19 USC 4422 - Advisory Committee on International Exchange Rate Policy

U.S Code last checked for updates: Oct 17, 2024

§ 4422.

Advisory Committee on International Exchange Rate Policy

(a)

Establishment

(1)

In general

(2)

Duties

(b)

Membership

(1)

In general

The Committee shall be composed of 9 members as follows, none of whom shall be employees of the Federal Government:

(A)

Three members shall be appointed by the President pro tempore of the Senate, upon the recommendation of the chairmen and ranking members of the Committee on Banking, Housing, and Urban Affairs and the Committee on Finance of the Senate.

(B)

Three members shall be appointed by the Speaker of the House of Representatives, upon the recommendation of the chairmen and ranking members of the Committee on Financial Services and the Committee on Ways and Means of the House of Representatives.

(C)

Three members shall be appointed by the President.

(2)

Qualifications

(3)

Terms

(A)

In general

(B)

Reappointment

(4)

Vacancies

(c)

Duration of Committee

(1)

In general

(2)

Continued renewal

(d)

Meetings

(e)

Chairperson

(1)

In general

(2)

Reelection; subsequent terms

(f)

Staff

(g)

Application of chapter 10 of title 5

(1)

In general

(2)

Exception

Meetings of the Committee shall be exempt from the requirements of subsections (a) and (b) of section 1009 and section 1010 of title 5 (relating to open meetings, public notice, public participation, and public availability of documents), whenever and to the extent it is determined by the President or the Secretary of the Treasury that such meetings will be concerned with matters the disclosure of which—

(A)

would seriously compromise the development by the Government of the United States of monetary or financial policy; or

(B)

is likely to—

(i)

lead to significant financial speculation in currencies, securities, or commodities; or

(ii)

significantly endanger the stability of any financial institution.

(h)

Authorization of appropriations

(Pub. L. 114–125, title VII, § 702, Feb. 24, 2016, 130 Stat. 198; Pub. L. 117–286, § 4(a)(144), Dec. 27, 2022, 136 Stat. 4321.)

cite as: 19 USC 4422