22 USC 290i-1 - Governor and Alternate Governor

U.S Code last checked for updates: Apr 19, 2024

§ 290i–1.

Governor and Alternate Governor

(a)

Appointment

The President shall appoint a Governor and an Alternate Governor of the Bank—

(1)

by and with the advice and consent of the Senate; or

(2)

from among individuals serving as officials required by law to be appointed by and with the advice and consent of the Senate.

(b)

Term; termination and reappointment

The term of office for the Governor and the Alternate Governor shall be five years, subject at any time to termination of appointment or to reappointment. The Governor and Alternate Governor shall remain in office until a successor has been appointed.

(c)

Compensation and expenses

No person shall be entitled to receive any salary or other compensation from the United States for services as a Governor or Alternate Governor, except for reasonable expenses to attend meetings of the Board of Governors.

(d)

Voting

The Governor, or in the Governor’s absence the Alternate Governor, on the instructions of the President, shall cast the votes of the United States for the Director to represent the United States in the Bank.

(Pub. L. 97–35, title XIII, § 1333, Aug. 13, 1981, 95 Stat. 741; Pub. L. 101–513, title V, § 562(b)(3), Nov. 5, 1990, 104 Stat. 2034; Pub. L. 112–166, § 2(z)(1), Aug. 10, 2012, 126 Stat. 1289.)

cite as: 22 USC 290i-1