the WHITE HOUSEPresident Barack Obama

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The White House
Office of the Press Secretary
For Immediate Release

Presidential Memorandum -- Delegation of Functions Under Sections 404 and 406 of Public Law 112-208

MEMORANDUM FOR THE SECRETARY OF STATE
THE SECRETARY OF THE TREASURY

SUBJECT: Delegation of Functions Under Sections 404 and 406 of Public Law 112-208

By the authority vested in me as President by the Constitution and the laws of the United States of America, including section 301 of title 3, United States Code, I hereby delegate the functions conferred upon the President by sections 404 and 406 of Public Law 112-208 as follows:

I hereby delegate to the Secretary of the Treasury, in consultation with the Secretary of State, the functions and authorities set forth in:

• subsections 404(a), 404(b), and 404(d), with respect to the determinations provided for therein;
• subsection 404(c)(3);
• subsection 404(c)(4), consistent with subsection 404(f); and
• subsection 406(a)(1).
I hereby delegate to the Secretary of State, in consultation with the Secretary of the Treasury, the functions and authorities set forth in:
• subsections 404(a), 404(b), and 404(d), with respect to the submission of the list, updates, and reports described in those respective subsections;
• subsection 404(e); and subsections 404(c)(2) and 406(a)(2).

The Secretary of State is authorized and directed to publish this memorandum in the Federal Register.

BARACK OBAMA