wireless the administration is reportedly looking to the international emergency economic powers act of one thousand nine hundred seventy seven as a legal means to block chinese investment and perhaps even freeze as. sets in deals that seeks to stop the law has been used previously against iran and sudan the broad use of the one nine hundred ninety seven act would represent a significant increase in executive branch authority over these matters well beyond that of the interdepartmental committee on foreign investment in the united states or c.c.'s regular boom bust viewers will recall that c.p.s. recently blocked the proposed merger of us by g. developer qualcomm by broadcom of singapore also as a note broadcom is now reportedly considering look relocating its domicile to the united states will stay on all these stories. takeovers mergers and acquisitions have increased by sixty seven percent from a year ago according to the financial times in the first quarter of the year mergers and acquisition m. and a activity has boomed to a record breaking one point two trillion dollars the activi

with us, we are hearing about the trump administration using a unique tool, that international emergency economic powers act of977. what is this about? >> we did not hear about this rule until trump administration and that is the latest in their protectionist agenda to punish china for what the administration says is in violation of u.s. intellectual property rights. david: what source of remedies can they obtain that they couldn't otherwise? treasury is actually still looking into how this would work and what powers they have under this law. it is unprecedented to do something like this. what we think they are aiming to do is not only block chinese future chinese investment in tight u.s. companies, but perhaps even look back at unwinding investments and companies as the chinese have made in recent decades. shery: how does this compare to the process with secretary ross's announcement that could be presidential action coming? alex: we are getting out of my up asouse, the it is set a voluntary program and companies that are considering mergers with international firms for example, a chinese firm was to buy a u.

the clerk: to the congress of the united states, pursuant to international emergency economic powers act 50 u.s.c. 1701, i hereby report that i have signed an executive order with respect to venezuela that takes additional steps with respect too the national emergency declared in executive order 13692 of march 8, 2015, and rely upon for additional steps taken in 148-08 in august 24rk017. the executive order prohibits all transactions relating to provision of financing for and other dealings in by a united states person or within the united states any digital currency, digital coin or digital token that was issued by, for, or on behalf of the government of venezuela on or after january 9, 2018. i have authorized the secretary of the treasury in consultation with the secretary of state to take such actions including promulgating rules and regulations and to employ all powers granted to the president by ieepa as may be necessary to carry out the purposes of the exicktive order. i am enclosing a copy of the executive order i have signed. signed, donald j. trump, the white house, march 19, 20