the appropriate committees of the Senate on any trends or developments which may have national policy implications and which in the President's opinion warrant the review of the respective committees.

AUTHORIZATIONS OF APPROPRIATIONS

SEC. 9. To carry out this Act, there is authorized to be appropriated $4,000,000 for the fiscal year ending September 30, 1979.

Sec. 1 of Public Law 95-381 (92 Stat. 726) increased the authorization figure for fiscal year 1979 from $1,000,000 to $4,000,000. The FY 1978 authorization had been $1,000,000.

d. Executive Order 11961, January 19, 1977, 42 F.R. 4321 ADMINISTRATION OF THE INTERNATIONAL INVESTMENT SURVEY ACT OF

1976

By virtue of the authority vested in me by the International Investment Survey Act of 1976 (90 Stat. 2059, 22 U.S.C. 3101), and section 301 of title 3 of the United States Code, and as President of the United States of America, it is hereby ordered as follows:

Section 1. All the functions vested in the President by the International Investment Survey Act of 1976 (90 Stat. 2059, 22 U.S.C. 3101), hereinafter referred to as the Act, are hereby delegated to the Director of the Office of Management and Budget, hereinafter referred to as the Director. The Director may, from time to time, designate other officers or agencies of the Federal Government to perform any or all of the functions hereby delegated to the Director, subject to such instructions, limitations, and directions as the Director deems appropriate.

Sec. 2. Subject to the provisions of section 1 of this order, and in the absence of any contrary delegation or direction by the Director, the Secretary of the Treasury, with respect to portfolio investment shall perform the functions set forth in sections 4(a) (1), (2), (4) and 4 (c) of the Act.

Sec. 3. Subject to the provisions of section 1 of this order, and in the absence of any contrary delegation or direction by the Director, the Secretary of Commerce, with respect to direct investment, shall perform the functions set forth in sections 4 (a) (1), (2), (4) and 4 (b) of the Act.

Sec. 4. Subject to the provisions of section 1 of this order, and in the absence of any contrary delegation or direction by the Director, the Council on International Economic Policy shall perform the function of making periodic reports to the Committees of the Congress as set forth in Section 4 (a) (3) of the Act.

(174)

e. Executive Order 11962, January 19, 1977, 42 F.R. 4323

ESTABLISHING THE PRESIDENT'S ADVISORY BOARD ON INTERNATIONAL INVESTMENT

By virtue of the authority vested in me by the Constitution and statutes of the United States of America, including section 8(a) of the International Investment Survey Act of 1976 (90 Stat. 2064, 22 U.S.C. 3107), and as President of the United States of America, in accordance with the provisions of the Federal Advisory Committee Act (5) U.S.C. App. I) it is hereby ordered as follows:

Section 1. (a) There is hereby established the President's Advisory Board on International Investment, hereinafter referred to as the Board which shall be composed of not more than fifteen members who shall be appointed by the President. Each member shall serve for a term limited to the remaining life of the Board as determined at the time of appointment.

(b) The President shall designate a Chairman and Vice Chairman from among the members.

Sec. 2. (a) Whenever requested, the Board shall advise the Executive Director of the Council on International Economic Policy, hereinafter referred to as the Executive Director, the Director of the Office of Management and Budget, and the heads of other agencies, with respect to matters relating to the performance of their functions under the International Investment Survey Act of 1976 (90 Stat. 2059, 22 U.S.C. 3101).

(b) In making its recommendations, the Board shall give due consideration to the usefulness of data to be collected as compared to the burden imposed on those who are to furnish the data.

Sec. 3. (a) The Executive Director shall, to the extent permitted by law, provide administrative and staff services, support, and facilities for the Board.

(b) The Executive Director shall appoint an Executive Secretary for the Board.

Sec. 4. Members of the Board may be compensated for their services in accord with 5 U.S.C. 3109, and may, to the extent permitted by law, be allowed travel expenses, including per diem in lieu of subsistence, as authorized by law (5 U.S.C. 5702 and 5703) for persons in the government service employed intermittently.

Sec. 5. Notwithstanding the provisions of any other Executive order, the functions of the President under the Federal Advisory Committee Act (5 U.S.C. App. I), except that of reporting annually to the Congress which are applicable to the Board, shall be performed by the Executive Director in accordance with guidelines and procedures established by the Office of Management and Budget.

Sec. 6. The Board shall terminate on December 31, 1978, unless sooner extended.

8. Resolution With Respect to the World Food Situation

Considered and agreed to by the House [H. Res. 1399, 93d Congress]

December 9, 1974.

RESOLUTION

Whereas the current world food supply, including reserves, is dangerously low, with millions of people in South Asia and in the African Sahel facing famine; and

Whereas higher prices for food, energy, and fertilizer, together with 'fertilizer shortages, are causing particular hardship to poor developing nations; and

Whereas rapid population growth aggravates food shortages, and declines in population growth rates historically have been associated with economic and social progress; and

Whereas the American people have a long and proud tradition of combating hunger at home and abroad; and

Whereas it is in the interest of the United States and of all other nations to overcome food shortages, which cause human suffering, breed economic and political instability, and raise food prices both at home and abroad; and

Whereas the world community has recognized the dimensions of the crisis by convening the World Population Conference and the World Food Conference this year; and

Whereas President Ford in his address to the 1974 United Nations General Assembly recognized the urgency of the world food crisis and pledged (1) substantially increased United States assistance to agricultural production programs in other countries, (2) United States support for an international system of food reserves, and (3) increased United States spending for food shipments to needy nations: Now, therefore, be it Resolved, That it is the sense of the House of Representatives that

(1) the United States should vigorously pursue efforts to help poor countries (A) increase agriculture production, especially through labor intensive, small farm agriculture, (B) promote economic and social development programs, and (C) assist in population programs, when requested, including continued encouragement of voluntary family planning; and

(2) increased food aid should be provided as needed to meet specific short-term emergencies; and

(3) planning should be undertaken immediately by appropriate Government agencies to enable the United States to provide the increased food aid, including plans to prevent any increased domestic inflation as a result of United States relief shipments; and

(4) all nations-including industrial and food-exporting countries, oil-exporting countries, and the developing countries themselves should join in the effort to combat food shortages; and

(5) international agreement should be sought for a system of food reserves to meet food shortage emergencies and to provide insurance against unexpected shortfalls in food production, with costs to be equitably shared and farmers given firm safeguards against market price disruption from such a system; and

(6) the President should encourage reduction in domestic consumption of fertilizer for nonfarm purposes in order to increase fertilizer supplies for the production of food in this country and in the developing countries, and should undertake efforts to stimulate increased world fertilizer production both here and abroad.