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15 U.S.C. § 1023 — Council of Economic Advisers

Federal law — U.S. Code and appendices · legal_authorities

15 U.S.C. § 1023 — Council of Economic Advisers

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Stable record: federal_law:legal_authorities:record_usc_4f99117a452b03610ae19e69
Source file: Laws/federal/codes/united-states-code/title-15/section-1023-council-of-economic-advisers--4eb2daaeb5.md
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Source location: Title 15, Chapter 21, § 1023; chapter-021-national-policy-on-employment-and-productivity.md

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**(a) Creation; composition; qualifications; chairman and vice chairman** (1) **Creation** — There is created in the Executive Office of the President a Council of Economic Advisers (hereinafter called the “Council”). (2) **Composition** — The Council shall be composed of three members, of whom— (A) 1 shall be the chairman who shall be appointed by the President by and with the advice and consent of the Senate; and (B) 2 shall be appointed by the President. (3) **Qualifications** — Each member shall be a person who, as a result of training, experience, and attainments, is exceptionally qualified to analyze and interpret economic developments, to appraise programs and activities of the Government in the light of 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), and to formulate and recommend national economic policy to promote full employment, production, and purchasing power under free competitive enterprise. (4) **Vice chairman** — The President shall designate 1 of the members of the Council as vice chairman, who shall act as chairman in the absence of the chairman. **(b) Employment of specialists, experts, and other personnel** The Council is authorized to employ, and fix the compensation of, such specialists and other experts as may be necessary for the carrying out of its functions under this chapter, without regard to the civil-service laws, and is authorized, subject to the civil-service laws, to employ such other officers and employees as may be necessary for carrying out its functions under this chapter, and fix their compensation in accordance with chapter 51 and subchapter III of chapter 53 of title 5. **(c) Duties** It shall be the duty and function of the Council— (1) to assist and advise the President in the preparation of the Economic Report; (2) to gather timely and authoritative information concerning economic developments and economic trends, both current and prospective, to analyze and interpret such information in the light of 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) for the purpose of determining whether such developments and trends are interfering, or are likely to interfere, with the achievement of such policy, and to compile and submit to the President studies relating to such developments and trends; (3) to appraise the various programs and activities of the Federal Government in the light of 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) for the purpose of determining the extent to which such programs and activities are contributing, and the extent to which they are not contributing, to the achievement of such policy, and to make recommendations to the President with respect thereto; (4) to develop and recommend to the President national economic policies to foster and promote free competitive enterprise including small and larger business, to avoid economic fluctuations or to diminish the effects thereof, and to maintain full employment, production, and purchasing power; (5) to make and furnish such studies, reports thereon, and recommendations with respect to matters of Federal economic policy and legislation as the President may request. **(d) Annual report** The Council shall make an annual report to the President in December of each year. **(e) Consultation with other groups and agencies; utilization of Government services and private research agencies** In exercising its powers, functions and duties under this chapter— (1) the Council may constitute such advisory committees and may consult with such representatives of industry, agriculture, labor, consumers, State and local governments, and other groups, as it deems advisable, and shall consult with the board or boards established under [section 1022f of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section1022f&num=0&edition=prelim); (2) the Council shall, to the fullest extent possible, utilize the services, facilities, and information (including statistical information) of other Government agencies as well as of private research agencies, in order that duplication of effort and expense may be avoided. In its work under this chapter and 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 Council is authorized and directed to seek and obtain the cooperation of the various executive and independent agencies in the development of specialized studies essential to its responsibilities. **(f) Appropriations** To enable the Council to exercise its powers, functions, and duties under this chapter, there are authorized to be appropriated such sums as may be necessary.

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Federal law — U.S. Code and appendices · legal_authorities

15 U.S.C. § 1022f — Advisory board or boards

**(a) Establishment** An advisory board or boards (including regional advisory boards) may be established as the President deems appropriate, to advise and consult periodically with one or more of the following: The President, the Council of Economic Advisers, and such other departments and agencies of the executive branch of the Federal Government as the President shall determine. **(b) Composition; duties; compensation** Such advisory board or boards shall include appropriate representation of labor, small and larger businesses and industries, agriculture, consumers, State and local officials, and the public at large, and shall advise and consult with respect to matters related to this chapter, the Full Employment aand 11 So in original. Probably should be “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.], and other appropriate matters related to national economic programs and policies. The President shall, in accordance with applicable provisions of law, take the steps necessary to provide appropriate compensation to the members of such advisory board or boards.

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5 U.S.C. § 5102 — Definitions; application

**(a)** For the purpose of this chapter— (1) “agency” means— (A) an Executive agency; (B) the Library of Congress; (C) the Botanic Garden; (D) the Government Publishing Office; (E) the Office of the Architect of the Capitol; and (F) the government of the District of Columbia; but does not include— (i) a Government controlled corporation; (ii) the Tennessee Valley Authority; (iii) the Virgin Islands Corporation; (iv) the Atomic Energy Commission; (v) the Central Intelligence Agency; (vi) the National Security Agency, Department of Defense; (vii) the Government Accountability Office; (viii) the Office of the Director of National Intelligence; (ix) the Defense Intelligence Agency, Department of Defense; or (x) the National Geospatial-Intelligence Agency, Department of Defense; (2) “employee” means an individual employed in or under an agency; (3) “position” means the work, consisting of the duties and responsibilities, assignable to an employee; (4) “class” or “class of positions” includes all positions which are sufficiently similar, as to— (A) kind or subject-matter of work; (B) level of difficulty and responsibility; and (C) the qualification requirements of the work; to warrant similar treatment in personnel and pay administration; and (5) “grade” includes all classes of positions which, although different with respect to kind or subject-matter of work, are sufficiently equivalent as to— (A) level of difficulty and responsibility; and (B) level of qualification requirements of the work; to warrant their inclusion within one range of rates of basic pay in the General Schedule. **(b)** Except as provided by subsections (c) and (d) of this section, this chapter applies to all civilian positions and

