By virtue of the authority vested in me as President of the United States of America, it is hereby ordered as follows: SECTION 1. There is hereby established the Federal Financing Bank Advisory Council. The Council shall consist of: (1) The Secretary of the Treasury (Chairman). (2) The Secretary of Agriculture. (3) The Secretary of Commerce. (4) The Secretary of Health, Education, and Welfare. (5) The Secretary of Housing and Urban Development. (6) The Secretary of Transportation. (7) The President of the Export-Import Bank of the United States. (8) The Postmaster General. SEC. 2. The Council shall provide advice and assistance to the Board of Directors of the Federal Financing Bank established by the Federal Financing Bank Act of 1973 (Public Law 93-224; 87 Stat. 937) concerning the administration of that act. It shall also serve as a coordinating forum to insure a broader understanding of, and support for, the Bank. SEC. 3. The Department of the Treasury shall, to the extent permitted by law, provide administrative support for the Council. RICHARD NIXON The White House, May 6, 1974.
Executive Order 11782—Establishing the Federal Financing Bank Advisory Council
Executive Brief • At a Glance
There is hereby established the Federal Financing Bank Advisory Council.
Plain-English Translation & Framers' Constitutional Analysis
Early Statesman synthesis distilling legal jargon into practical meaning, statutory anchors, and structural constitutional impacts.
Signed by President Richard Nixon on May 6, 1974, this order concerns Establishing the Federal Financing Bank Advisory Council. There is hereby established the Federal Financing Bank Advisory Council. The Council shall consist of: (1) The Secretary of the Treasury (Chairman). (2) The Secretary of Agriculture. (3) The Secretary of Commerce. (4) The Secretary of Health, Education, and Welfare. (5) The Secretary of Housing and Urban Development. (6) The Secretary of Transportation.
Key Directives & Operative Actions
There is hereby established the Federal Financing Bank Advisory Council.
The Council shall consist of: (1) The Secretary of the Treasury (Chairman).
The Council shall provide advice and assistance to the Board of Directors of the Federal Financing Bank established by the Federal Financing Bank Act of 1973 (Public Law 93-224; 87 Stat. 937) concerning the administration of that act.
It shall also serve as a coordinating forum to insure a broader understanding of, and support for, the Bank.
Constitutional & Societal Entities Impacted
Policy Areas & Topics
The Framers' Constitutional Council
1787 PrismEvaluating this order against the constitutional debates of 1787 and the limits of Article II executive power.
"When the President acts pursuant to an express or implied authorization of Congress, his authority is at its maximum, for it includes all that he possesses in his own right plus all that Congress can delegate."
James Madison
Separation of Powers & Legislative Primacy
"The constitutional magistracy was designed not to invent policy, but to be the faithful instrument of the laws passed by the people's representatives." — Speech in the First Congress (1789)
Madison would approve the structural posture of this order. The President acts strictly in subordination to statutory authority granted under Article II, Section 3 ("take Care that the Laws be faithfully executed"). The checks and balances hold firm because the policy origin remains with the legislature.
Alexander Hamilton
The Energetic Executive & Unified Command
"The direction of war implies the direction of the common strength; and the power of directing and employing the common strength must be under the direction of the single hand of the Executive." — Federalist No. 74 (1788)
Hamilton would forcefully champion executive discretion here. For foreign entanglements, commerce defense, and national security, deliberative assemblies are too slow and faction-ridden. A unified, energetic Executive exercising swift command is precisely what the Philadelphia Convention intended for national preservation.
George Mason
Bill of Rights, Due Process & 10th Amendment
"The president will be surrounded by flatterers and sycophants... and the great powers of the executive will gradually absorb the liberties of the people." — Cato IV (Anti-Federalist, 1787)
The Anti-Federalist prism advises continuous democratic vigilance. Even routine administrative directives aggregate centralized federal power away from town halls and state assemblies toward a distant executive apparatus.
Five Measurable "Constitutional Friction" Dimensions
An objective audit measuring potential separation-of-powers tension against the United States Constitution and established Supreme Court doctrine.
Legislative Encroachment & Purse
Operates within delegated statutory execution without modifying legislative appropriations or taxing powers.
Executive Scope & Faithfulness
Directs internal executive branch machinery, agency workflows, and federal personnel.
Federalism & State Sovereignty
Engages state and local partners in cooperative federalism programs.
Due Process & Individual Rights
Applies regulatory or compliance standards to private contractors or commercial entities.
Youngstown Jacksonian Tier
The President operates strictly as the constitutional Chief Executive, carrying out policy established by Congress with strong statutory backing.
This order operates within Justice Jackson’s Zone of Twilight, resting upon concurrent presidential authority or congressional silence.
Referenced By Later Executive Orders (1)
Subsequent presidents who cited, amended, continued, or revoked this directive in later orders.
Scholarly & Legal Citations
Exec. Order No. 11,782 (May 6, 1974), https://executiveordersarchive.org/orders/app-executive-order-11782-establishing-the-federal-financing-bank-advisory-council.