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15 U.S.C. § 1022bPresentation of analysis respecting short-term and medium-term goals in Economic Report of President; mutually reinforcing means

submitted 80 years ago by Pub. L. 95-523 to r/title-15-COMMERCE-AND-TRADE · 151 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section requires the Economic Report to analyze the proper structure of short-term and medium-term employment, production, income, and price goals. It also calls for using mutually reinforcing means to reduce unemployment and achieve reasonable price stability when practicable.

(a) Analysis of goals To aid in determining the short-term and medium-term goals for employment, production, real income, and prices, analysis must be presented in the Economic Report about 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 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 must be used to the extent practicable.
the actual law source: uscode.house.gov ↗public domain
(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 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 credit: (Feb. 20, 1946, ch. 33, § 5, as added Pub. L. 95–523, title I, § 105, Oct. 27, 1978, 92 Stat. 1895.)

history & why it existsrecord from the source credit
  • 1946Enacted · Pub. L. 95-523 · 92 Stat. 1895

A history note hasn’t been published yet. The record shows enactment by Pub. L. 95-523 on 1946-02-20.

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