Delegation of Certain Authorities and Assignment of Certain Functions Under the Trade Facilitation and Trade Enforcement Act of 2015
Headline: Delegates Trade Enforcement Authorities to Key Federal Agencies
What it does: Agencies must carry out assigned presidential trade and currency authorities and coordinate with each other and local governments.
- Assigns trade duties to commerce, state, treasury, the international aid agency, and trade representative.
- Requires agencies to consult each other and include local governments in trade coordination.
- Creates process for recommending specific responses when a country undervalues its currency.
Summary
This order assigns specific trade and currency-related powers that previously rested with the President to several cabinet-level officials and agencies. It directs the commerce, state, and treasury departments, the international aid agency, and the U.S. trade representative to carry out those duties.
The order also requires these agencies to consult with one another and to include local and municipal governments when coordinating export promotion. It creates a process for recommending actions to the President when a country undervalues its currency.
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