[United States Senate Manual, 113th Congress]
[S. Doc. 113-1]
[USCODETITLE]
[Pages 956-958]
[From the U.S. Government Publishing Office, www.gpo.gov]
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TITLE 15.--COMMERCE AND TRADE
Chapter 21.--NATIONAL POLICY ON EMPLOYMENT
1230 Sec. 1022. Economic Report of President; coverage;
supplementary reports; reference to Congressional joint
committee; percentage rate of unemployment; definitions.
(a) The President shall annually transmit to the
Congress not later than 10 days after the submission of the
budget under section 1105(a) of title 31, United States
Code, with copies transmitted to the Governor of each State
and to other appropriate State and local officials, an
economic report (hereinafter in this chapter referred to as
the ``Economic Report'') together with the annual report of
the Council of Economic Advisers submitted in accord with
section 1023(c) of this title, setting forth--
(1) the current and foreseeable trends in
the levels of employment, unemployment,
production, capital formation, real income,
Federal budget outlays and receipts,
productivity, international trade and payments,
and prices, and a review and analysis of recent
domestic and international developments
affecting economic trends in the Nation;
(2)(A) annual numerical goals for employment
and unemployment, production, real income,
productivity, Federal outlays as a proportion of
gross national product, and prices for the
calendar year in which the Economic Report is
transmitted and for the following calendar year,
designated as short-term goals, which shall be
consistent with achieving as rapidly as feasible
the goals of full employment and production,
increased real income, balanced growth, fiscal
policies that would establish the share of an
expanding gross national product accounted for
by Federal outlays at the lowest level
consistent with national needs and priorities, a
balanced Federal budget, adequate productivity
growth, price stability, achievement of an
improved trade balance, and proper attention to
national priorities; and
(B) annual numerical goals as specified in
subparagraph (A) for the three successive
calendar years, designated as medium term goals;
(3) employment objectives for certain
significant subgroups of the labor force,
including youth, women, minorities, handicapped
persons, veterans, and middle-aged and older
persons; and
(4) a program for carrying out the policy
declared in section 1021 of this title, together
with such recommendations for legislation as the
President may deem necessary or desirable.
(b) The President may transmit from time to time to the
Congress reports supplementary to the Economic Report, each
of which shall include such supplementary or revised
recommendations as he may deem necessary or desirable to
achieve the policy declared in section 1021 of this title.
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(c) The Economic Report, and all supplementary reports
transmitted under subsection (b) of this section, shall,
when transmitted to Congress, be referred to the joint
committee created by section 1024 of this title.
(d) For the purposes of the Full Employment and Balanced
Growth Act of 1978, [15 U.S.C.A. Sec. 3101 et seq.], the
percentage rate of unemployment as a percentage of the
civilian labor force as set forth by the Bureau of Labor
Statistics in the Department of Labor as computed under the
procedures in effect as of October 27, 1978.
(e) For the purpose of the Full Employment and Balanced
Growth Act of 1978, [15 U.S.C.A. Sec. 3101 et seq.], the
terms ``inflation'', ``prices'', and ``reasonable price
stability'' refer to the rate of change or level of the
consumer price index as set forth by the Bureau of Labor
Statistics, United States Department of Labor. (Feb. 20,
1946, ch. 33, Sec. 3, 60 Stat. 24; Aug. 2, 1946, ch. 753,
Sec. 226, 60 Stat. 838; June 18, 1956, ch. 399, Sec. 1, 70
Stat. 289; Oct. 27, 1978, Pub.L. 95-523, Sec. 103, 92 Stat.
1892; May 10, 1979, Pub.L. 96-10, Sec. 6(d), 93 Stat. 24;
Nov. 5, 1990, Pub.L. 101-508, Title XIII, Sec. 13112(e), 104
Stat. 1388.)
1231 Sec. 1024. Joint Economic Committee.
(a) There is established a Joint Economic Committee, to
be composed of ten Members of the Senate, to be appointed by
the President of the Senate, and ten Members of the House of
Representatives, to be appointed by the Speaker of the House
of Representatives. In each case, the majority party shall
be represented by six Members and the minority party shall
be represented by four Members.
