Executive Order 11176 Constitutional Neutral (+0.02)

Executive Order 11176—Inspection of Certain Interest Equalization Tax Information Returns by the Board of Governors of the Federal Reserve System and the Federal Reserve Banks

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Thursday, September 3, 1964

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1 min read (196 words)

Plain-English Translation & Framers' Constitutional Analysis

Early Statesman synthesis distilling legal jargon into practical meaning, statutory anchors, and structural constitutional impacts.

This executive order, signed by President Lyndon B. Johnson on 1964-09-03, establishes federal administrative policy concerning "Inspection of Certain Interest Equalization Tax Information Returns by the Board of Governors of the Federal Reserve System and the Federal Reserve Banks." It is a direct, concise executive instruction delivering focused administrative or military commands to department leadership.

Constitutional Assessment: This action represents an orderly exercise of Article II administrative discretion, managing the internal machinery and personnel of the executive branch without abridging the ancient liberties of the people.

Key Directives & Operative Actions

▪ Such inspection shall be in accordance and upon compliance with the rules and regulations prescribed by the Secretary of the Treasury in a Treasury decision, relating to inspection of certain interest equalization tax information returns by the Board of Governors of the Federal Reserve System and the Federal Reserve Banks, approved by me this date.

▪ This order shall be effective upon its filing for publication in the Federal Register.

Constitutional & Societal Entities Impacted

🏛️ Sovereign State Governments & Localities 🏛️ Private Citizens & Property Owners 🏛️ Foreign Nations & International Entities 🏛️ Financial Institutions & Monetary Authorities

Total Words

196

1,181 characters

Estimated Read Time

1 min

@ 200 words / min

Flesch-Kincaid

16.8

Post-Grad reading level

Constitutional Polarity

+0.02

Framers' Alignment index

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Scholarly & Legal Citations

Exec. Order No. 11176, Lyndon B. Johnson (Sep 3, 1964). Available at https://executiveordersarchive.org/orders/app-executive-order-11176-inspection-certain-interest-equalization-tax-information-returns-the.

Official Document Text

Source: The American Presidency Project (UCSB Archive)

Original Source →

By virtue of the authority vested in me by section 6103(a) of the Internal Revenue Code of 1954 (68A Stat. 753; 26 U.S.C. 6103(a)) as amended by section 3 of the Interest Equalization Tax Act, approved September 2, 1964 (Public Law 88-563), it is hereby ordered that any information return made by a commercial bank with respect to loans and commitments to foreign obligors under section 6011 (d) (2) of the Internal Revenue Code of 1954, as added by section 3(a) of the Interest Equalization Tax Act, shall be open to inspection by the Board of Governors of the Federal Reserve System and the Federal Reserve Banks in the interest of sound administration of the interest equalization tax. Such inspection shall be in accordance and upon compliance with the rules and regulations prescribed by the Secretary of the Treasury in a Treasury decision, relating to inspection of certain interest equalization tax information returns by the Board of Governors of the Federal Reserve System and the Federal Reserve Banks, approved by me this date. This order shall be effective upon its filing for publication in the Federal Register. LYNDON B. JOHNSON The White House, September 3, 1964.