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15 U.S.C. § 1022 — Economic Report of President; coverage; supplementary reports; reference to Congressional joint committee; percentage rate of unemployment; definitions
Federal law — U.S. Code and appendices · legal_authorities
**(a) Time of submission; contents** 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](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title31-section1105/a&num=0&edition=prelim), 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](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section1023/c&num=0&edition=prelim), 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, achieveme
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Source file: Laws/federal/codes/united-states-code/title-15/section-1022-economic-report-of-president-coverage-supplementary-reports-reference-to--f4f5b7e005.md
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Source location: Title 15, Chapter 21, § 1022; chapter-021-national-policy-on-employment-and-productivity.md
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**(a) Time of submission; contents** 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](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title31-section1105/a&num=0&edition=prelim), 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](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section1023/c&num=0&edition=prelim), 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](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section1021&num=0&edition=prelim), together with such recommendations for legislation as the President may deem necessary or desirable.
**(b) Supplementary reports** 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](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section1021&num=0&edition=prelim).
**(c) Referral to joint committee** The Economic Report, and all supplementary reports transmitted under subsection (b), shall, when transmitted to Congress, be referred to the joint committee created by [section 1024 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section1024&num=0&edition=prelim).
**(d) Rate of unemployment** For the purposes of the Full Employment and Balanced Growth Act of 1978 [[15 U.S.C. 3101](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section3101&num=0&edition=prelim) et seq.] the percentage rate of unemployment as 11 So in original. Probably should be “is”. 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) “Inflation”; “prices”; “reasonable price stability” defined** For the purpose of the Full Employment and Balanced Growth Act of 1978 [[15 U.S.C. 3101](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section3101&num=0&edition=prelim) 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.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Generally** The Congress 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 1022b(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section1022b/b&num=0&edition=prelim).
**(b) Full opportunities for employment** 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) Inflation** 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 o
Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 1021
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** 11 So in original. No subsec. (b) has been enacted. The Provisions of this subchapter and the amendments made by such provisions are enacted by the Congress—
(1) as an exercise of the rulemaking power of the House of Representatives and the Senate, respectively, and as such they shall be considered as part of the rules of each House, respectively, or of that House to which they specifically apply, and such rules shall supersede other rules only to the extent that they are inconsistent therewith; and
(2) with full recognition of the constitutional right of either House to change such rules (so far as relating to such House), at any time, in the same manner and to the same extent as in the case of any other rule of such House.
Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 3101
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Composition** 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) Functions** 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; selection of chairman and vice chairman** 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) Hearings; employment and compensation of personnel; cost of stenographic services; utilization of Government services and private research agencies** The joint committee, or any duly authorized subcommittee thereof, is authorized to hold such
Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 1024
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Appointment of professional members; number; qualifications; termination of employment** Each standing committee of the Senate (other than the Committee on Appropriations) is authorized to appoint, by majority vote of the committee, not more than six professional staff members in addition to the clerical staffs. Such professional staff members shall be assigned to the chairman and the ranking minority member of such committee as the committee may deem advisable, except that whenever a majority of the minority members of such committee so request, two of such professional staff members may be selected for appointment by majority vote of the minority members and the committee shall appoint any staff members so selected. A staff member or members appointed pursuant to a request by the minority members of the committee shall be assigned to such committee business as such minority members deem advisable. Services of professional staff members appointed by majority vote of the committee may be terminated by a majority vote of the committee and services of professional staff members appointed pursuant to a request by the minority members of the committee shall be terminated by the committee when a majority of such minority members so request. Professional staff members authorized by this subsection shall be appointed on a permanent basis, without regard to political affiliation, and solely on the basis of fitness to perform the duties of their respective positions. Such professional staff members shall not engage in any work other than committee business and no other duties may be assigned to them.
**(b) Professional members for Committee on Appropriations; examinations of executive agencies’ operation** Subject to appropriations which it shall be in order to include in
Source: Supplied U.S. Code snapshot — release unconfirmed · 2 U.S.C. § 4301
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Omitted**
**(b) General statement of budget enforcement through sequestration** This subchapter provides for budget enforcement as called for in House Concurrent Resolution 84 (105th Congress, 1st session).
**(c) Definitions** As used in this subchapter:
(1) The terms “budget authority”, “new budget authority”, “outlays”, and “deficit” have the meanings given to such terms in section 3 of the Congressional Budget and Impoundment Control Act of 1974 [[2 U.S.C. 622](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title2-section622&num=0&edition=prelim)] and “discretionary spending limit” shall mean the amounts specified in [section 901 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title2-section901&num=0&edition=prelim).
(2) The terms “sequester” and “sequestration” refer to or mean the cancellation of budgetary resources provided by discretionary appropriations or direct spending law.
(3) The term “breach” means, for any fiscal year, the amount (if any) by which new budget authority or outlays for that year (within a category of discretionary appropriations) is above that category’s discretionary spending limit for new budget authority or outlays for that year, as the case may be.
(4)
(A) The term “nonsecurity category” means all discretionary appropriations not included in the security category defined in subparagraph (B).
