It was consolidated into the Department of State as part of the Foreign Affairs Reform and Restructuring Act of 1998 as an agency with an administrator and responsibility for administrating the distribution of aid under certain preexisting laws. So it is straightforwardly outside of the authority of the president to disband the agency, as Congress has provided that it shall exist. And it is likewise outside of the authority of the president to reduce it to an inactive status, as it has certain Congressionally-established responsibilities that it must perform.https://uscode.house.gov/view.xhtml?path=/prelim@title22/cha...
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