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

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 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