The Assistant Secretary of the Treasury for Management, Chief Financial Officer, and Chief Performance Officer (ASM/CFO/CPO) is the principal policy advisor to the Secretary and Deputy Secretary on the development and execution of the budget for the Department of the Treasury and the internal management of the Department and its bureaus. The ASM/CFO/CPO also oversees Department-wide management programs including human resources, information and technology management, financial management and accounting, strategic planning, performance budgeting/metrics, acquisition/procurement, training, human capital and workforce management, equal employment opportunity (EEO), environmental health and safety, emergency preparedness, small business programs, and administrative services for Treasury's headquarters, the Departmental Offices.
| Assistant Secretary of Treasury for Management | |
|---|---|
 Seal of the United States Department of the Treasury | |
 Flag of the Assistant Secretary of Treasury | |
 Incumbent since July 2024Aditi Hardikar (Acting) | |
| U.S. Department of the Treasury | |
| Reports to | The United States Deputy Secretary of the Treasury |
| Seat | Washington, D.C. |
| Appointer | The President |
| Term length | No fixed term |
| Website | www |
The Office of the ASM/CFO has broad responsibilities in the Departmental Offices and Department-wide, exercising management and financial authorities for the Secretary and the Deputy Secretary under various delegations, as well as authorities provided by statute or at the direction of the Secretary or Deputy Secretary. The Chief Financial Officers Act of 1990 mandated the establishment of Chief Financial Officers (CFO)[1] in federal agencies at the Assistant Secretary level. Historically, the Assistant Secretary for Management is also appointed by the President as the CFO, creating the position of ASM/CFO. The ASM has also been appointed as the Chief Performance Officer[2] for the Department.
The ASM is a presidentially appointed position. Until 2012, the position required Senate confirmation. The CFO position continues to require Senate confirmation, but the Senate has not confirmed any nominations for the position since the 2009 confirmation of Dan Tangherlini, and the President has not sent any nominations for the position since 2016. The ASM reports directly to the Secretary, through the Deputy Secretary. Until about 1985, the position was called the Assistant Secretary for Administration but included similar duties, absent CFO duties. As a senior management official in the Department, the ASM/CFO has an active role in the oversight of the bureaus. This role is enhanced due to the ASM/CFO’s responsibilities for the Department’s budget, as well as Department-wide policy.
The responsibilities of the ASM have evolved over the years. In the late 1990s, for example, the ASM/CFO supervised the Mint, the Bureau of Engraving and Printing, and the Treasurer of the United States, as well as the Office of Security, which included some of the duties of what would become the Office of Terrorism and Financial Intelligence in 2004. The Office of the ASM/CFO also played a key transition role following the passage of the Homeland Security Act of 2002, when several Treasury bureaus transferred to the Department of Homeland Security and the Justice Department.
Officeholders
edit| Name | In office | Appointed by President | Secretary served under |
|---|---|---|---|
| George Muñoz | 1993–1997 | William J. Clinton | |
| Nancy Killefer | 1997–1999 | William J. Clinton | |
| Lisa Ross | 2000–2001 | William J. Clinton | |
| Edward R. Kingman | 2001–2002 | George W. Bush | |
| Teresa Mullet Ressel | Nov 2002 – Feb 2004 | George W. Bush | |
| Sandra L. Pack | Aug 2005 – Dec 2006 | George W. Bush | |
| Peter B. McCarthy | August 2007 – January 20, 2009 | George W. Bush | Henry Paulson |
| Dan Tangherlini | July 2009 – April 2, 2012 | Barack Obama | Timothy Geithner |
| Nani A. Coloretti | November 16, 2012 – December 8, 2014 | Barack Obama | Timothy Geithner
Jacob J. Lew |
| Brodi Fontenot | January 2015 – June 2016 | Barack Obama | Jacob J. Lew |
| Kody H. Kinsley | July 2016 – March 2018 | Barack Obama | Jacob J. Lew
Steven T. Mnuchin |
| David F. Eisner | April 2018 – January 20, 2021 | Donald Trump | Steven T. Mnuchin |
| Anna Canfield Roth (acting) | August 2022 – February 2023 | Joe Biden | Janet Yellen |
| Anna Canfield Roth | February 2023 – July 2024 | Joe Biden | Janet Yellen |
| Aditi Hardikar (acting) | July 2024 – Present | Joe Biden | Janet Yellen |
See also
editReferences
edit- ^ "Chief Financial Officers Council". cfo.gov. Retrieved 2017-03-05.
- ^ "Performance Improvement Officers | PIC.gov". www.pic.gov. Retrieved 2017-03-05.