Page:Emergency Economic Stabilization Act of 2008.djvu/8

 O:L4YOL4YO08C04.xml 8 1 to carat out the authorities in this Act, including, without 2 limitation, the following: 3 (1) The Secretary shall have direct hiring au- 4 thority with respect to the appointment of employees 5 to administer this Act. 6 (2) Entering into contracts, including contracts 7 for scowices authorized by section 3109 of' title 8 United States Code. 9 (3) Desigmting financial institutions as finan- 10 eial agents of the Federal Government, and such in- 11 stitutions shall perform all such reasonable duties 12 related to this Act as financial agents of the Federal 13 Government as may be required. 14 (4) In order to provide the SecretroT with the 15 flexibility to manage troubled assets in a manner de- 16 signed to minimize cost to the taxpayers, estab- 17 lishing vehicles that are authorized, subject to super- 18 vision by the Secretary, to purchase, hold, and sell 19 troubled assets and issue obligations. 20 (5) Issuing such regulations and other guidance 21 as may be neeessmT or appropriate to define terms 22 or eamT out the authorities or pm?oses of this Act. 23 (d) POGAM GUDELNES.--Before the earlier of 24 the end of the 2-business-day period beginning on the date 25 of the first purchase of troubled assets pursuant to the

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