15 U.S.C. § 3102 — Report to Congressional committees

Page 1987 TITLE 15—COMMERCE AND TRADE § 3103 by other measures designed to serve these ends. (3) Attainment of these objectives should be facilitated by setting explicit short-term and medium-term economic goals, and by im- proved coordination among the President, the Congress, and the Board of Governors of the Federal Reserve System. (4) Increasing job opportunities and full em- ployment would greatly contribute to the elimination of discrimination based upon sex, age, race, color, religion, national origin, handicap, or other improper factors. (c) The Congress further finds that an effective policy to promote full employment and produc- tion, increased real income, balanced growth, a balanced Federal budget, adequate productivity growth, proper attention to national priorities, achievement of an improved trade balance, and reasonable price stability should (1) be based on the development of explicit economic goals and policies involving the President, the Congress, and the Board of Governors of the Federal Re- serve System, with maximum reliance on the re- sources and ingenuity of the private sector of the economy, (2) include programs specifically designed to reduce high unemployment due to recessions, and to reduce structural unemploy- ment within regional areas and among par- ticular labor force groups, and (3) give proper at- tention to the role of increased exports and im- provement in the international competitiveness of agriculture, business, and industry in pro- viding productive employment opportunities and achieving an improved trade balance. (d) The Congress further finds that full em- ployment and production, increased real income, balanced growth, a balanced Federal budget, adequate productivity growth, proper attention to national priorities, achievement of an im- proved trade balance through increased exports and improvement in the international competi- tiveness of agriculture, business, and industry, and reasonable price stability are important na- tional requirements and will promote the eco- nomic security and well-being of all citizens of the Nation. (e) The Congress further finds that the United States is part of an interdependent world trad- ing and monetary system and that attainment of the requirements specified in subsection (d) is dependent upon policies promoting a free and fair international trading system and a sound and stable international monetary system. (Pub. L. 95–523, § 2, Oct. 27, 1978, 92 Stat. 1888.) Statutory Notes and Related Subsidiaries SHORT TITLE Pub. L. 95–523, § 1, Oct. 27, 1978, 92 Stat. 1887, provided in part that this Act [enacting this chapter and sec- tions 1022a to 1022f of this title, amending sections 1021, 1022, 1023, and 1024 of this title, sections 632 and 636 of Title 2, The Congress, and section 225a of Title 12, Banks and Banking, and enacting provisions set out as notes under section 1021 of title and section 225a of Title 12] may be cited as the ‘‘Full Employment and Balanced Growth Act of 1978’’. § 3102. Report to Congressional committees 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, in- cluding 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 estab- lishing a full employment goal in connection with the provisions of this chapter. (Pub. L. 95–523, § 3, Oct. 27, 1978, 92 Stat. 1889; S. Res. 30, Mar. 7, 1979.) Editorial Notes REFERENCES IN TEXT This chapter, referred to in text, was in the original ‘‘this Act’’, meaning Pub. L. 95–523, Oct. 27, 1978, 92 Stat. 1887, known as the Full Employment and Bal- anced Growth Act of 1978, which enacted this chapter and sections 1022a to 1022f of this title, amended sec- tions 1021, 1022, and 1023 of this title, sections 632 and 636 of Title 2, The Congress, and section 225a of Title 12, Banks and Banking, and enacted provisions set out as notes under sections 1021 and 3101 of this title and sec- tion 225a of Title 12. For complete classification of this Act to the Code, see Short Title note set out under sec- tion 3101 of this title and Tables. Statutory Notes and Related Subsidiaries CHANGE OF NAME Committee on Education and Labor of House of Rep- resentatives changed to Committee on Education and the Workforce of House of Representatives by House Resolution No. 5, One Hundred Eighteenth Congress, Jan. 9, 2023. Committee on Labor and Human Resources of Senate changed to Committee on Health, Education, Labor, and Pensions of Senate by Senate Resolution No. 20, One Hundred Sixth Congress, Jan. 19, 1999. Previously, Committee on Human Resources of the Senate changed to Committee on Labor and Human Resources effective Mar. 7, 1979, by Senate Resolution No. 30, 96th Congress. See, also, Rule XXV of Standing Rules of the Senate adopted Nov. 14, 1979. § 3103. National Employment Conference (a) Organization and implementation A National Employment Conference may be convened in the District of Columbia within a reasonable period of time after October 27, 1978. Responsibility for the organization and imple- mentation of this conference shall rest with the President or the appropriate department or agency of the Federal Government, and the con- ference shall bring together leaders of small and larger business, labor, government, and all other interested parties. (b) Subject matter The subject of the conference shall be employ- ment, with particular attention to structural unemployment and the plight of disadvantaged youth. The conference shall also focus on issues such as implementation of adequate and effec- tive incentives for private sector employers to hire the hard-core unemployed. Special atten- tion shall be given to the creation of jobs through the use of targeted employment tax credits, wage vouchers, and other incentives to private sector businesses. (Pub. L. 95–523, § 4, Oct. 27, 1978, 92 Stat. 1889.)