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        <dc:title>FULL EMPLOYMENT AND BALANCED GROWTH ACT OF 1978</dc:title>
        <citableAs>Public Law 95–523, as amended</citableAs>
        <citableAsShortTitle>FULL EMPLOYMENT AND BALANCED GROWTH ACT OF 1978</citableAsShortTitle>
        <docNumber>523</docNumber>
        <currentThroughPublicLaw>113–128</currentThroughPublicLaw>
        <dc:type>Statute Compilation</dc:type>
        <dc:creator>United States House of Representatives</dc:creator>
        <dc:creator>Office of the Legislative Counsel</dc:creator>
        <dc:format>text/xml</dc:format>
        <dc:language>EN</dc:language>
        <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
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        <processedDate>2021-10-15</processedDate>
        <containsShortTitle>Full Employment and Balanced Growth Act of 1978</containsShortTitle>
        <property role="fileId">1531</property>
        <congress>95</congress>
        <approvedDate>1978-10-27</approvedDate>
    </meta>
    <preface style="-uslm-dtd:compilation-act-form">
        <property style="-uslm-dtd:comp-short-title" role="compShortTitle">FULL EMPLOYMENT AND BALANCED GROWTH ACT OF 1978</property>
        <citationNote style="-uslm-dtd:public-law">[(<citableAs>Public Law 95–523</citableAs>)]</citationNote>
        <editionNote style="-uslm-dtd:updated-through-note">[As Amended Through <currentThroughPublicLaw>P.L. 113–128</currentThroughPublicLaw>, Enacted <date date="2014-07-22">July 22, 2014</date>]</editionNote>
        <explanationNote style="-uslm-dtd:explanatory-note"><b>[</b>Currency: This publication is a compilation of the text of Public Law 95-523. It was last amended by the public law listed in the As Amended Through note above and below at the bottom of each page of the pdf version and reflects current law through the date of the enactment of the public law listed at https://www.govinfo.gov/app/collection/comps/<b>]</b></explanationNote>
        <explanationNote style="-uslm-dtd:explanatory-note"><b>[</b>Note: While this publication does  not represent an official version of any Federal statute, substantial efforts have been made to ensure the accuracy of its contents. The official version of Federal law is found in the United States Statutes at Large and in the United States Code. The legal effect to be given to the Statutes at Large and the United States Code is established by statute (1 U.S.C. 112, 204).<b>]</b></explanationNote>
    </preface>
    <main style="-uslm-dtd:legis-body"><longTitle><docTitle style="-uslm-dtd:legis-type">AN ACT</docTitle><officialTitle style="-uslm-dtd:official-title">To translate into practical reality the right of all Americans who are able, willing, seeking to work to full opportunity for useful paid employment at fair rates of compensation; to assert the responsibility of the Federal Government to use all practicable programs and policies to promote full employment, production, and real income, balanced growth, adequate productivity growth, proper attention to national priorities, and reasonable price stability, to require the President each year to set forth explicit short-term and medium-term economic goals; to achieve a better integration of general and structural economic policies; and to improve the coordination of economic policymaking within the Federal Government</officialTitle></longTitle><enactingFormula style="-uslm-dtd:enacting-clause">
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
</enactingFormula>
        <section style="-uslm-dtd:section" identifier="/us/sComp/95/523/s1" styleType="traditional-inline">
            <num style="-uslm-dtd:enum" value="1">Section 1. </num><content style="-uslm-dtd:text">This Act and the following table of contents may be cited as the “<shortTitle style="-uslm-dtd:quote">Full Employment and Balanced Growth Act of 1978</shortTitle>”.<toc style="-uslm-dtd:toc">
            <heading style="-uslm-dtd:toc-entry" class="centered">TABLE OF CONTENTS</heading>
            <referenceItem style="-uslm-dtd:toc-entry" role="section"><designator>Sec. 1.</designator><label> Short title; table of contents.</label></referenceItem>
            <referenceItem style="-uslm-dtd:toc-entry" role="section"><designator>Sec. 2.</designator><label> General finding.</label></referenceItem>
            <referenceItem style="-uslm-dtd:toc-entry" role="section"><designator>Sec. 3.</designator><label> Report.</label></referenceItem>
            <referenceItem style="-uslm-dtd:toc-entry" role="section"><designator>Sec. 4.</designator><label> National Employment Conference.</label></referenceItem>
            <groupItem>
