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15 U.S.C. § 3117 — Regional and structural employment policies and programs

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

15 U.S.C. § 3117 — Regional and structural employment policies and programs

**(a) Recommendation of legislation** To the extent deemed appropriate by the President in fulfillment of the purposes of [section 3111 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section3111&num=0&edition=prelim), the President shall recommend legislation to the Congress if necessary, regional and structural employment policies and programs. **(b) Private sector production and employment; effect of Federal policies** In formulating the regional components of any such programs, the President shall encourage to the extent the President deems necessary, new private sector production and employment to locate within depressed localities and regions with substantial unemployment and to aid in stabilizing their economic base. To the extent feasible, such policies and programs shall foster the establishment and growth of smaller businesses in such localities and regions. Any regional employment proposal of the President shall also include an analysis of the extent to which Federal tax, expenditure (including procurement of goods and services), defense, transportation, energy, natural resources and employment policies have influenced the movement of people, jobs, and small and larger business and industries from chronic high unemployment regions and areas, and proposals designed to correct Federal policies that have an adverse economic impact upon such regions and areas.

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Source file: Laws/federal/codes/united-states-code/title-15/section-3117-regional-and-structural-employment-policies-and-programs--138eb22422.md
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Source location: Title 15, Chapter 58, § 3117; chapter-058-full-employment-and-balanced-growth.md

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

15 U.S.C. § 3111 — Congressional findings

**(a)** The Congress finds that the Nation has suffered substantial unemployment and underemployment, idleness of other productive resources, high rates of inflation, and inadequate productivity growth, over prolonged periods of time, imposing numerous economic and social costs on the Nation. Such costs include the following: (1) The Nation is deprived of the full supply of goods and services, the full utilization of labor and capital resources, and the related increases in economic well-being that would occur under conditions of genuine full employment, production, and real income, balanced growth, a balanced Federal budget, and the effective control of inflation. (2) The output of goods and services is insufficient to meet pressing national priorities. (3) Workers are deprived of the job security, income, skill development, and productivity necessary to maintain and advance their standards of living. (4) Business and industry are deprived of the production, sales, capital flow, and productivity necessary to maintain adequate profits, undertake new investment, create jobs, compete internationally, and contribute to meeting society’s economic needs. These problems are especially acute for smaller businesses. Variations in the business cycle and low-level operations of the economy are far more damaging to smaller businesses than to larger business concerns because smaller businesses have fewer available resources, and less access to resources, to withstand nationwide economic adversity. A decline in small business enterprises contributes to unemployment by reducing employment opportunities and contributes to inflation by reducing competition. (5) Unemployment exposes many families to social, psychological, and physiological costs, including disruption of family life

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

15 U.S.C. § 3117 — Capital formation

Page 1991 TITLE 15—COMMERCE AND TRADE § 3131 and amendment by section 101(f) [title VIII, § 405(f)(10)] of Pub. L. 105–277 effective July 1, 2000, see section 101(f) [title VIII, § 405(g)(1), (2)(B)] of Pub. L. 105–277, set out as a note under section 3502 of Title 5, Government Or- ganization and Employees. § 3117. Capital formation (a) Congressional findings The Congress finds that— (1) promotion of full employment and bal- anced growth is in itself a principal avenue to high and sustained rates of capital formation; (2) high rates of capital formation are nec- essary to ensure adequate rates of capacity ex- pansion and productivity growth, compliance with governmental health, safety and environ- mental standards, and the replacement of ob- solete production equipment; (3) the ability of our economy to compete successfully in international markets, the de- velopment of new technology, improved work- ing conditions, expanding job opportunities, and an increasing standard of living depend on the availability of adequate capital at reason- able cost to commerce and industry; (4) an important goal of national policy shall be to remove obstacles to the free flow of re- sources into new investment, particularly those obstacles that hinder the creation and growth of smaller businesses because general national programs and policies to aid and stimulate private enterprise are not sufficient to deal with the special problems and needs of smaller businesses; and (5) while private business firms are, and should continue to be, the major source of in- vestment, the investment activities of the Federal, State, and local governments play an important role in affecting the level of output, employment, and productivity and in achiev- ing other national purpos

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