Under Secretary for Economic, Business, and Agricultural Affairs
is an undersecretary
position within the United States Department of State
. The Under Secretary for Economic, Business, and Agricultural Affairs serves as senior economic advisor at the State Department and advises the Secretary of State
on international economic policy
. The Under Secretary also leads the work of the Department on trade, agriculture, aviation, and bilateral trade
relations with America's economic partners. The Bureau of Economic, Energy and Business Affairs
(formerly the Bureau of Economic and Business Affairs) is the only bureau under the Under Secretary. The current Under Secretary is Robert Hormats
, who was sworn in on September 23, 2009.
An Act of Congress first authorized an Under Secretary of State for Economic Affairs
on August 1, 1946, for a 2-year period as the third-ranking officer in the Department. The position was not renewed, however, and between 1947 and 1958 the ranking officer in the Department handling foreign economic matters was either a Deputy Under Secretary or an Assistant Secretary of State. On June 30, 1958, Congress re-established the position of Under Secretary for Economic Affairs in the Mutual Security Act
. The following year, the Department of State Organization Act of July 30, 1959, authorized the President to appoint either an Under Secretary for Political Affairs
or an Under Secretary for Economic Affairs.
Between 1959 and 1972, during periods when there was no... Read More