                <referenceItem style="-uslm-dtd:toc-entry" role="title" class="centered"><designator>TITLE I—</designator><label>ESTABLISHMENT OF GOALS AND GENERAL ECONOMIC POLICIES</label></referenceItem>
                <referenceItem style="-uslm-dtd:toc-entry" role="section"><designator>Sec. 101.</designator><label> Statement of purpose.</label></referenceItem>
                <referenceItem style="-uslm-dtd:toc-entry" role="section"><designator>Sec. 102.</designator><label> Declaration of policy.</label></referenceItem>
                <referenceItem style="-uslm-dtd:toc-entry" role="section"><designator>Sec. 103.</designator><label> Economic Report of the President and short-term economic goals and policies.</label></referenceItem>
                <referenceItem style="-uslm-dtd:toc-entry" role="section"><designator>Sec. 104.</designator><label> Full employment and balanced growth; medium-term economic goals and policies.</label></referenceItem>
                <referenceItem style="-uslm-dtd:toc-entry" role="section"><designator>Sec. 105.</designator><label> Provisions applicable to short-term and medium-term goals.</label></referenceItem>
                <referenceItem style="-uslm-dtd:toc-entry" role="section"><designator>Sec. 106.</designator><label> National priority policies and programs required for full employment and balanced growth.</label></referenceItem>
                <referenceItem style="-uslm-dtd:toc-entry" role="section"><designator>Sec. 107.</designator><label> The President's budget.</label></referenceItem>
                <referenceItem style="-uslm-dtd:toc-entry" role="section"><designator>Sec. 108.</designator><label> Monetary policy.</label></referenceItem>
                <referenceItem style="-uslm-dtd:toc-entry" role="section"><designator>Sec. 109.</designator><label> Overcoming inflation.</label></referenceItem>
                <referenceItem style="-uslm-dtd:toc-entry" role="section"><designator>Sec. 110.</designator><label> Council of Economic Advisers.</label></referenceItem>
                <referenceItem style="-uslm-dtd:toc-entry" role="section"><designator>Sec. 111.</designator><label> Advisory Board or Boards.</label></referenceItem>
            </groupItem>
            <groupItem>
                <referenceItem style="-uslm-dtd:toc-entry" role="title" class="centered"><designator>TITLE II—</designator><label>STRUCTURAL POLICIES AND PROGRAMS INCLUDING TREATMENT OF RESOURCES RESTRAINTS</label></referenceItem>
                <referenceItem style="-uslm-dtd:toc-entry" role="section"><designator>Sec. 201.</designator><label> Statement of purpose.</label></referenceItem>
                <referenceItem style="-uslm-dtd:toc-entry" role="section"><designator>Sec. 202.</designator><label> Countercyclical employment policies.</label></referenceItem>
                <referenceItem style="-uslm-dtd:toc-entry" role="section"><designator>Sec. 203.</designator><label> Coordination with State and local government and private sector economic activity.</label></referenceItem>
                <referenceItem style="-uslm-dtd:toc-entry" role="section"><designator>Sec. 204.</designator><label> Regional and structural employment policies.</label></referenceItem>
                <referenceItem style="-uslm-dtd:toc-entry" role="section"><designator>Sec. 205.</designator><label> Youth employment policies.</label></referenceItem>
                <referenceItem style="-uslm-dtd:toc-entry" role="section"><designator>Sec. 206.</designator><label> Job training, counseling, and reservoirs of employment projects.</label></referenceItem>
                <referenceItem style="-uslm-dtd:toc-entry" role="section"><designator>Sec. 207.</designator><label> Capital formation—private and public.</label></referenceItem>
            </groupItem>
            <groupItem>
                <referenceItem style="-uslm-dtd:toc-entry" role="title" class="centered"><designator>TITLE III—</designator><label>POLICIES AND PROCEDURES FOR CONGRESSIONAL REVIEW</label></referenceItem>
                <referenceItem style="-uslm-dtd:toc-entry" role="section"><designator>Sec. 301.</designator><label> Statement of purpose.</label></referenceItem>
                <referenceItem style="-uslm-dtd:toc-entry" role="section"><designator>Sec. 302.</designator><label> Committee review.</label></referenceItem>
                <referenceItem style="-uslm-dtd:toc-entry" role="section"><designator>Sec. 303.</designator><label> Review of Economic Report as part of the Budget process.</label></referenceItem>
                <referenceItem style="-uslm-dtd:toc-entry" role="section"><designator>Sec. 304.</designator><label> Modification of timetable for achieving unemployment goals.</label></referenceItem>
