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15 U.S.C. § 3101 — Exercise of rulemaking powers
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.
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Stable record: federal_law:legal_authorities:record_usc_5b71ceb07070937439b2af9a
Source file: Laws/federal/codes/united-states-code/title-15/section-3101-exercise-of-rulemaking-powers--1db4e64b8a.md
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Source location: Title 15, Chapter 58, § 3101; chapter-058-full-employment-and-balanced-growth.md
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**(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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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) 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
Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 1022
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Federal law — U.S. Code and appendices · legal_authorities
**(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
Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 1022a
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Analysis of goals** To aid in determining the short-term and medium-term goals for employment, production, real income, and prices, analysis shall be presented in the Economic Report with respect to major aspects of the appropriate composition or structure of each goal, and as to the appropriate apportionment of total national production among its major components (private investment, consumer expenditures, and public outlays) as affected by relative income flows and other factors, in order to promote balanced growth and a balanced Federal budget, reduce cyclical disturbances, and achieve the other purposes of 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.].
**(b) Means to achieve goals** In choosing means to achieve the goal for the reduction of unemployment and choosing means to achieve the goal of reasonable price stability, those means which are mutually reinforcing shall be used to the extent practicable.
Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 1022b
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Federal law — U.S. Code and appendices · legal_authorities
To contribute to the achievement of the goals under 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 President’s Budget for each fiscal year beginning after October 27, 1978, shall include priority policies and programs, which shall include, to the extent deemed appropriate by the President, consideration of the following—
(A) development of energy sources and supplies, transportation, and environmental improvement;
(B) proper attention to the problems and needs of smaller businesses including (i) the availability of investment capital, management and technical expertise, and technology and labor needs, (ii) analysis of economic and social trends which may affect smaller businesses, (iii) government policies and programs (including agency regulations and excessive paperwork requirements) that may create undue hardship for or reduce the competitiveness of smaller businesses, and (iv) other policies and programs to remove barriers to competition and to strengthen and promote the creation and growth of smaller businesses;
(C) development of a comprehensive national agricultural policy that assures—
(i) production levels adequate to meet the nutritional needs of all Americans and respond to rising food requirements throughout the world;
(ii) farm and ranch income at full parity levels that will improve opportunities for farm families, encourage production, provide for essential capital investment in farming, and provide for farm prices at full parity in the market place;
(iii) renewed commitment to the protection and conservation of rural land and water through support for improved conservation practices and research, and atte
Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 1022c
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Recommendations** The President’s Budget shall recommend levels of outlays and receipts which shall be consistent with the short-term economic goals of [section 1022(a)(2)(A) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section1022/a/2/A&num=0&edition=prelim).
**(b) Five-year projections of outlays and receipts** The President’s Budget shall provide five-year projections of outlays and receipts consistent with the medium-term goals of [section 1022a(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section1022a/b&num=0&edition=prelim).
**(c) Inclusion in Economic Report of President; purposeful development of expenditure and revenue elements; considerations governing determination of size of President’s expenditures and revenue proposals** The principal elements in the President’s Budget shall be set forth briefly in each Economic Report, toward the end of making clear the relationship between the President’s Budget and the goals and policies set forth in such Economic Report. Both the expenditure and revenue elements of the President’s Budget shall be developed to promote the purposes, policies, and goals 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 size of the President’s expenditure and revenue proposals, and the relationships between such proposals, shall be determined in a manner which gives consideration to the needs of the economy and the people in the priority areas set forth in [section 1022c of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section1022c&num=0&edition=prelim), and the relationship betwe
Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 1022d
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Federal law — U.S. Code and appendices · legal_authorities
**(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.
Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 1022f
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Federal law — U.S. Code and appendices · legal_authorities
**(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 f
Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 1023
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Federal law — U.S. Code and appendices · legal_authorities
Not later than one year after October 27, 1978, the Committee on Labor and Human Resources of the Senate and the Committee on Education and Labor of the House of Representatives each shall conduct a study and submit a report, including findings and recommendations, to the Committee on Rules and Administration of the Senate and the Committee on Rules of the House, respectively, on the subject of establishing a full employment goal in connection with the provisions of this chapter.
Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 3112
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Establishment of procedures for review and action** The purposes of this subchapter are to establish procedures for congressional review and action with respect to the Economic Report of the President (hereafter in this subchapter referred to as the “Economic Report”), the report of the Board of Governors of the Federal Reserve System, and the other policies and provisions of this chapter and the Employment Act of 1946 [[15 U.S.C. 1021](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section1021&num=0&edition=prelim) et seq.].
**(b) Legislative action** The Congress shall initiate or develop such legislation as it deems necessary to implement proposals and objectives pursuant to this chapter and the Employment Act of 1946 [[15 U.S.C. 1021](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section1021&num=0&edition=prelim) et seq.] after such modification in such proposals as it deems desirable. Nothing in this subchapter shall be construed to prevent the Congress or any of its committees from considering or initiating at any time legislative action in furtherance of the goals and purposes of this chapter.
Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 3151
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