ExecutiveOrdersEO
MemoMemorandumBiden · D

Presidential Memorandum

Designation of Officials of the United States International Development Finance Corporation To Act as Chief Executive Officer

This memorandum establishes a new order of succession for the U.S. International Development Finance Corporation (DFC), designating nine officials to act as Chief Executive Officer in the event of a vacancy or incapacity. It revokes the January 8, 2021 succession memorandum issued by the prior administration.

Federal Register Open PDF 90 FR 2603

Impact dates

  1. Memorandum effective upon issuance

Key directives

  • Establish order of succession for DFC CEO position
  • Revoke January 8, 2021 Presidential Memorandum on DFC succession
  • Direct publication in Federal Register

Who is ordered

Timeline

Immediate

  • Revocation of January 8, 2021 memorandum takes effect
  • New succession order takes effect

Near term (90d)

—

Long term

  • DFC succession planning operates under new designated order

Risks & tensions

  • Revokes prior administration's succession order; political significance depends on context not stated in text
  • Section 2(c) preserves presidential flexibility to override this designation, limiting structural certainty
Presidential Memorandum: Designation of Officials of the United States International Development Finance Corporation To Act as Chief Executive Officer · Executive Orders