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5 U.S.C. § 1013 — Termination of advisory committees

**(a) In General.—** (1) **Advisory committees in existence on january 5, 1973.—** — Each advisory committee that is in existence on January 5, 1973, shall terminate not later than the expiration of the 2-year period following that date unless— (A) in the case of an advisory committee established by the President or an officer of the Federal Government, such advisory committee is renewed by the President or that officer by appropriate action prior to the expiration of such 2-year period; or (B) in the case of an advisory committee established by an Act of Congress, its duration is otherwise provided for by law. (2) **Advisory committees established after january 5, 1973.—** — Each advisory committee established after January 5, 1973, shall terminate not later than the expiration of the 2-year period beginning on the date of its establishment unless— (A) in the case of an advisory committee established by the President or an officer of the Federal Government 11 So in original. Probably should be followed by a comma. such advisory committee is renewed by the President or such officer by appropriate action prior to the end of such period; or (B) in the case of an advisory committee established by an Act of Congress, its duration is otherwise provided for by law. **(b) Charters.—** (1) **Upon renewal.—** — Upon the renewal of an advisory committee, the advisory committee shall file a charter in accordance with [section 1008(c) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section1008/c&num=0&edition=prelim). (2) **Upon expiration of successive 2-year periods.—** — An advisory committee established by an Act of Congress shall file a charter in accordance with [section 1008(c) of this title](https://uscode.house.gov/view.x

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5 U.S.C. § 901 — Purpose

**(a)** The Congress declares that it is the policy of the United States— (1) to promote the better execution of the laws, the more effective management of the executive branch and of its agencies and functions, and the expeditious administration of the public business; (2) to reduce expenditures and promote economy to the fullest extent consistent with the efficient operation of the Government; (3) to increase the efficiency of the operations of the Government to the fullest extent practicable; (4) to group, coordinate, and consolidate agencies and functions of the Government, as nearly as may be, according to major purposes; (5) to reduce the number of agencies by consolidating those having similar functions under a single head, and to abolish such agencies or functions thereof as may not be necessary for the efficient conduct of the Government; and (6) to eliminate overlapping and duplication of effort. **(b)** Congress declares that the public interest demands the carrying out of the purposes of subsection (a) of this section and that the purposes may be accomplished in great measure by proceeding under this chapter, and can be accomplished more speedily thereby than by the enactment of specific legislation. **(c)** It is the intent of Congress that the President should provide appropriate means for broad citizen advice and participation in restructuring and reorganizing the executive branch. **(d)** The President shall from time to time examine the organization of all agencies and shall determine what changes in such organization are necessary to carry out any policy set forth in subsection (a) of this section.

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15 U.S.C. § 1021 — Congressional declarations

**(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

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15 U.S.C. § 3101 — Exercise of rulemaking powers

**(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.

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6 U.S.C. § 113 — Use of appropriated funds

Notwithstanding any other provision of this chapter, any report, notification, or consultation addressing directly or indirectly the use of appropriated funds and stipulated by this chapter to be submitted to, or held with, the Congress or any Congressional committee shall also be submitted to, or held with, the Committees on Appropriations of the Senate and the House of Representatives under the same conditions and with the same restrictions as stipulated by this chapter.

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20 U.S.C. § 887d — Repealed. Pub. L. 95–561, title III, § 301(b)(1)(F), Nov. 1, 1978, 92 Stat. 2228

### Statutory Notes Section, Pub. L. 89–10, title VIII, § 811, as added Pub. L. 92–318, title V, § 505(a)(3), June 23, 1972, 86 Stat. 348; amended Pub. L. 93–380, title IV, § 407(a), Aug. 21, 1974, 88 Stat. 553, related to consumers’ education programs. #### Effective Date of Repeal Repeal effective Sept. 30, 1979, see section 301(b)(1) of Pub. L. 95–561. #### Congressional Declaration of Findings and Purpose Pub. L. 92–318, § 505(a)(1), (2), June 23, 1972, 86 Stat. 348, provided the findings and purpose of Congress for this section.

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5 U.S.C. § 5103 — Determination of applicability

The Office of Personnel Management shall determine finally the applicability of [section 5102 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section5102&num=0&edition=prelim) to specific positions and employees, except for positions and employees in the Office of the Architect of the Capitol.

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15 U.S.C. § 1022a — Medium-term economic goals and policies respecting full employment and balanced growth

**(a) Incorporation of necessary programs and policies** In each Economic Report after October 27, 1978, the President shall incorporate (as part of the five-year numerical goals in each Economic Report) medium-term annual numerical goals specified in [section 1022(a)(2)(B) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section1022/a/2/B&num=0&edition=prelim), and in each President’s Budget submitted immediately prior thereto, the President shall incorporate the programs and policies the President deems necessary to achieve such medium-term goals and a balanced Federal budget and to achieve reasonable price stability as rapidly as feasible as provided for 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) Interim numerical goals for initial Economic Reports** The medium-term goals in the first three Economic Reports and, subject to the provisions of subsection (d), in each Economic Report thereafter shall include (as part of the five-year goals in each Economic Report) interim numerical goals for— (1) reducing the rate of unemployment, as set forth pursuant to [section 1022(d) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section1022/d&num=0&edition=prelim), to not more than 3 per centum among individuals aged twenty and over and 4 per centum among individuals aged sixteen and over within a period not extending beyond the fifth calendar year after the first such Economic Report; (2) reducing the rate of inflation, as set forth pursuant to [section 1022(e) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section1022/e&num=0&edition=prelim), to not more than 3 per

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