Chuck Grassley: “it is clear that the Secretary of the Treasury presently possesses the authority to administer the Federal alcohol and…”

“it is clear that the Secretary of the Treasury presently possesses the authority to administer the Federal alcohol and tobacco statutes referenced in the bill before us. These authorities currently are delegated to the Bureau of Alcohol, Tobacco and Firearms and now will be delegated to the new Tax and Trade Bureau. I appreciate this colloquy to confirm that the language in section 1111(c) (1) concerning the transfer to the Department of Justice not only excludes the authorities, functions, personnel, and assets of the Bureau of Alcohol, Tobacco and Firearms that will be retained within the Department of the Treasury as set forth in paragraph (2) of this section, but also excludes the functions of the Secretary of the Treasury that relate to these retained authorities, functions, personnel, and assets.”