Providing an Order of Succession Within the Department of the Treasury
Aug 17, 2016
Aug 17, 2016
Summary
Creates a list of officials who will take over as Secretary of the Treasury if the Secretary and Deputy Secretary cannot do their jobs.
What problem does this solve?
The government needs a clear plan for who leads the Treasury Department if the top leaders are suddenly gone, which could cause financial confusion. This order provides a specific list of officials to take over, ensuring the department always has a leader.
What does this order do?
Establishes the order of succession
Lists the specific officers who will act as Secretary of the Treasury if the Secretary and Deputy Secretary are unable to perform their duties. The order starts with the Under Secretaries.
Excludes acting officials from succession
States that an individual serving in an acting capacity in one of the listed positions is not eligible to become the acting Secretary through this order.
Preserves Presidential discretion
Allows the President to choose a different person to be the acting Secretary, as long as it is permitted by the Federal Vacancies Reform Act.
Revokes a previous executive order
Cancels Executive Order 13246 from 2001, which previously set the order of succession for the Treasury Department.
Who does this affect?
- Department of the Treasury officials
- The President of the United States
- Federal government employees
What is the real world impact?
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Ensures leadership continuity
Provides a clear and stable plan for who takes charge of the Treasury Department in an emergency. This prevents confusion and keeps the country's financial system running smoothly if top officials are unavailable.
When does this start?
This order becomes effective on August 12, 2016.