Delegation concerning the United States-India Fund for Cultural, Educational, and Scientific Cooperation

This executive order delegates presidential authority over the United States-India Fund for Cultural, Educational, and Scientific Cooperation to the Secretary of State, and allocates Indian rupees provided to the President to the Secretary of the Treasury for investment to generate earnings for the Fund's purposes.

50 FR 23105

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Key directives

Delegate all presidential functions under the U.S.-India Fund for Cultural, Educational, and Scientific Cooperation Act to the Secretary of State
Allocate India rupees provided under specified appropriations to the Secretary of the Treasury for investment to generate earnings for Title IX purposes

Who is ordered

Timeline

Immediate

Delegation of presidential functions to Secretary of State takes effect
Allocation of India rupees to Secretary of the Treasury for investment

Near term (90d)

—

Long term

Ongoing administration of U.S.-India cultural, educational, and scientific cooperation programs
Investment management of rupee assets for Fund earnings

Risks & tensions

No specified reporting or oversight mechanisms for Treasury investment performance in text
Vague 'earnings for purposes of Title IX' leaves investment strategy and benchmarks undefined
Potential interagency coordination tension between State (program authority) and Treasury (investment management) not addressed