President Joe Biden issued a memorandum delegating certain functions and authorities under the Rebuilding Economic Prosperity and Opportunity for Ukrainians Act to the Secretaries of State and Treasury. The Secretary of the Treasury will handle specific financial functions, while the Secretary of State, in consultation with the Treasury, will manage other designated responsibilities. These delegations will also apply to similar future laws, and the Treasury is directed to publish this memorandum in the Federal Register.
MEMORANDUM FOR THE SECRETARY OF STATE
THE SECRETARY OF THE TREASURY
SUBJECT: Delegation of Certain Functions and Authorities Under the Rebuilding Economic Prosperity and Opportunity for Ukrainians Act
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, I hereby order as follows:
Section 1. (a) I hereby delegate to the Secretary of the Treasury the functions and authorities vested in the President by sections 104(a)(1) and 104(a)(2)(A) of the Rebuilding Economic Prosperity and Opportunity for Ukrainians Act (Division F of Public Law 118-50) (the “Act”).
(b) I hereby delegate to the Secretary of State, in consultation with the Secretary of the Treasury, the functions and authorities vested in the President by sections 104(g), 104(i), 105(c), 105(e), and 105(g) of the Act.
Sec. 2. The delegations in this memorandum shall apply to any provisions of any future public laws that are the same or substantially the same as those provisions referenced in this memorandum.
Sec. 3. The Secretary of the Treasury is authorized and directed to publish this memorandum in the Federal Register.
JOSEPH R. BIDEN JR.
July 22 2024 White House Washington DC
Sources: Midtown Tribune news, WH.gov