§ 3131. — Congressional statement of purpose.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 15USC3131]
TITLE 15--COMMERCE AND TRADE
CHAPTER 58--FULL EMPLOYMENT AND BALANCED GROWTH
SUBCHAPTER II--POLICIES AND PROCEDURES FOR CONGRESSIONAL REVIEW
Sec. 3131. Congressional statement of purpose
(a) Establishment of procedures for review and action
The purposes of this subchapter are to establish procedures for
congressional review and action with respect to the Economic Report of
the President (hereafter in this subchapter referred to as the
``Economic Report''), the report of the Board of Governors of the
Federal Reserve System, and the other policies and provisions of this
chapter and the Employment Act of 1946 [15 U.S.C. 1021 et seq.].
(b) Legislative action
The Congress shall initiate or develop such legislation as it deems
necessary to implement proposals and objectives pursuant to this chapter
and the Employment Act of 1946 [15 U.S.C. 1021 et seq.] after such
modification in such proposals as it deems desirable. Nothing in this
subchapter shall be construed to prevent the Congress 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, Sec. 301, Oct. 27, 1978, 92 Stat. 1904.)
References in Text
This subchapter, referred to in text, was in the original ``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 Congress. 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, as amended, which is classified
generally to chapter 21 (Sec. 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.
