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LegalText 22 U.S.C. § 290i1 Governor and Alternate Governor us united_states_code code_section 22 FOREIGN RELATIONS AND INTERCOURSE 7 INTERNATIONAL BUREAUS, CONGRESSES, ETC. 290i1 22 U.S.C. § 290i1 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc22@119-100.zip /us/usc/t22/s290i1 data/legal/raw/us/code/title-22/usc22.xml 1b6151d9daf226b8a9438b226b186a42c6dc81e7b59804eab399475d8e463e6a b9c63ede722f5e0bf8eabfe9029e06e312ab9bcfd95c4d1424ed515baff1df83 98223819efb9e823b1308b38039d90b0b2a095099320bfb7b7de792150a4b6ab 2026-07-04 official
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22 U.S.C. § 290i1 - Governor and Alternate Governor

Text

(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 Governors 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. 9735, title XIII, § 1333, Aug. 13, 1981, 95 Stat. 741; Pub. L. 101513, title V, § 562(b)(3), Nov. 5, 1990, 104 Stat. 2034; Pub. L. 112166, § 2(z)(1), Aug. 10, 2012, 126 Stat. 1289.)

Notes

Editorial Notes

Amendments2012—Pub. L. 112166 substituted “The President shall appoint a Governor and an Alternate Governor of the Bank—” and pars. (1) and (2) for “The President, by and with the advice and consent of the Senate, shall appoint a Governor, an Alternate Governor, and a Director of the Bank.” in subsec. (a), redesignated second and third sentences of subsec. (a) as (b), and redesignated former subsecs. (b) and (c) as (c) and (d), respectively. 1990—Subsec. (a). Pub. L. 101513 substituted “Governor, an Alternate Governor, and a Director” for “Governor and an Alternate Governor”.

Statutory Notes and Related Subsidiaries

Effective Date of 2012 AmendmentAmendment by Pub. L. 112166 effective 60 days after Aug. 10, 2012, and applicable to appointments made on and after that effective date, including any nomination pending in the Senate on that date, see section 6(a) of Pub. L. 112166, set out as a note under section 113 of Title 6, Domestic Security.

Executive Documents

Delegation of Functions Functions of President under subsec. (c) delegated to Secretary of the Treasury, see Ex. Ord. No. 12403, Feb. 8, 1983, 48 F.R. 6087.