Page Council of Economic Advisers to the President... 11 (a) Creation; composition; qualification; selection of chairman and 11 (b) Employement of specialists, experts, and other personnel 11 11 (a) Composition..... (b) Functions (d) Annual report. (e) Consultation with other groups and agencies; utilization of gov- (f) Appropriations.... Joint Economic Committee.. (c) Vacancies; selection of chairman and vice chairman. 12 12 12 13 13 13 14 (d) Hearings; employment and compensation of personnel; cost of 14 (e) Appropriations... Joint Resolution of June 23, 1949 Full Employment and Balanced Growth Act of 1968 Sections with references to the JEC. Section 302. Committee review (a) JEC to review and analyze short-term and medium-term 14 14 17 17 22 22 (d) JEC report to be submitted to Committees on the Budget of (a) Amends Section 301(c) of the Congressional Budget Act of Act in full... Short title. General findings National Employment Conference (b) JEC hearings to receive testimony from Members of Con- 22 23 23 23 23 24 24 25 Report 26 Title I-Establishment of goals and general economic policies.. 27 Statement of purpose 27 Declaration of policy 27 Economic Report of the President and short-term economic goals 29 Full employment and balanced growth: Medium-term economic 30 Provisions applicable to short-term and medium-term goals.. 32 National priority policies and programs required for full employ- Title II-Structural economic policies and programs, including treat- Statement of purpose Countercyclical employment policies. Coordination with State and local government and private sector Regional and structural employment policies. Youth employment policies... Job training, counseling and reservoirs of employment projects. 26 36 39 Title III-Policies and procedures for congressional review. Statement of purpose Committee review.. Review of Economic Report as part of congressional budget proc ess... Modification of timetable for achieving unemployment goals. Title IV-General provisions.. Nondiscrimination. Labor standards..... Congressional Budget Act of 1974.. Sections with references to the JEC. Section 301. Adoption of first concurrent resolution.. (c) JEC to submit to Committees on the Budget of both Houses (d) Goals of JEC report to be considered part of Budget Commit- Act in full... Page 41 41 41 42 43 44 44 44 45 47 47 47 Short titles Declaration of purposes. Definitions..... Title I-Establishment of House and Senate Budget Committees.. Budget Committee of the Senate Title II-Congressional Budget Office Establishment of Office...... Duties and functions Public access to budget data. Title III-Congressional budget process. Adoption of first concurrent resolution Matters to be included in joint statement of managers; reports by First concurrent resolution on the budget must be adopted before Permissible revisions of concurrent resolutions on the budget Legislation dealing with congressional budget must be handled House committee action on all appropriation bills to be complet- Reports, summaries, and projections of congressional budget ac- 67 67 69 70 71 71 71 73 Completion of action on bills providing new budget authority and 79 Second required concurrent resolution and reconciliation process. 80 Title IV-Additional provisions to improve fiscal procedures.. 82 82 Reporting of authorizing legislation.. Analysis by Congressional Budget Office. Jurisdiction of Appropriations Committees. Title V-Change of fiscal year. Fiscal year to begin October 1. Transition to new fiscal year. Accounting procedures..... Conversion of authorizations of appropriations. Technical amendment.... 83 85 85 86 Allowances for supplemental budget authority and uncontrolla- Page Title VI-Amendments to Budget and Accounting Act, 1921 88 88 Midyear review... 89 Five-year budget projections. 89 89 90 90 90 90 90 91 91 92 92 Budget data based on continuation of existing level of services... Year-ahead requests for authorization of new budget authority.. Review and evaluation by standing committees.. Title IX-Miscellaneous provisions; effective dates. Conforming amendments to standing rules of the Senate. Effective dates Application of congressional budget process to fiscal year 1976...... Title X-Impoundment control.. Part A-General provisions. Disclaimer. Amendment to Antideficiency Act Repeal of existing impoundment reporting provision. Definitions Rescission of budget authority. Disapproval of proposed deferrals of budget authority. Transmission of messages; publication 100 Reports by Comptroller General 101 Suits by Comproller General... 101 Procedure in House and Senate 102 Rules of the Joint Economic Committee 105 Current membership of the Joint Economic Committee and its subcommit tees, 99th Congress..... 109 Membership of the Joint Economic Committee, 1946 to 1984. 