Presidential Actions

Delegation of Functions and Authorities Under the Better Utilization of Investments Leading to Development Act of 2018

SignedSeptember 24, 2019
Memorandum·Donald Trump·Development
Why This Matters

This memorandum delegates authority to the President of the Overseas Private Investment Corporation to submit a reorganization plan under the Better Utilization of Investments Leading to Development Act of 2018.

This delegation aims to streamline the process of reorganizing investment strategies for international development.
The most affected parties include the Overseas Private Investment Corporation and the United States Agency for International Development as they implement the reorganization plan.
Summary

1. Delegates authority to the President of the Overseas Private Investment Corporation. 2. Authorizes submission of a reorganization plan under the Better Utilization of Investments Leading to Development Act. 3. Requires consultation with congressional committees regarding the plan.

Who is affected?

The most affected parties include the Overseas Private Investment Corporation and the United States Agency for International Development as they implement the reorganization plan.

Read on Federal Registerfederalregister.gov
Read Full Text
Memorandum of September 24, 2019

Delegation of Functions and Authorities Under the Better Utilization of Investments Leading to Development Act of 2018

Memorandum for the President of the Overseas Private Investment Corporation [and] the Administrator of the United States Agency for International Development

By the authority vested in me as President by the Constitution and the laws of the United States of America, including section 1462 of title VI of division F of Public Law 115-254 (section 9682 of title 22, United States Code) (the “Act”), and section 301 of title 3, United States Code, I hereby delegate to the President of the Overseas Private Investment Corporation, in consultation with the Administrator of the United States Agency for International Development, the functions and authorities vested in the President by the Act to submit a reorganization plan, including any modifications or revisions thereto, and to consult with the appropriate congressional committees on such plan, including any modifications and revisions thereto.

The President of the Overseas Private Investment Corporation is authorized and directed to publish this memorandum in the Federal Register.

[FR Doc. 2019-21504

Filed 9-30-19; 11:15 am]

Billing code 3210-01-P

Delegation of Functions and Authorities Under the Better Utilization of Investments Leading to Development Act of 2018 - PILLARS