(b) It shall be the function of the joint committee--
(1) to make a continuing study of matters
relating to the Economic Report;
(2) to study means of coordinating programs
in order to further the policy of this chapter;
and
(3) as a guide to the several committees of
the Congress dealing with legislation relating
to the Economic Report, not later than March 1
of each year (beginning with the year 1947) to
file a report with the Senate and the House of
Representatives containing its findings and
recommendations with respect to each of the main
recommendations made by the President in the
Economic Report, and from time to time to make
such other reports and recommendations to the
Senate and House of Representatives as it deems
advisable.
(c) Vacancies in the membership of the joint committee
shall not affect the power of the remaining members to
execute the functions of the joint committee, and shall be
filled in the same manner as in the case of the original
selection. The joint committee shall select a chairman and a
vice chairman from among its members.
(d) The joint committee, or any duly authorized
subcommittee thereof, is authorized to hold such hearings as
it deems advisable, and, within the limitations of its
appropriations, the joint committee is empowered to appoint
and fix the compensation of such experts, consultants,
technicians, and clerical and stenographic assistants, to
procure such printing and binding, and to make such
expenditures, as it deems necessary and advisable. The cost
of stenographic services to report hearings of the joint
committee, or any subcommittee thereof, shall not exceed 25
cents per hundred words. The joint committee is authorized
to utilize
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the services, information, and facilities of the departments
and establishments of the Government, and also of private
research agencies.
(e) To enable the joint committee to exercise its
powers, functions, and duties there are authorized to be
appropriated for each fiscal year such sums as may be
necessary, to be disbursed by the Secretary of the Senate on
vouchers signed by the chairman or vice chairman, except
that vouchers shall not be required for the disbursement of
salaries of employees paid at an annual rate.
(f) Service of one individual, until the completion of
the investigation authorized by Senate Concurrent Resolution
26, Eighty-first Congress, as an attorney or expert for the
joint committee, in any business or professional field, on a
part-time basis, with or without compensation, shall not be
considered as service or employment bringing such individual
within the provisions of sections 281, 283, or 284 of title
18, or of any other Federal law imposing restrictions,
requirements, or penalties in relation to the employment of
persons, the performance of services, or the payment or
receipt of compensation in connection with any claim,
proceeding, or matter involving the United States. (Feb. 20,
1946, ch. 33, Sec. 5, 60 Stat. 25; Aug. 2, 1946, ch. 753,
Sec. 225, 60 Stat. 838; Feb. 2, 1948, ch. 42, 62 Stat. 16,
Oct. 6, 1949, ch. 627, Sec. Sec. 1, 2, 63 Stat. 721; June
18, 1956, ch. 399, Sec. 2, 70 Stat. 290; Feb. 17, 1959,
Pub.L. 86-1, 73 Stat. 3; Oct. 13, 1964, Pub.L. 88-661, 78
Stat. 1093; Jan. 25, 1967, Pub.L. 90-2, 81 Stat. 4; Dec. 27,
1974, Pub.L. 93-554, Sec. 101, 88 Stat. 1776.) (Note:
Section 5 of act of February 20, 1946, ch. 33, 60 Stat. 25
was redesignated Section 11 by Pub.L. 95-523, Title I,
Sec. 104, Oct. 27, 1978, 92 Stat. 1893.)
1232 Sec. 1025. Printing of monthly publication by Joint Economic
Committee entitled ``Economic Indicators'';
distribution.
The Joint Economic Committee is authorized to issue a
monthly publication entitled ``Economic Indicators'', and a
sufficient quantity shall be printed to furnish one copy to
each Member of Congress; the Secretary and the Sergeant at
Arms of the Senate; the Clerk, Sergeant at Arms, and Chief
Administrative Officer of the House of Representatives; two
copies to the libraries of the Senate and House, and the
Congressional Library; seven hundred copies to the Joint
Economic Committee; and the required number of copies to the
Superintendent of Documents for distribution to depository
libraries; and the Superintendent of Documents is authorized
to have copies printed for sale to the public. (June 23,
1949, ch. 237, 63 Stat. 264; Pub.L. 104-186, Title II,
Sec. 217, Aug. 20, 1996, 110 Stat. 1747.)
18 u.s.c.--crimes and criminal procedure
general and permanent laws relating to the senate