                <referenceItem style="-uslm-dtd:toc-entry" role="section"><designator>Sec. 305.</designator><label> Exercise of rulemaking powers.</label></referenceItem>
            </groupItem>
            <groupItem>
                <referenceItem style="-uslm-dtd:toc-entry" role="title" class="centered"><designator>TITLE IV—</designator><label>GENERAL PROVISIONS</label></referenceItem>
                <referenceItem style="-uslm-dtd:toc-entry" role="section"><designator>Sec. 401.</designator><label> Nondiscrimination.</label></referenceItem>
                <referenceItem style="-uslm-dtd:toc-entry" role="section"><designator>Sec. 402.</designator><label> Labor standards.</label></referenceItem>
            </groupItem></toc></content><editorialNote style="-uslm-dtd:usc-reference" role="uscRef"><b>[</b>(<ref href="/us/usc/t15/s3101">15 U.S.C. 3101</ref> nt).<b>]</b> </editorialNote>
        </section>
        <section style="-uslm-dtd:section" identifier="/us/sComp/95/523/s2" styleType="traditional">
            <heading style="-uslm-dtd:header">general findings </heading>
            <num style="-uslm-dtd:enum" value="2">Sec. 2. </num><subsection style="-uslm-dtd:subsection" identifier="/us/sComp/95/523/s2/a" styleType="OLC" class="inline"><num style="-uslm-dtd:enum" value="a">(a) </num><chapeau style="-uslm-dtd:text">The Congress finds that the Nation has suffered substantial unemployment and underemployment, idleness of other productive resources, high rates of inflation, and inadequate productivity growth, over prolonged periods of time, imposing numerous economic and social costs on the Nation. Such costs include the following.</chapeau>
            <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/95/523/s2/a/1" styleType="OLC">
                <num style="-uslm-dtd:enum" value="1">(1) </num><content style="-uslm-dtd:text">The Nation is deprived of the full supply of good and services, the full utilization of labor and capital resources, and the related increases in economic well-being that would occur under conditions of genuine full employment, production, and real income, balanced growth, a balanced Federal budget, and the effective control of inflation.</content>
            </paragraph>
            <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/95/523/s2/a/2" styleType="OLC">
                <num style="-uslm-dtd:enum" value="2">(2) </num><content style="-uslm-dtd:text">The output of goods and services is insufficient to meet pressing national priorities.</content>
            </paragraph>
            <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/95/523/s2/a/3" styleType="OLC">
                <num style="-uslm-dtd:enum" value="3">(3) </num><content style="-uslm-dtd:text">Workers are deprived of the job security, income, skill development, and productivity necessary to maintain and advance their standards of living.</content>
            </paragraph>
            <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/95/523/s2/a/4" styleType="OLC">
                <num style="-uslm-dtd:enum" value="4">(4) </num><content style="-uslm-dtd:text">Business and industry are deprived of the production, sales, capital flow, and productivity necessary to maintain adequate profits, undertake new investment, create jobs, compete internationally, and contribute to meeting society's economic needs. These problems are especially acute for smaller businesses. Variations in the business cycle and low-level operations of the economy are far more damaging to smaller businesses than to larger business concerns because smaller businesses have fewer available resources, and less access to resources, to withstand nationwide economic adversity. A decline in small business enterprises contributes to unemployment by reducing employment opportunities and contributes to inflation by reducing competition.</content>
            </paragraph>
            <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/95/523/s2/a/5" styleType="OLC">
                <num style="-uslm-dtd:enum" value="5">(5) </num><content style="-uslm-dtd:text">Unemployment exposes many families to social, psychological, and physiological costs, including disruption of family life, loss of individual dignity and self-respect, and the aggravation of physical and psychological illnesses, alcoholism and drug abuse, crime, and social conflicts.</content>
            </paragraph>
            <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/95/523/s2/a/6" styleType="OLC">
