Order Text:
Executive Order 11961--International investment and trade in services
Source: The provisions of Executive Order 11961 of Jan. 19, 1977, appear at 42 FR 4321, 3 CFR, 1977 Comp., p. 86, unless otherwise noted.
By virtue of the authority vested in me by the International Investment and Trade in Services Survey Act (90 Stat. 2059, 22 U.S.C. 3101), and section 301 of title 3 of the United States Code, and as President of the United States of America, it is hereby ordered as follows:
Section 1. All the functions vested in the President by the International Investment and Trade in Services Survey Act (90 Stat. 2059, 22 U.S.C. 3101), hereinafter referred to as the Act, are hereby delegated to the Director of the Office of Management and Budget, hereinafter referred to as the Director. The Director may, from time to time, designate other officers or agencies of the Federal Government to perform any or all of the functions hereby delegated to the Director, subject to such instructions, limitations, and directions as the Director deems appropriate.
[Title, authority recitation, and sec. 1 amended by Executive Order 12518 of June 3, 1985, 50 FR 23661, 3 CFR, 1985 Comp., p. 348]
Sec. 2. Subject to the provisions of section 1 of this order, and in the absence of any contrary delegation or direction by the Director, the Secretary of the Treasury, with respect to portfolio investment, shall perform the functions set forth in sections 4(a)(1), (2), (5) and 4(c) of the Act.
[Sec. 2 amended by Executive Order 12518 of June 3, 1985, 50 FR 23661, 3 CFR, 1985 Comp., p. 348]
Sec. 3. Subject to the provisions of section 1 of this order, and in the absence of any contrary delegation or direction by the Director, the Secretary of Commerce, with respect to direct investment and trade in services, shall perform the functions set forth in sections 4(a)(1), (2), (4), (5) and 4(b) of the Act.
[Sec. 3 amended by Executive Order 12518 of June 3, 1985, 50 FR 23661, 3 CFR, 1985 Comp., p. 348]
Sec. 4. Subject to the provisions of section 1 of this order, and in the absence of any contrary delegation or direction by the Director, the Secretary of Commerce shall perform the function of making periodic reports to the Committees of the Congress as set forth in Section 4(a)(3) of the Act.
[Sec. 4 amended by Executive Order 12013 of Oct. 7, 1977, 42 FR 54931, 3 CFR, 1977 Comp., p. 147; Executive Order 12318 of Aug. 21, 1981, 46 FR 42833, 3 CFR, 1981 Comp., p. 173]
