Establishment of the President's Economic Recovery Advisory Board
Creates Economic Recovery Advisory Board to Advise the President
What it does
All executive departments and agencies must cooperate with the new advisory board and provide information and assistance as requested.
Real-world impact
- Creates a temporary advisory board of up to 17 outside experts.
- Requires federal departments and agencies to provide information and assistance.
- Board recommendations may influence economic policy and financial system decisions.
Topics
Summary
This order creates the President's Economic Recovery Advisory Board (PERAB) inside the Department of the Treasury to provide independent, nonpartisan advice to the President on economic recovery.
Up to 17 outside experts will be appointed, a Chair will be designated, and a Staff Director will supervise the board's staff; members serve without pay but may receive travel expenses.
All executive departments and agencies must cooperate and provide information to the board, which will report directly to the President and offer recommendations to inform economic and financial policy; the board ends after two years unless extended.
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