President Trump has scheduled a prime-time national address for Thursday and says it will involve elections and “really big news.” With the SAVE America Act stalled, the Election Assistance Commission left without commissioners and the midterms approaching, speculation is exploding that Trump may be preparing to declare an election-related national emergency.

But can a president use emergency powers to impose national voter-ID requirements, paper ballots or restrictions on mail voting without Congress? We break down the National Emergencies Act, the Elections Clause, existing federal law—and the election-interference emergency Trump already has active today.

This is not about retrying the 2020 election. It is about Trump’s current moves, the legal weapons available to him and the constitutional wall he would hit if Thursday’s announcement goes too far.