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15 U.S.C. § 3133 — Capital formation
Federal law — U.S. Code and appendices · legal_authorities
**(a) Congressional findings** The Congress finds that—
(1) promotion of full employment and balanced growth is in itself a principal avenue to high and sustained rates of capital formation;
(2) high rates of capital formation are necessary to ensure adequate rates of capacity expansion and productivity growth, compliance with governmental health, safety and environmental standards, and the replacement of obsolete production equipment;
(3) the ability of our economy to compete successfully in international markets, the development of new technology, improved working conditions, expanding job opportunities, and an increasing standard of living depend on the availability of adequate capital at reasonable cost to commerce and industry;
(4) an important goal of national policy shall be to remove obstacles to the free flow of resources 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 investment, 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 achieving other national purposes.
**(b) Investment Policy Report; recommendations in President’s Budget; referral to Joint Economic Committee** The Economic Report shall include an Investment Policy Report which shall, as appropriate, (1) review and assess existing Federal Government programs and policies which affect business investment decisions, including, but not limited to, the relevant aspects o
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Source location: Title 15, Chapter 58, § 3133; chapter-058-full-employment-and-balanced-growth.md
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**(a) Congressional findings** The Congress finds that—
(1) promotion of full employment and balanced growth is in itself a principal avenue to high and sustained rates of capital formation;
(2) high rates of capital formation are necessary to ensure adequate rates of capacity expansion and productivity growth, compliance with governmental health, safety and environmental standards, and the replacement of obsolete production equipment;
(3) the ability of our economy to compete successfully in international markets, the development of new technology, improved working conditions, expanding job opportunities, and an increasing standard of living depend on the availability of adequate capital at reasonable cost to commerce and industry;
(4) an important goal of national policy shall be to remove obstacles to the free flow of resources 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 investment, 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 achieving other national purposes.
**(b) Investment Policy Report; recommendations in President’s Budget; referral to Joint Economic Committee** The Economic Report shall include an Investment Policy Report which shall, as appropriate, (1) review and assess existing Federal Government programs and policies which affect business investment decisions, including, but not limited to, the relevant aspects of the tax code, Federal expenditure policy, Federal regulatory policy, international trade policy, and Federal support for research, development, and diffusion of new technologies; (2) provide an assessment of the levels of investment capital available, required by, and applied to small, medium and large business entities; (3) provide an analysis of current foreseeable trends in the level of investment capital available to such entities; and (4) provide a description of programs and proposals for carrying out the policy set forth in [section 1021(i) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section1021/i&num=0&edition=prelim). In addition, the Economic Report shall include an assessment of the effect of the overall economic policy environment and the rate of inflation on business investment. The President shall recommend in the President’s Budget, as appropriate, new programs or modifications to improve existing programs concerned with private capital formation. The President shall also transmit to the Congress as part of the President’s Budget such other recommendations as the President may deem necessary or desirable to achieve the policy as set forth in [section 1021(i) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section1021/i&num=0&edition=prelim). The Investment Policy Report, when transmitted to the Congress, shall be referred to the Joint Economic Committee.
**(c) Review in Economic Report of Federal policies and programs which affect public investments; recommendations respecting new policies or programs** The Economic Report referred to in subsection (b) shall review and assess Federal policies and programs which directly, or through grants-in-aid to State and local governments, or indirectly through other means, affect the adequacy, composition and effectiveness of public investments, as a means of achieving the goals 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.]. The President shall recommend, as appropriate, new programs and policies or modifications to improve existing Federal programs affecting public investment.
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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
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Exclusion from participation or denial of benefits** No person in the United States shall on the ground of sex, age, race, color, religion, national origin or handicap be excluded from participation in, be denied the benefits of, or be subjected to discrimination under any program or activity funded pursuant to the implementation of this chapter, including membership in any structure created by this chapter.
**(b) Noncompliance notification; remedies of Secretary of Labor** Whenever the Secretary of Labor determines that a recipient of funds made available pursuant to this chapter has failed to comply with subsection (a), or an applicable regulation, the Secretary shall notify the recipient of the noncompliance and shall request such recipient to secure compliance. If within a reasonable period of time, not to exceed sixty days, the recipient fails or refuses to secure compliance, the Secretary of Labor may—
(1) refer the matter to the Attorney General with a recommendation that an appropriate civil action be instituted;
(2) exercise the powers and functions provided by title VI of the Civil Rights Act of 1964 ([42 U.S.C. 2000d](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section2000d&num=0&edition=prelim) et seq.) 11 So in original. Probably should be followed by a semicolon. or
(3) take such other action as may be provided by law.
