Assistant Secretary of the Treasury for Financial Stability

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Timothy Massad, Assistant Secretary of the Treasury for Financial Stability since 2010.

The Assistant Secretary of the Treasury for Financial Stability is the head of the Office of Financial Stability in the United States Department of the Treasury.

The position was created in 2008 by the Emergency Economic Stabilization Act of 2008, the act that created the Office of Financial Stability to administer the Troubled Asset Relief Program.

By law, the Assistant Secretary of the Treasury for Financial Stability is appointed by the President of the United States with the advice and consent of the United States Senate.[1] During a vacancy, the United States Secretary of the Treasury is authorized to appoint an Acting Assistant Secretary of the Treasury for Financial Stability.[1]

List of Assistant Secretaries of the Treasury for Financial Stability[edit]

Name Assumed Office Left Office President Appointed By Secretary Served Under
Neel Kashkari (Acting)[2][3][4] October 6, 2008 May 1, 2009 Henry Paulson
Timothy Geithner
Herbert M. Allison[5] June 2009 September 2010 Barack Obama Timothy Geithner
Timothy Massad [6] September 2010 Present Barack Obama Timothy Geithner
Jack Lew

References[edit]

  1. ^ a b Pub.L. 110-343 §101(a)(3)(A)
  2. ^ Savage, Charlie; White, Ben (October 9, 2008). "Bailout Role Elevates U.S. Official". The New York Times. Retrieved May 20, 2010. 
  3. ^ "Biography of Neel Kashkari". U.S. Treasury. October 6, 2008. 
  4. ^ Rucker, Patrick (October 6, 2008). "Treasury names rescue program chief". Reuters. 
  5. ^ Profile from WhoRunsGov.org
  6. ^ From Treasury Dept. website