                <num style="-uslm-dtd:enum" value="6">(6) </num><content style="-uslm-dtd:text">Federal, State, and local government budgets are undermined by deficits due to shortfalls in tax revenues and in increases in expenditures for unemployment compensation, public assistance, and other recession-related services in the areas of criminal justice, alcoholism and drug abuse, and physical and mental health.</content>
            </paragraph></subsection>
            <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/95/523/s2/b" styleType="OLC">
                <num style="-uslm-dtd:enum" value="b">(b) </num><chapeau style="-uslm-dtd:text">The Congress further finds that:</chapeau>
                <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/95/523/s2/b/1" styleType="OLC">
                    <num style="-uslm-dtd:enum" value="1">(1) </num><content style="-uslm-dtd:text">High unemployment may contribute to inflation by diminishing labor training and skills, underutilizing capital resources, reducing the rate of productivity advance, increasing unit labor costs, and reducing the general supply of goods and services.</content>
                </paragraph>
                <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/95/523/s2/b/2" styleType="OLC">
                    <num style="-uslm-dtd:enum" value="2">(2) </num><content style="-uslm-dtd:text">Aggregate monetary and fiscal policies alone have been unable to achieve full employment and production, 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, and therefore must be supplemented by other measures designed to serve these ends.</content>
                </paragraph>
                <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/95/523/s2/b/3" styleType="OLC">
                    <num style="-uslm-dtd:enum" value="3">(3) </num><content style="-uslm-dtd:text">Attainment of these objectives should be facilitated by setting explicit short-term and medium-term economic goals, and by improved coordination among the President, the Congress, and the Board of Governors of the Federal Reserve System.</content>
                </paragraph>
                <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/95/523/s2/b/4" styleType="OLC">
                    <num style="-uslm-dtd:enum" value="4">(4) </num><content style="-uslm-dtd:text">Increasing job opportunities and full employment would greatly contribute to the elimination of discrimination based upon sex, age, race, color, religion, national origin, handicap, or other improper factors.</content>
                </paragraph>
            </subsection>
            <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/95/523/s2/c" styleType="OLC">
                <num style="-uslm-dtd:enum" value="c">(c) </num><content style="-uslm-dtd:text">The Congress further finds that an effective policy to promote full employment and production, 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 Reserve System, with maximum reliance on the resources 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 unemployment within regional areas and among particular labor force groups, and (3) give proper attention to the role of increased exports and improvement in the international competitiveness of agriculture, business, and industry in providing productive employment opportunities and achieving an improved trade balance.</content>
            </subsection>
            <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/95/523/s2/d" styleType="OLC">
                <num style="-uslm-dtd:enum" value="d">(d) </num><content style="-uslm-dtd:text">The Congress further finds that full employment and production, increased real income, balanced growth, a balanced Federal budget, adequate productivity growth, proper attention to national priorities, achievement of an improved trade balance through increased exports and improvement in the international competitiveness of agriculture, business, and industry, and reasonable price stability are important national requirements and will promote the economic security and well-being of all citizens of the Nation.</content>
            </subsection>
            <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/95/523/s2/e" styleType="OLC">
                <num style="-uslm-dtd:enum" value="e">(e) </num><content style="-uslm-dtd:text">The Congress further finds that the United States is part of an interdependent world trading 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.</content>
            </subsection><editorialNote style="-uslm-dtd:usc-reference" role="uscRef"><b>[</b><ref href="/us/usc/t15/s3101">15 U.S.C. 3101</ref><b>]</b> </editorialNote>
        </section>
        <section style="-uslm-dtd:section" identifier="/us/sComp/95/523/s3" styleType="traditional">
