§ 1022e. — Inflation.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 15USC1022e]
TITLE 15--COMMERCE AND TRADE
CHAPTER 21--NATIONAL POLICY ON EMPLOYMENT AND PRODUCTIVITY
Sec. 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 requirements 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 inflation can exacerbate both inflation and
unemployment. The Congress finds that the coordinated use of fiscal and
monetary policies in conjunction with specific targeted policies are
necessary to combat inflation.
(c) Policy initiation and recommendations; elements of structural
policies
The President shall initiate specific policies to reduce the rate of
inflation, including recommendations to the Congress where necessary,
and include recommendations within the Economic 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 monitor and analyze
inflationary trends in individual economic sectors, so that the
President and Congress can be alerted to developing inflation
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 capital, with particular emphasis on food,
energy, and critical industrial materials to aid in stabilizing
prices;
(3) the establishment of stockpiles of agricultural commodities
and other critical materials to help stabilize prices, meet
emergency needs, and promote adequate income to producers;
(4) encouragement to labor and management to increase
productivity within the national framework of full employment
through voluntary arrangements in industries and economic sectors;
(5) recommendations to increase competition in the private
sector and to improve the economic climate for the creation and
growth of smaller businesses, including recommendations to
strengthen and enforce the antitrust laws, the patent laws, and the
internal revenue 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 agriculture, business, and industry; and
(8) such other administrative actions and recommendations for
legislation as the President deems desirable, to promote reasonable
price stability.
(Feb. 20, 1946, ch. 33, Sec. 8, as added Pub. L. 95-523, title I,
Sec. 109, Oct. 27, 1978, 92 Stat. 1898.)
