TREASURY DIRECTIVE:13-03
Date: March 13, 2003
Sunset Review: March 13, 2008
SUBJECT: Delegation of Authority Relating to the United States Community Adjustment and Investment Program and Designation of Representative on the Community Adjustment and Investment Program Finance Committee
1.
PURPOSE. This Directive makes certain delegations to and a
designation of the
Assistant
Secretary (Financial Institutions) relating to the United States Community
Adjustment and
Investment Program (the “CAIP”) in support of the North American Free
Trade Agreement
(“NAFTA”).
2.
BACKGROUND. The North American Free Trade Agreement
Implementation Act
(Public Law
103-182, 107 Stat. 2057) (the “Act”) authorized the CAIP in support of
NAFTA.
Executive Order 12916, dated May 13, 1994 (the “Executive Order”),
delegated to
the Secretary of the Treasury certain functions given to the President under
the Act
relating to the CAIP. The Executive Order also established an interagency
Community
Adjustment and Investment Program Finance Committee (the “Finance
Committee”) to
implement the CAIP. Treasury Order (“TO”) 100-13, “Delegation of
Authority
Relating to the Community Adjustment and Investment Program in Support of
NAFTA and
Designation of Representative on the Community Adjustment and
Investment
Program Finance Committee”, delegated to the Under Secretary for Domestic
Finance all of
the Secretary’s powers, authorities, and functions relating to the CAIP,
except for
certain fiscal management functions that TO 100-13 specifically assigned to
the Assistant
Secretary for Management and Chief Financial Officer, and designated the
Under Secretary
for Domestic Finance as the Department of the Treasury’s representative
on the Finance
Committee.
3. DELEGATION.
a. The duties, powers, rights, and obligations of the Secretary of the Treasury relating to the CAIP, which are vested in the Under Secretary for Domestic Finance pursuant to TO 100-13, are hereby redelegated to the Assistant Secretary (Financial Institutions).
b. The Department of the Treasury’s representative on the Finance
Committee established by the Executive Order, which is designated as the Under Secretary for Domestic Finance pursuant to TO 100-13, is hereby redesignated as the Assistant Secretary (Financial Institutions).
4. AUTHORITY. TO 100-13, “Delegation of Authority Relating to the Community Adjustment and Investment Program in Support of NAFTA and Designation of Representative on the Community Adjustment and Investment Program Finance Committee”, dated May 19, 1999.
5. CANCELLATION. Treasury Directive 13-03, “Delegation of Authority Relating to the United States Community Adjustment and Investment Program and Designation of Representative on the Community Adjustment and Investment Program Finance Committee”, dated September 19, 2001, is superseded.
6. OFFICE OF PRIMARY INTEREST. Office of the Under Secretary for Domestic Finance.
/s/
Peter R. Fisher
Under Secretary for Domestic Finance