Delegation of Functions Under 31 U.S.C. 5302, 16995-16996 [2020-06398]

Download as PDF 16995 Presidential Documents Federal Register Vol. 85, No. 58 Wednesday, March 25, 2020 Title 3— Memorandum of March 20, 2020 The President Delegation of Functions Under 31 U.S.C. 5302 Memorandum for the Secretary of the Treasury By the authority vested in me as President by the Constitution and the laws of the United States of America, including section 301 of title 3, United States Code, it is hereby ordered as follows: Section 1. Delegation of Authority over the Exchange Stabilization Fund. (a) I hereby delegate the functions and authorities conferred upon the President by section 5302 of title 31, United States Code, to the Secretary of the Treasury for use of the Exchange Stabilization Fund in an aggregate amount of up to $50 billion. (b) The functions and authorities delegated by this section may not be redelegated. Sec. 2. General Provisions. (a) Nothing in this memorandum shall be construed to impair or otherwise affect: (i) the authority granted by law to an executive department or agency, or the head thereof; or (ii) the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals. (b) This memorandum shall be implemented consistent with applicable law and subject to the availability of appropriations. khammond on DSKJM1Z7X2PROD with PRESDOC (c) This memorandum is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person. VerDate Sep<11>2014 16:32 Mar 24, 2020 Jkt 250001 PO 00000 Frm 00003 Fmt 4705 Sfmt 4790 E:\FR\FM\25MRO0.SGM 25MRO0 16996 Federal Register / Vol. 85, No. 58 / Wednesday, March 25, 2020 / Presidential Documents (d) You are authorized and directed to publish this memorandum in the Federal Register. THE WHITE HOUSE, Washington, March 20, 2020 [FR Doc. 2020–06398 Filed 3–24–20; 11:15 am] VerDate Sep<11>2014 16:32 Mar 24, 2020 Jkt 250001 PO 00000 Frm 00004 Fmt 4705 Sfmt 4790 E:\FR\FM\25MRO0.SGM 25MRO0 Trump.EPS</GPH> khammond on DSKJM1Z7X2PROD with PRESDOC Billing code 3295–F0–P

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[Federal Register Volume 85, Number 58 (Wednesday, March 25, 2020)]
[Presidential Documents]
[Pages 16995-16996]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-06398]



[[Page 16993]]

Vol. 85

Wednesday,

No. 58

March 25, 2020

Part II





The President





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Memorandum of March 20, 2020--Delegation of Functions Under 31 U.S.C. 
5302


                        Presidential Documents 



Federal Register / Vol. 85 , No. 58 / Wednesday, March 25, 2020 / 
Presidential Documents

___________________________________________________________________

Title 3--
The President

[[Page 16995]]

                Memorandum of March 20, 2020

                
Delegation of Functions Under 31 U.S.C. 5302

                Memorandum for the Secretary of the Treasury

                By the authority vested in me as President by the 
                Constitution and the laws of the United States of 
                America, including section 301 of title 3, United 
                States Code, it is hereby ordered as follows:

                Section 1. Delegation of Authority over the Exchange 
                Stabilization Fund. (a) I hereby delegate the functions 
                and authorities conferred upon the President by section 
                5302 of title 31, United States Code, to the Secretary 
                of the Treasury for use of the Exchange Stabilization 
                Fund in an aggregate amount of up to $50 billion.

                    (b) The functions and authorities delegated by this 
                section may not be redelegated.

                Sec. 2. General Provisions. (a) Nothing in this 
                memorandum shall be construed to impair or otherwise 
                affect:

(i) the authority granted by law to an executive department or agency, or 
the head thereof; or

(ii) the functions of the Director of the Office of Management and Budget 
relating to budgetary, administrative, or legislative proposals.

                    (b) This memorandum shall be implemented consistent 
                with applicable law and subject to the availability of 
                appropriations.
                    (c) This memorandum is not intended to, and does 
                not, create any right or benefit, substantive or 
                procedural, enforceable at law or in equity by any 
                party against the United States, its departments, 
                agencies, or entities, its officers, employees, or 
                agents, or any other person.

[[Page 16996]]

                    (d) You are authorized and directed to publish this 
                memorandum in the Federal Register.
                
                
                    (Presidential Sig.)

                THE WHITE HOUSE,

                    Washington, March 20, 2020

[FR Doc. 2020-06398
Filed 3-24-20; 11:15 am]
Billing code 3295-F0-P