3/8/11 11:47 am - so literal!The Trading With The Enemy Act (1917): The Trading with the Enemy Act, sometimes abbreviated as TWEA, is a United States federal law, 12 U.S.C. § 95a, enacted in 1917 to restrict trade with countries hostile to the United States. The law gives the President the power to oversee or restrict any and all trade between the U.S. and its enemies in times of war. In 1933 President Franklin D. Roosevelt amended the act to extend the scope to hoarding of gold, which was passed by Congress, and then outlawed gold ownership with Executive Order 6102. These restrictions continued until January 1, 1975. The Act has been amended several other times. The Trading with the Enemy Act is often confused with the International Emergency Economic Powers Act, which grants somewhat broader powers to the President and is invoked during states of emergency when not at war. haha this amuses me because 1. the title of the bill is SO literal and 2. it reminds me of "sleeping with the enemy". it made me snigger inside. am in the library now, so i have to snigger silently to myself :( there's a bunch of guys opposite me laughing at the !xobile joke by russell peters... that's so 2007 and they're not even pronouncing it right! |

ditzy