ricecake , 4 days ago

So, national emergencies can do some of that, but this one has more to do with financing of programs, and the legal basis for financial sanctions relating to fighting terrorism. It also allows for more flexible hiring of military officers and for there to be more generals than usual.

The actual things being changed by the emergency declaration is listed in the order.

en.wikisource.org/wiki/Executive_Order_13224

It’s basically “we don’t need to ask Congress when the Treasury department tells a bank they can’t send money to specific overseas accounts”.