111 Part B-Congressional consideration of proposed rescissions, res- EMPLOYMENT ACT OF 1946, AS AMENDED, WITH RELATED LAWS (60 Stat. 23) [PUBLIC LAW 304-79TH CONGRESS] AN ACT To declare a national policy on employment, production, and purchasing power, and for other purposes Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SHORT TITLE SECTION 1. This Act may be cited as the "Employment Act of 1946". DECLARATION OF POLICY SEC. 2. (a) The Congress hereby declares that it is the continuing policy and responsibility of the Federal Government to use all practicable means, consistent with its needs and obligations and other essential national policies, and with the assistance and cooperation of both small and larger businesses, agriculture, labor, and State and local governments, to coordinate and utilize all its plans, functions, and resources for the purpose of creating and maintaining, in a manner calculated to foster and promote free competitive enterprise and the general welfare, conditions which promote useful employment opportunities, including self-employment, for those able, willing, and seeking to work, and promote full employment and production, increased real income, balanced growth, a balanced Federal budget, adequate productivity growth, proper attention to national priorities, achievement of an improved trade balance through increased exports and improvement in the international competitiveness of agriculture, business, and industry, and reasonable price stability as provided in section 5(b) of this Act. (b) The Congress further declares and establishes as a national goal the fulfillment of the right to full opportunities for useful paid employment at fair rates of compensation of all individuals able, willing, and seeking to work. (c) The Congress further declares that inflation is a major national problem requiring improved government policies relating to food, energy, improved and coordinated fiscal and monetary management, the reform of outmoded rules and regulations of the Federal Government, the correction of structural defects in the economy that prevent or seriously impede competition in private markets, and other measures to reduce the rate of inflation. (d) The Congress further declares that it is the purpose of the Full Employment and Balanced Growth Act of 1978 to improve the coordination and integration of the policies and programs of the Federal Government toward achievement of the objectives of such Act through better management, increased efficiency, and attention to long-range as well as short-range problems and to balancing the Federal budget. (e) The Congress further declares that, although it is the purpose under the Full Employment and Balanced Growth Act of 1978 to seek diligently and to encourage the voluntary cooperation of the private sector in helping to achieve the objectives of such Act, no provisions of such Act or this Act shall be used, with respect to any portion of the private sector of the economy, to provide for Federal Government control of production, employment, allocation of resources, or wages and prices, except to the extent authorized under other Federal laws. (f) The Congress further declares that it is the purpose of the Full Employment and Balanced Growth Act of 1978 to maximize and place primary emphasis upon the expansion of private employment, and all programs and policies under such Act shall be in accord with such purpose. Toward this end, the effort to expand jobs to the full employment level shall be in this order of priority to the extent consistent with balanced growth (1) expansion of conventional private jobs through improved use of general economic and structural policies, including measures to encourage private sector investment and capital formation; (2) expansion of private employment through Federal assistance in connection with the priority programs in such Act; (3) expansion of public employment other than through the provisions of section 206 of such Act; and (4) when recommended by the President under section 206 of such Act and subject to the limitations in such section, the creation of employment through the methods set forth in such section. (g) The Congress further declares that trade deficits are a major national problem requiring a strong national export policy including improved Government policies relating to the promotion, facilitation, and financing of commercial and agricultural exports, Government policies designed to reduce foreign barriers to exports through international negotiation and agreement, Federal support for research, development, and diffusion of new technologies to promote innovation in agriculture, business, and industry, the elimination or modification of Government rules or regulations that burden or disadvantage exports and the national and international competitiveness of agriculture, business, and industry, the reexamination of antitrust laws and policies when necessary to enable agriculture, business, and industry to meet foreign competition in the United States and abroad, and the achievement of a free and fair international trading system and a sound and stable international monetary order. (h) The Congress further declares that it is the purpose of the Full Employment and Balanced Growth Act of 1978 to achieve a balanced Federal budget consistent with the achievement of the medium-term goals specified in section 4. |