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Code · BILL · 115th Congress · S. 2463 (Reported in Senate) — To establish the United States International Development Finance Corporation, and for other purposes. · Sec. 602

Sec. 602. Reorganization plan

343 words·~2 min read·/bill/115/s/2463/rs/section-602

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Not later than 60 days after the date of the enactment of this Act, the President shall transmit to the appropriate congressional committees a reorganization plan regarding the following: The transfer of agencies, personnel, assets, and obligations to the Corporation pursuant to this title. Any consolidation, reorganization, or streamlining of agencies transferred to the Corporation pursuant to this title. The plan transmitted under subsection
(a)shall contain, consistent with this Act, such elements as the President deems appropriate, including the following: Identification of any functions of agencies transferred to the Corporation pursuant to this title that will not be transferred to the Corporation under the plan. Specification of the steps to be taken to organize the Corporation, including the delegation or assignment of functions transferred to the Corporation among officers of the Corporation in order to permit the Corporation to carry out the functions transferred under the plan. Specification of the funds available to each agency that will be transferred to the Corporation as a result of transfers under the plan. Specification of the proposed allocations within the Corporation of unexpended funds transferred in connection with transfers under the plan. Specification of any proposed disposition of property, facilities, contracts, records, and other assets and obligations of agencies transferred under the plan. The President may, on the basis of consultations with the appropriate congressional committees, modify or revise any part of the plan until that part of the plan becomes effective in accordance with subsection (d). The reorganization plan described in this section, including any modifications or revisions of the plan under subsection (c), shall become effective for an agency on the date specified in the plan (or the plan as modified pursuant to subsection (c)), except that such date may not be earlier than 90 days after the date the President has transmitted the reorganization plan to the appropriate congressional committees pursuant to subsection (a). Nothing in this subsection may be construed to require the transfer of functions, personnel, records, balances of appropriations, or other assets of an agency on a single date.
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