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Note: An Annual Comprehensive Review, as required by §7 of the Federal Advisory Committee Act, is conducted each year on committee data entered for the previous fiscal year (referred to as the reporting year). The data for the reporting year is not considered verified until this review is complete and the data is moved to history for an agency/department. See the Data From Previous Years section at the bottom of this page for the committee’s historical, verified data.

Details on agency responses to committee recommendations can be found under the Performance Measures section for each committee in the fields “Agency Feedback” and “Agency Feedback Comment.”

TRES - 43007 - President's Economic Recovery Advisory Board - Presidential


Committee NamePresident's Economic Recovery Advisory BoardAgency NameDepartment of the Treasury
Fiscal Year2011Committee Number43007
Original Establishment Date Committee StatusTerminated
Actual Termination Date1/31/2011Committee URL
New Committee This FYNoPresidential Appointments*Yes
Terminated This FYYesMax Number of Members*17
Current Charter Date2/26/2009Designated Fed Officer Position Title*Special Assistant
Date Of Renewal Charter2/26/2011Designated Federal Officer Prefix
Projected Termination Date2/6/2011Designated Federal Officer First Name*John
Exempt From Renewal*NoDesignated Federal Officer Middle Name
Specific Termination AuthorityPresidential Executive Order 13564Designated Federal Officer Last Name*Oxtoby
Establishment Authority*PresidentialDesignated Federal Officer Suffix
Specific Establishment Authority*Presidential Executive Order 13501Designated Federal Officer Phone*(202) 622-4363
Effective Date Of Authority*2/6/2009Designated Federal Officer Fax*202-622-2310
Exempt From EO 13875 Discretionary Cmte Designated Federal Officer Email*
Committee Type*Continuing
Committee Function*Non Scientific Program Advisory Board


Agency Recommendation*Terminate
Legislation to Terminate RequiredNo
Legislation Status 
How does cmte accomplish its purpose?*The committee will solicit information and ideas from across the country and from all sectors of our economy about the functioning of the economy, the condition of the financial and banking system, and the prosperity of the American people and of American industry that can serve to inform the decisionmaking of the President, and, with respect to matters deemed appropriate by the President, provide information and recommendations to any other agency with responsibilities related to the economy or financial markets or to the National Economic Council.
How is membership balanced?*The PERAB consists of not more than 17 members serving two-year terms, appointed by the President, from among individuals not employed by the Federal Government. In selecting individuals for appointment to the PERAB, appropriate consideration was given to individuals with backgrounds from various sectors of the economy. Each individual member of the PERAB serves either as a representative of his or her industry, trade group, or other organization or group, or as a special government employee. The composition of the PERAB reflects a diverse set of perspectives from across the country.
How frequent & relevant are cmte mtgs?*It is estimated that the PERAB will meet at least quarterly; however, the PERAB shall meet at regular intervals as necessary to carry out its duties.
Why advice can't be obtained elsewhere?*To enhance the strength and competitiveness of the Nation's economy and the prosperity of the American people by ensuring the availability of independent, nonpartisan information, analysis, and advice to the President as he formulates and implements his plans for economic recovery.
Why close or partially close meetings?N/A
Recommendation RemarksEO 13501 revoked by EO 13564 "President's Council on Jobs and Competitiveness"


Outcome Improvement To Health Or Safety*NoAction Reorganize Priorities*No
Outcome Trust In GovernmentYesAction Reallocate ResourcesNo
Outcome Major Policy ChangesYesAction Issued New RegulationsNo
Outcome Advance In Scientific ResearchNoAction Proposed LegislationNo
Outcome Effective Grant MakingNoAction Approved Grants Or Other PaymentsNo
Outcome Improved Service DeliveryNoAction OtherNo
Outcome Increased Customer SatisfactionNoAction Comment
Outcome Implement Laws/Reg RequirementsYesGrants Review*No
Outcome OtherNoNumber Of Grants Reviewed 
Outcome CommentNumber Of Grants Recommended 
Cost Savings*Less Than $100,000Dollar Value Of Grants Recommended 
Cost Savings CommentGrants Review Comment
Number Of Recommendations*5Access Contact Designated Fed. Officer*Yes
Number Of Recommendations CommentThe committee has submitted three memos to the President as recommendations regarding energy and climate change policy, home retrofits for economic growth and energy efficiency,infrastructure investment, tax reform, and workforce trainingAccess Agency WebsiteNo
% of Recs Fully Implemented*0.00%Access Committee WebsiteNo
% of Recs Fully Implemented CommentLegislation has not passed through Congress yet on the formal recommendations from PERAB.Access GSA FACA WebsiteNo
% of Recs Partially Implemented*50.00%Access PublicationsNo
% of Recs Partially Implemented CommentImplementation depends on legislation passed through Congress, which is uncertain.Access OtherYes
Agency Feedback*Not ApplicableAccess CommentThrough the White House blog at
Agency Feedback Comment*Feedback would be provided after legislation is passed by Congress.Narrative Description*The functions of the PERAB are advisory only. PERAB meets regularly and solicits information and ideas from across the country and from all sectors of our economy about the functioning of the economy, the condition of the financial and banking system, and the prosperity of the American people and of American industry. PERAB reports directly to the President on the design, implementation, and evaluation of policies to promote the growth of the American economy. As deemed appropriate by the President, this analysis and information shall be provided to the Chairman of the Board of Governors of the Federal Reserve System, to any other agency with responsibilities related to the economy or financial markets, or to the National Economic Council.
Hide Section - COSTS


Payments to Non-Federal Members*$0.00Est Payments to Non-Fed Members Next FY*$0.00
Payments to Federal Members*$0.00Est. Payments to Fed Members Next FY*$0.00
Payments to Federal Staff*$15,000.00Estimated Payments to Federal Staff*$0.00
Payments to Consultants*$0.00Est. Payments to Consultants Next FY*$0.00
Travel Reimb. For Non-Federal Members*$2,562.00Est Travel Reimb Non-Fed Members nextFY*$0.00
Travel Reimb. For Federal Members*$0.00Est Travel Reimb For Fed Members*$0.00
Travel Reimb. For Federal Staff*$512.00Est. Travel Reimb to Fed Staff Next FY*$0.00
Travel Reimb. For Consultants*$0.00Est Travel Reimb to Consultants Next FY*$0.00
Other Costs$0.00Est. Other Costs Next FY*$0.00
Total Costs$18,074.00Est. Total Next FY*$0.00
Date Cost Last Modified Est. Fed Staff Support Next FY*0.00
Federal Staff Support (FTE)*0.00Est Cost Remarks
Cost Remarks  
Hide Section - Interest Areas

Interest Areas

No interest areas selected for this committee.


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Data from Previous Years

ActionCommittee System IDCommittee NameFiscal Year
 COM-009520President's Economic Recovery Advisory Board2010
 COM-010425President's Economic Recovery Advisory Board2009