Executive Order 13501: Establishment of the President's Economic Recovery Advisory Board
President: Barack Obama
Created an outside advisory board to give the President independent advice during the financial crisis and recovery.
Status: Superseded.
Is Executive Order 13501 still in effect? No. Time-limited advisory board ended and was superseded by the President’s Council on Jobs and Competitiveness.
What does Executive Order 13501 do?
EO 13501 established the President’s Economic Recovery Advisory Board, chaired by Paul Volcker, to provide nonbinding advice on stabilization, growth, jobs and financial markets. The board was time-limited; EO 13564 replaced it in 2011 with a jobs and competitiveness council.
Before and after
Before the order
The incoming administration faced a severe recession without this external presidential advisory body.
After the order
Business, labor and academic members supplied recommendations during the early recovery.
Who had to do what
| Agency / office | Action | Timing / position |
|---|---|---|
| Board | Provide independent economic-policy advice | Completed |
| Treasury | Supply administrative support | Completed |
| Chair | Convene meetings and transmit recommendations | Completed |
What happened next
EO 13501 created the board.
EO 13564 established the successor jobs council.
Original two-year period reached.
Legal and source detail
How it works legally
Federal Advisory Committee Act transparency and administration rules applied; recommendations were not legally binding.
Sources by type
If a source is unavailable, first check the cited publisher or another official repository. The cited publisher remains the authority.
Primary and official sources
Orders, laws, court records and official implementation material.
- GSA — Federal Advisory Committee Act (opens in a new tab) Official record
How we checked this
Last checked against the sources above on September 15, 2026. How we research →