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

Page 1269 TITLE 15—COMMERCE AND TRADE § 1023 1 So in original. Probably should be ‘‘and’’. (Feb. 20, 1946, ch. 33, § 7, as added Pub. L. 95–523, title I, § 107, Oct. 27, 1978, 92 Stat. 1896.) Editorial Notes REFERENCES IN TEXT The Full Employment and Balanced Growth Act of 1978, referred to in subsec. (c), is Pub. L. 95–523, Oct. 27, 1978, 92 Stat. 1887, which is classified principally to chapter 58 (§ 3101 et seq.) of this title. For complete classification of this Act to the Code, see Short Title note set out under section 3101 of this title and Tables. § 1022e. Inflation (a) Methods and requirements for achieving price stability The Congress determines that the objective of achieving reasonable price stability as soon as feasible, as set forth in section 1022(a)(3) of this title and section 1022a(a) of this title, shall be pursued by the methods and subject to the re- quirements of section 1022b(b) of this title. (b) Coordination of fiscal or monetary policies with specific targeted policies The Congress finds that sole dependence upon fiscal or monetary policies or both to combat in- flation can exacerbate both inflation and unem- ployment. The Congress finds that the coordi- nated use of fiscal and monetary policies in con- junction with specific targeted policies are nec- essary to combat inflation. (c) Policy initiation and recommendations; ele- ments of structural policies The President shall initiate specific policies to reduce the rate of inflation, including rec- ommendations to the Congress where necessary, and include recommendations within the Eco- nomic Report and the President’s budget to the extent practicable. Structural policies to reduce the rate of inflation may include— (1) an effective information system to mon- itor and analyze inflationary trends in indi- vidual economic sectors, so that the President and Congress can be alerted to developing in- flation problems especially those caused by bottlenecks inhibiting the flow of goods and services; (2) programs and policies for alleviating shortages of goods, services, labor, and cap- ital, with particular emphasis on food, energy, and critical industrial materials to aid in sta- bilizing prices; (3) the establishment of stockpiles of agri- cultural commodities and other critical mate- rials to help stabilize prices, meet emergency needs, and promote adequate income to pro- ducers; (4) encouragement to labor and management to increase productivity within the national framework of full employment through vol- untary arrangements in industries and eco- nomic sectors; (5) recommendations to increase competi- tion in the private sector and to improve the economic climate for the creation and growth of smaller businesses, including recommenda- tions to strengthen and enforce the antitrust laws, the patent laws, and the internal rev- enue laws and regulations; (6) removal or proper modification of such Government restrictions and regulations as added unnecessarily to inflationary costs; (7) increasing exports and improving the international competitive position of agri- culture, business, and industry; and (8) such other administrative actions and recommendations for legislation as the Presi- dent deems desirable, to promote reasonable price stability. (Feb. 20, 1946, ch. 33, § 8, as added Pub. L. 95–523, title I, § 109, Oct. 27, 1978, 92 Stat. 1898.) § 1022f. Advisory board or boards (a) Establishment An advisory board or boards (including re- gional advisory boards) may be established as the President deems appropriate, to advise and consult periodically with one or more of the fol- lowing: The President, the Council of Economic Advisers, and such other departments and agen- cies of the executive branch of the Federal Gov- ernment 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 1 Balanced Growth Act of 1978 [15 U.S.C. 3101 et seq.], and other ap- propriate 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. (Feb. 20, 1946, ch. 33, § 9, as added Pub. L. 95–523, title I, § 111, Oct. 27, 1978, 92 Stat. 1899.) Editorial Notes REFERENCES IN TEXT The Full Employment and Balanced Growth Act of 1978, referred to in subsec. (b), is Pub. L. 95–523, Oct. 27, 1978, 92 Stat. 1887, which is classified principally to chapter 58 (§ 3101 et seq.) of this title. For complete classification of this Act to the Code, see Short Title note set out under section 3101 of this title and Tables. Statutory Notes and Related Subsidiaries TERMINATION OF ADVISORY BOARDS Advisory boards established after Jan. 5, 1973, to ter- minate not later than the expiration of the 2-year pe- riod beginning on the date of their establishment, un- less, in the case of a board established by the President or an officer of the Federal Government, such board is renewed by appropriate action prior to the expiration of such 2-year period, or in the case of a board estab- lished by the Congress, its duration is otherwise pro- vided for by law. See sections 1001(2) and 1013 of Title 5, Government Organization and Employees. § 1023. Council of Economic Advisers (a) Creation; composition; qualifications; chair- man and vice chairman (1) Creation There is created in the Executive Office of the President a Council of Economic Advisers (hereinafter called the ‘‘Council’’).