Delegation of Functions Under 31 U.S.C. 5302
| Citation | 85 FR 16995 |
| Record Number | 2020-06398 |
| Published date | 25 March 2020 |
| Section | Presidential Documents |
| Court | Executive Office Of The President |
Presidential Documents
16995
Federal Register
Vol. 85, No. 58
Wednesday, March 25, 2020
Title 3—
The President
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 Presi-
dent 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 con-
strued 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.
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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]
Billing code 3295–F0–P
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