From the Wall Street Journal:
The White House is expected Thursday to unveil the largest overhaul of intelligence powers in a generation, spelling out the responsibilities of each intelligence agency in the wake of several reforms following the 2001 terrorist attacks, according to government officials familiar with the plans.President George W. Bush signed the executive order updating spy powers Wednesday, the officials said. Designed to bolster the power of the director of national intelligence, the revision has been a source of significant turf battles among intelligence agencies, which fear the rewrite of spy powers is coming at their expense.
Congress created the intelligence director's post as part of a series of intelligence reforms in 2004, but the extent of his authority has been a constant source of debate among intelligence officials and lawmakers.
The overhaul gives the intelligence director a greater role in hiring and firing agency heads, authority to remove barriers to intelligence sharing, and the responsibility for overseeing the acquisition of expensive programs such as new spy satellites, according to documents reviewed by The Wall Street Journal. It also hands the intelligence director more power to direct midlevel intelligence officers.
The executive order can be found on the White House website.