31 U.S.C. § 315 — Continuing in office

Page 28 TITLE 31—MONEY AND FINANCE § 314 Federal Reserve System, and the Director of the Federal Insurance Office shall provide public no- tice before the date on which drafting a report re- quired under subparagraph (A) is commenced and after the date on which the draft of the report is completed. ‘‘(ii) OPPORTUNITY FOR COMMENT.—There shall be an opportunity for public comment for a period beginning on the date on which the report is sub- mitted under subparagraph (A) and ending on the date that is 60 days after the date on which the report is submitted. ‘‘(C) REVIEW BY COMPTROLLER GENERAL.—The Sec- retary of the Treasury, Chairman of the Board of Governors of the Federal Reserve System, and the Director of the Federal Insurance Office shall sub- mit to the Comptroller General of the United States the report described in subparagraph (A) for review. ‘‘(4) REPORT ON INCREASE IN TRANSPARENCY.—Not later than 180 days after the date of enactment of this Act [May 24, 2018], the Chairman of the Board of Gov- ernors of the Federal Reserve System and the Sec- retary of the Treasury, or their designees, shall sub- mit to Congress a report and provide testimony to Congress on the efforts of the Chairman and the Sec- retary to increase transparency at meetings of the International Association of Insurance Supervisors.’’ § 314. Covered agreements (a) AUTHORITY.—The Secretary and the United States Trade Representative are authorized, jointly, to negotiate and enter into covered agreements on behalf of the United States. (b) REQUIREMENTS FOR CONSULTATION WITH CONGRESS.— (1) IN GENERAL.—Before initiating negotia- tions to enter into a covered agreement under subsection (a), during such negotiations, and before entering into any such agreement, the Secretary and the United States Trade Rep- resentative shall jointly consult with the Committee on Financial Services and the Committee on Ways and Means of the House of Representatives and the Committee on Bank- ing, Housing, and Urban Affairs and the Com- mittee on Finance of the Senate. (2) SCOPE.—The consultation described in paragraph (1) shall include consultation with respect to— (A) the nature of the agreement; (B) how and to what extent the agreement will achieve the applicable purposes, poli- cies, priorities, and objectives of section 313 and this section; and (C) the implementation of the agreement, including the general effect of the agree- ment on existing State laws. (c) SUBMISSION AND LAYOVER PROVISIONS.—A covered agreement under subsection (a) may enter into force with respect to the United States only if— (1) the Secretary and the United States Trade Representative jointly submit to the congressional committees specified in sub- section (b)(1), on a day on which both Houses of Congress are in session, a copy of the final legal text of the agreement; and (2) a period of 90 calendar days beginning on the date on which the copy of the final legal text of the agreement is submitted to the con- gressional committees under paragraph (1) has expired. (Added Pub. L. 111–203, title V, § 502(a)(3), July 21, 2010, 124 Stat. 1588.) Statutory Notes and Related Subsidiaries EFFECTIVE DATE Section effective 1 day after July 21, 2010, except as otherwise provided, see section 4 of Pub. L. 111–203, set out as a note under section 5301 of Title 12, Banks and Banking. § 315. Continuing in office When the term of office of an officer of the De- partment of the Treasury ends, the officer may continue to serve until a successor is appointed and qualified. (Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 880, § 309; renumbered § 310, Pub. L. 101–73, title III, § 307(a)(1), Aug. 9, 1989, 103 Stat. 352; renumbered § 311, Pub. L. 107–56, title III, § 361(a)(1), Oct. 26, 2001, 115 Stat. 329; renumbered § 312, Pub. L. 108–177, title I, § 105(a)(1)(A), Dec. 13, 2003, 117 Stat. 2603; renumbered § 315, Pub. L. 111–203, title V, § 502(a)(1), July 21, 2010, 124 Stat. 1580.) HISTORICAL AND REVISION NOTES Revised Section Source (U.S. Code) Source (Statutes at Large) 309 .......... 31:1016. Mar. 2, 1895, ch. 187 (1st par. under heading ‘‘Treasury Department’’), 28 Stat. 844. In the section, the words ‘‘When the term of office . . . ends’’ are substituted for ‘‘whose terms of office have expired or shall expire’’ for consistency and to eliminate unnecessary words. The words ‘‘may con- tinue to serve’’ are substituted for ‘‘The Secretary of the Treasury is authorized and directed to pay’’, ‘‘and who have been performing or shall perform the duties of their respective offices after the date of such expira- tion’’, and ‘‘the salary, compensation, fees, or emolu- ments authorized or provided by law in each case for the respective incumbents of the offices’’ because of 25 Op. Atty. Gen. 636 (1906) and for consistency with other titles of the United States Code. The words ‘‘until a successor is appointed and qualified’’ are substituted for ‘‘before the appointment and qualification of their successors’’ and 31:1016 (last sentence) for consistency with other titles of the Code. Editorial Notes AMENDMENTS 2010—Pub. L. 111–203 renumbered section 312 of this title as this section. 2003—Pub. L. 108–177 renumbered section 311 of this title as this section. 2001—Pub. L. 107–56 renumbered section 310 of this title as this section. 1989—Pub. L. 101–73 renumbered section 309 of this title as this section. Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF 2010 AMENDMENT Amendment by Pub. L. 111–203 effective 1 day after July 21, 2010, except as otherwise provided, see section 4 of Pub. L. 111–203, set out as an Effective Date note under section 5301 of Title 12, Banks and Banking. § 316. Treasury Attache´ Program (a) IN GENERAL.—There is established the Treasury Financial Attache´ Program, under which the Secretary of the Treasury shall ap-