**(c) Civil action by Attorney General** When a matter is referred to the Attorney General pursuant to subsection (b), or whenever the Attorney General has reason to believe that a recipient is engaged in a pattern or practice in violation of the provisions of this section, the Attorney General may bring a civil action in the appropriate United States district court for any and all appropriate relief.
**(
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Federal law — U.S. Code and appendices · legal_authorities
Page 1263
TITLE 15—COMMERCE AND TRADE
§ 1021
July 5, 1935, ch. 372, 49 Stat. 449, which is classified gen-
erally to subchapter II (§ 151 et seq.) of chapter 7 of
Title 29, Labor. For complete classification of this Act
to the Code, see section 167 of Title 29 and Tables.
Act of June 25, 1938, as amended, known as the Fair
Labor Standards Act, referred to in text, is classified
generally to chapter 8 (§ 201 et seq.) of Title 29. For
complete classification of this Act to the Code, see sec-
tion 201 of Title 29 and Tables.
Act of June 5, 1920, known as the Merchant Marine
Act, 1920, referred to in text, is ch. 250, 41 Stat. 988,
which was classified principally to chapter 24 (§ 861 et
seq.) of former Title 46, Shipping, which became chap-
ter 24 of the former Appendix to Title 46. The Act was
substantially repealed and the provisions thereof re-
stated in Title 46, Shipping, by Pub. L. 98–89, Aug. 26,
1983, 97 Stat. 500, and Pub. L. 109–304, Oct. 6, 2006, 120
Stat. 1485. Section 29 of the Act was transferred and is
now classified to section 38 of Title 15, Commerce and
Trade. For complete classification of this Act to the
Code, see Tables. For disposition of sections of former
Title 46 and of the former Appendix to Title 46, see Dis-
position Table preceding section 101 of Title 46.
§ 1015. ‘‘State’’ defined
As used in this chapter, the term ‘‘State’’ in-
cludes the several States, Alaska, Hawaii, Puer-
to Rico, Guam, and the District of Columbia.
(Mar. 9, 1945, ch. 20, § 5, 59 Stat. 34; Aug. 1, 1956,
ch. 852, § 4, 70 Stat. 908.)
Editorial Notes
AMENDMENTS
1956—Act Aug. 1, 1956, included ‘‘Guam’’ in definition
of State.
Executive Documents
ADMISSION OF ALASKA AND HAWAII TO STATEHOOD
Alaska was admitted into the Union on Jan. 3, 1959,
on issuanc
Source: Supplied 2024 U.S. Code historical extraction · 15 U.S.C. § 1021
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Federal law — U.S. Code and appendices · legal_authorities
Page 1992
TITLE 15—COMMERCE AND TRADE
§ 3132
1 So in original. No subsec. (b) has been enacted.
gress or any of its committees from considering
or initiating at any time legislative action in
furtherance of the goals and purposes of this
chapter.
(Pub. L. 95–523, title III, § 301, Oct. 27, 1978, 92
Stat. 1904.)
Editorial Notes
REFERENCES IN TEXT
This subchapter, referred to in text, was in the origi-
nal ‘‘this title’’, meaning title III of Pub. L. 95–523, Oct.
27, 1978, 92 Stat. 1904, which enacted this subchapter
and amended sections 632 and 636 of Title 2, The Con-
gress. For complete classification of this Act to the
Code, see Short Title note set out under section 3101 of
this title and Tables.
For definition of ‘‘this chapter’’, referred to in text,
see References in Text note set out under section 3102
of this title.
The Employment Act of 1946, referred to in subsecs.
(a) and (b), is act Feb. 20, 1946, ch. 33, 60 Stat. 23, which
is classified generally to chapter 21 (§ 1021 et seq.) of
this title. For complete classification of this Act to the
Code, see Short Title note set out under section 1021 of
this title and Tables.
§ 3132. Committee review
(a) Short-term and medium-term goals
In conjunction with its review of the Eco-
nomic Report, and the holding of hearings on
the Economic Report under the Employment
Act of 1946 [15 U.S.C. 1021 et seq.], the Joint Eco-
nomic Committee shall review and analyze the
short-term and medium-term goals set forth in
the Economic Report pursuant to section 3(a)(2)
and 4(b) of the Employment Act of 1946 [15
U.S.C. 1022(a)(2), 1022a(b)].
(b) Hearings
The Joint Economic Committee shall hold
hearings on the Economic Report for the pur-
pose of receiving testimony from Members of
the Congress, and suc
Source: Supplied 2024 U.S. Code historical extraction · 15 U.S.C. § 3133
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