEPA as an emergency power. 7/
Put another way, nothing in today's executive orders add new powers to what Trump already could do vis-a-vis ByteDance and TenCent based on his May 2019 EO. Instead, these new EOs primarily serve as a messaging and pressure function, providing a countdown clock of 45 days. 8/
But even in 45 days, the EOs give complete discretion to the Secretary of Commerce to define exactly what "transactions" are prohibited. (See sections 1(c) of each of the EOs.) It could be as broad as all transactions with ByteDance and TenCent, or a narrow selection. END
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