Court of Appeals for the First Circuit March 11, 1987, 86-1410 (Beacon Products Corp. v. Ronald Wilson Reagan)

BREYER, Circuit Judge.

Appellants are merchants who wish to trade with Nicaragua. They believe that the regulations prohibiting that trade, 31 C.F.R. Part 540, are legally invalid. Their argument rests upon what they perceive to be a critical legal flaw in the statutory scheme that authorizes the regulations.

See

National Emergencies Act (NEA), 50 U.S.C.