Volume 86 · 149
Public Law 92–302
To establish certain positions in the Department of the Treasury, to fix the compensation for those positions, and for other purposes.
Approved May 18, 1972
Statutory text
AN ACT
To establish certain positions in the Department of the Treasury, to fix the compensation for those positions, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
That
so much of the Act of February 17, 1922, as amended, as relates to the Under Secretary, and the Under Secretary for Monetary Affairs, in the Department of the Treasury (31 U.S.C. secs. 1004 and 1005), is amended to read as follows:
“There shall be in the Department of the Treasury a Deputy Secretary, an Under Secretary, and an Under Secretary for Monetary Affairs, each to be appointed by the President, by and with the advice and consent of the Senate. They shall perform such duties in the Office of the Secretary as may be prescribed by the Secretary of the Treasury. The President may, in appointing the Under
“Counselor.”
Secretary, designate him as ‘Counselor’.
“The Deputy Secretary of the Treasury, in case of the death, resignation, absence, or sickness of the Secretary of the Treasury, shall perform the duties of the Secretary until a successor is appointed or such absence or sickness shall cease.”
There shall be in the Department of the Treasury two Deputy
Deputy Under Secretaries.
Under Secretaries who shall be appointed by the President, by and with the advice and consent of the Senate. They shall perform such duties in the Office of the Secretary as may be prescribed by the Secretary of the Treasury. The President may, in appointing
“Assistant Secretary of the Treasury.”
any Deputy Under Secretary, designate him as “Assistant Secretary of the Treasury”. Any person designated as Assistant Secretary of the Treasury under the preceding sentence shall not be taken into account in applying section 234 of the Revised Statutes, as amended (31 U.S.C. see. 1006).
Section 234 of the Revised Statutes, as amended (31 U.S.C. sec. 1006), is amended by striking out “four” and inserting in lieu thereof “five”,
Section 3 of Reorganization Plan Numbered 26 of 1950 (64
Repeal.
5 USC app.
Stat. 1280) is hereby repealed.
Sec. 2.
Section 5313 of title 5 of the United States Code is amended by inserting as paragraph (6) the following:
“(6) Deputy Secretary of the Treasury.”
Paragraph (10) of section 5314 of such title 5 is amended to
read as follows:
“(10) Under Secretary of the Treasury (or Counselor).”
Section 5315 of such title 5 is amended as follows:
80 Stat. 461; Ante, p. 69.
By striking “(4)” at the end of paragraph (23) and inserting in lieu thereof “(5)”.
By adding at the end thereof the following new paragraph:
“(96) Deputy Under Secretaries of the Treasury (or Assistant Secretaries of the Treasury)(2).”
Section 5316 of such title 5 is amended by st lilting out paragraphs (28) and (64).
Sec. 3.
Except as otherwise provided in this section, this Act
Effective date.
shall take effect on its date of enactment.
Any officer holding an office when this Act takes effect
Savings provision.
shall not be required to be reappointed to such office by reason of the enactment of tins Act. Subsection (d) of the first, section of this Act and subsection (d) of section 2 of this Act shall take effect upon confirmation by the Senate of Presidential appointees to fill the successor positions created by this Act.
Until January 21, 1973, no person within the Treasury
Pay increase, effective date.
Department who has been occupying a position under the Executive Schedule and who is hereafter appointed to a position created or authorized by this Act shall receive an increase in basic pay by virtue of such appointment.
Approved May 18, 1972.