(B) The term “security category” includes discretionary appropriations associated with agency budgets for the Department of Defense, the Department of Homeland Security, the Department of Veterans Affairs, the National Nuclear Security Administration, the intelligence community management account (95–0401–0–1–054), and all budget accounts in budget function 150 (international affairs).
(C
Source: Supplied U.S. Code snapshot — release unconfirmed · 2 U.S.C. § 900
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Federal law — U.S. Code and appendices · legal_authorities
**(a)**
(1) When requested by a committee of Congress having jurisdiction over receipts or appropriations, the President shall provide the committee with assistance and information.
(2) When requested by a committee of Congress, additional information related to the amount of an appropriation originally requested by an Office of Inspector General shall be submitted to the committee.
**(b)** When requested by a committee of Congress, by the Comptroller General, or by the Director of the Congressional Budget Office, the Secretary of the Treasury, the Director of the Office of Management and Budget, and the head of each executive agency shall—
(1) provide information on the location and kind of available fiscal, budget, and program information;
(2) to the extent practicable, prepare summary tables of that fiscal, budget, and program information and related information the committee, the Comptroller General, or the Director of the Congressional Budget Office considers necessary; and
(3) provide a program evaluation carried out or commissioned by an executive agency.
**(c)** In cooperation with the Director of the Congressional Budget Office, the Secretary, and the Director of the Office of Management and Budget, the Comptroller General shall—
(1) establish and maintain a current directory of sources of, and information systems for, fiscal, budget, and program information and a brief description of the contents of each source and system;
(2) when requested, provide assistance to committees of Congress and members of Congress in obtaining information from the sources in the directory; and
(3) when requested, provide assistance to committees and, to the extent practicable, to members of Congress in evaluating the information obtained from the sources in the directory
Source: Supplied U.S. Code snapshot — release unconfirmed · 31 U.S.C. § 1113
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Federal law — U.S. Code and appendices · legal_authorities
Page 1265
TITLE 15—COMMERCE AND TRADE
§ 1022
1 So in original. Probably should be ‘‘is’’.
§ 1022. Economic Report of President; coverage;
supplementary reports; reference to Congres-
sional joint committee; percentage rate of
unemployment; definitions
(a) Time of submission; contents
The President shall annually transmit to the
Congress not later than 10 days after the sub-
mission of the budget under section 1105(a) of
title 31, 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 Re-
port’’) together with the annual report of the
Council of Economic Advisers submitted in ac-
cord with section 1023(c) of this title, setting
forth—
(1) the current and foreseeable trends in the
levels of employment, unemployment, produc-
tion, 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 eco-
nomic trends in the Nation;
(2)(A) annual numerical goals for employ-
ment and unemployment, production, real in-
come, productivity, Federal outlays as a pro-
portion 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 employ-
ment and production, increased real income,
balanced growth, fiscal policies that would es-
tablish the share of an expanding gross na-
tional product accounted for by Federal out-
lays at the lowest level consistent with na-
tional needs and priorities, a b
Source: Supplied 2024 U.S. Code historical extraction · 15 U.S.C. § 1022
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.
Federal law — U.S. Code and appendices · legal_authorities
Page 1986
TITLE 15—COMMERCE AND TRADE
§ 3060
stance or method described in paragraph
(1)(B).
(Pub. L. 116–260, div. FF, title XII, § 1210, Dec. 27,
2020, 134 Stat. 3274.)
§ 3060. State delegation; cooperation
(a) State delegation
(1) In general
The Authority may enter into an agreement
with a State racing commission to implement,
within the jurisdiction of the State racing
commission, a component of the racetrack
safety program or, with the concurrence of the
anti-doping and medication control enforce-
ment agency under section 3054(e) of this title,
a component of the horseracing anti-doping
and medication control program, if the Au-
thority determines that the State racing com-
mission has the ability to implement such
component in accordance with the rules,
standards, and requirements established by
the Authority.
(2) Implementation by State racing commission
A State racing commission or other appro-
priate regulatory body of a State may not im-
plement such a component in a manner less
restrictive than the rule, standard, or require-
ment established by the Authority.
(b) Cooperation
To avoid duplication of functions, facilities,
and personnel, and to attain closer coordination
and greater effectiveness and economy in admin-
istration of Federal and State law, where con-
duct by any person subject to the horseracing
medication control program or the racetrack
safety program may involve both a medication
control or racetrack safety rule violation and
violation of Federal or State law, the Authority
and Federal or State law enforcement authori-
ties shall cooperate and share information.
(Pub. L. 116–260, div. FF, title XII, § 1211, Dec. 27,
2020, 134 Stat. 3274.)
CHAPTER 58—FULL EMPLOYMENT AND
BALANCED GROWTH
Sec.
3101.
Congressiona
Source: Supplied 2024 U.S. Code historical extraction · 15 U.S.C. § 3101
Stored review status: historical_2024_not_currentness_verified. The source passage cites 15 U.S.C. § 3101. This identifies an authority to review, not proof of applicability.