The Trade Expansion Act of 1962 as amended by the Trade Act of 1974 states that if the secretary of the treasury finds that an Ă˘â‚¬Ĺ“article is being imported into the United States in such quantities or under such circumstances as to threaten to impair the national security,Ă˘â‚¬Âť the president is authorized to Ă˘â‚¬Ĺ“take such action . . . as he deems necessary to adjust the imports of the article . . . so that [it] will not threaten to impair the national security.Ă˘â‚¬Âť Does this grant of power by Congress allow the president to establish quotas? If importation of foreign oil is deemed Ă˘â‚¬Ĺ“a threat to national security,Ă˘â‚¬Âť can the president implement a $3Ă˘â‚¬â€ś$4-per-barrel license fee? See Federal Energy Administration v. Algonquin SNG, Inc., 426 U.S. 548 (1976).
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