22-U.S.C.-290I-1
§290I-1 – §290I-1. Governor and Alternate Governor
Pathway
Title 22 > Chapter 7 > Subchapter XXIV > Section 290i-1
Details
- Reference: Section 290i-1
- Legend: §290I-1 – §290I-1. Governor and Alternate Governor
- USCode Year: 2013
Provision Content
(a) Appointment
The President shall appoint a Governor and an Alternate Governor of the Bank—
(1) by and with the advice and consent of the Senate; or
(2) from among individuals serving as officials required by law to be appointed by and with the advice and consent of the Senate.
(b) Term; termination and reappointment
The term of office for the Governor and the Alternate Governor shall be five years, subject at any time to termination of appointment or to reappointment. The Governor and Alternate Governor shall remain in office until a successor has been appointed.
(c) Compensation and expenses
No person shall be entitled to receive any salary or other compensation from the United States for services as a Governor or Alternate Governor, except for reasonable expenses to attend meetings of the Board of Governors.
(d) Voting
The Governor, or in the Governors absence the Alternate Governor, on the instructions of the President, shall cast the votes of the United States for the Director to represent the United States in the Bank.
(Pub. L. 97–35, title XIII, §1333, Aug. 13, 1981, 95 Stat. 741; Pub. L. 101–513, title V, §562(b)(3), Nov. 5, 1990, 104 Stat. 2034; Pub. L. 112–166, §2(z)(1), Aug. 10, 2012, 126 Stat. 1289.)
Amendments
2012—Pub. L. 112–166 substituted The President shall appoint a Governor and an Alternate Governor of the Bank— and pars. (1) and (2) for The President, by and with the advice and consent of the Senate, shall appoint a Governor, an Alternate Governor, and a Director of the Bank. in subsec. (a), redesignated second and third sentences of subsec. (a) as (b), and redesignated former subsecs. (b) and (c) as (c) and (d), respectively.
1990—Subsec. (a). Pub. L. 101–513 substituted Governor, an Alternate Governor, and a Director for Governor and an Alternate Governor.
Effective Date of 2012 Amendment
Amendment by Pub. L. 112–166 effective 60 days after Aug. 10, 2012, and applicable to appointments made on and after that effective date, including any nomination pending in the Senate on that date, see section 6(a) of Pub. L. 112–166, set out as a note under section 113 of Title 6, Domestic Security.
Delegation of Functions
Functions of President under subsec. (c) delegated to Secretary of the Treasury, see Ex. Ord. No. 12403, Feb. 8, 1983, 48 F.R. 6087.
U.S. Encyclopedia of Law Coverage
22-U.S.C.-290G-8 in the Legal Encyclopedia: Foreign Relations
In this entry about 22-U.S.C.-290G-8, find legal reference material, bibliographies and premiere content related to foreign relations in the American Encyclopedia of Law, presenting a comprehensive view of the United States foreign relations-specific issues, written by authorities in the field.
22-U.S.C.-290G-19 in the Legal Encyclopedia: Africa
In this entry about 22-U.S.C.-290G-19, find legal reference material, bibliographies and premiere content related to africa in the American Encyclopedia of Law, presenting a comprehensive view of the United States africa-specific issues, written by authorities in the field.
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