Delegation of Authorities Under the Trade Facilitation and Trade Act
Jul 27, 2016
Jul 27, 2016
Summary
Gives specific government officials the power to carry out tasks related to trade, exports, and currency policies from a 2015 law.
What problem does this solve?
A 2015 law gave the President new powers to manage trade and exports, but did not say who should handle the day-to-day work. This order assigns those specific jobs to different government departments so they can carry out the law as intended.
What does this order do?
Assigns export promotion duties
Gives the Secretary of Commerce the President's powers for leading the State and Federal Export Promotion Coordination Working Group.
Reference
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Engagement on Currency Exchange Rate and Economic Policies.
Establishes currency policy consultation
Requires the Secretary of the Treasury to consult with other top officials before taking action on another country's currency or economic policies.
Delegates various trade functions
Assigns specific responsibilities from the Act to the Secretary of State, the Administrator of USAID, and the U.S. Trade Representative.
Allows further delegation of powers
Permits agency heads to give their newly assigned duties to other officers within the executive branch as allowed by law.
Who does this affect?
- Department of Commerce
- Department of State
- Department of the Treasury
What is the real world impact?
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Ensures efficient government operations
Clarifies which federal agencies are responsible for specific tasks outlined in the Trade Facilitation and Trade Enforcement Act of 2015. This avoids confusion and makes sure the law is implemented effectively.
When does this start?
This order takes effect as of July 22, 2016.