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The Trading with the Enemy Act, sometimes abbreviated as TWEA, is a United States federal law, , enacted in 1917 to restrict trade with countries hostile to the United Statesmarker. The law gives the President the power to oversee or restrict any and all trade between the U.S. and her 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 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.

As of 2008, Cubamarker is the only country restricted under the act. North Koreamarker is the most recent country to have the restrictions lifted.

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Sec. 5 of the Trading with the enemy Act was amended by the Emergency Banking Act of 1933 to include within its definition of the term "enemy of the United States" United States Citizen, thereby putting the Alien Property Custodian in equitable possession of all of the peoples' property. See also United States Code Title 50 Appendix section 44(A)

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