Delegation of Functions Under BUILD Act of 2018
🌐 Foreign Policy · First Term (2017–2021) · 🤖 AI-categorized
On September 24, 2019, President Trump signed a memorandum delegating functions and authorities under the Better Utilization of Investments Leading to Development (BUILD) Act of 2018 to the Secretary of State and other officials. The memorandum transferred specific powers related to development finance and international investment promotion from the President to designated agencies. The direct effect was to operationalize the BUILD Act's framework for U.S. international development financing through designated officials rather than direct presidential action.