            <heading style="-uslm-dtd:header">report </heading>
            <num style="-uslm-dtd:enum" value="3">Sec. 3. </num><content style="-uslm-dtd:text">Not later than one year after the date of enactment of this Act, the Committee on 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, including 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 establishing a full employment goal in connection with the provisions of this Act.</content><editorialNote style="-uslm-dtd:usc-reference" role="uscRef"><b>[</b><ref href="/us/usc/t15/s3102">15 U.S.C. 3102</ref><b>]</b> </editorialNote>
        </section>
        <section style="-uslm-dtd:section" identifier="/us/sComp/95/523/s4" styleType="traditional">
            <heading style="-uslm-dtd:header">national employment conference </heading>
            <num style="-uslm-dtd:enum" value="4">Sec. 4. </num><subsection style="-uslm-dtd:subsection" identifier="/us/sComp/95/523/s4/a" styleType="OLC" class="inline"><num style="-uslm-dtd:enum" value="a">(a) </num><content style="-uslm-dtd:text">A National Employment Conference may be convened in the District of Columbia within a reasonable period of time after the date of enactment of the Full Employment and Balanced Growth Act of 1978. Responsibility for the organization and implementation of this conference shall rest with the President or the appropriate department or agency of the Federal Government, and the conference shall bring together leaders of small and larger business, labor, government, and all other interested parties.</content></subsection>
            <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/95/523/s4/b" styleType="OLC">
                <num style="-uslm-dtd:enum" value="b">(b) </num><content style="-uslm-dtd:text">The subject of the conference shall be employment, 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 effective incentives for private sector employers to hire the hard-core unemployed. Special attention 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.</content>
            </subsection><editorialNote style="-uslm-dtd:usc-reference" role="uscRef"><b>[</b><ref href="/us/usc/t15/s3103">15 U.S.C. 3103</ref><b>]</b> </editorialNote>
        </section>
        <title style="-uslm-dtd:title; -uslm-dtd-nonstandard:all-cap 10 no-bold" identifier="/us/sComp/95/523/tI" styleType="nonstandard">
            <num style="-uslm-dtd:enum" value="I">TITLE I—</num><heading style="-uslm-dtd:header">ESTABLISHMENT OF GOALS AND GENERAL ECONOMIC POLICIES<ref style="-uslm-dtd:footnote-ref" idref="ID3A7A67A931B042728655B207AEDD88DA" class="footnoteRef">1</ref> </heading>
            <elided style="-uslm-dtd:omitted-text">* * * * * * *</elided>
        </title>
        <title style="-uslm-dtd:title; -uslm-dtd-nonstandard:all-cap 10 no-bold" identifier="/us/sComp/95/523/tII" styleType="nonstandard">
            <num style="-uslm-dtd:enum" value="II">TITLE II—</num><heading style="-uslm-dtd:header">STRUCTURAL ECONOMIC POLICIES AND PROGRAMS, INCLUDING TREATMENT OF RESOURCE RESTRAINTS </heading>
            <section style="-uslm-dtd:section" identifier="/us/sComp/95/523/tII/s201" styleType="traditional">
                <heading style="-uslm-dtd:header">statement of purpose </heading>
                <num style="-uslm-dtd:enum" value="201">Sec. 201. </num><content style="-uslm-dtd:text">The Congress recognizes that general economic policies alone have been unable to achieve the goals set forth in this Act related to full employment, production, and real income, balanced growth, adequate growth in productivity, proper attention to national priorities achievement of an improved trade balance through increased exports and improvement in the international competitiveness of agriculture, business, and industry, and achievement of reasonable price stability as provided for in section 5(b) of the Employment Act of 1946. It is, therefore, the purpose of this title to require the President to initiate, as the President deems appropriate, with recommendations to the Congress where necessary, supplementary programs and policies to the extent that the President find such action necessary to help achieve these goals, including the goals and timetable for the reduction of unemployment. Insofar as feasible without undue delay, any policies and programs so recommended shall be included in the Economic Report.</content><footnote id="ID3A7A67A931B042728655B207AEDD88DA" style="-uslm-dtd:footnote"><sup style="-uslm-dtd:superscript">1</sup><p style="-uslm-dtd:para; margin-left:1em">Title I primarily amends the Employment Act of 1946 and one section also amends the Federal Reserve Act.</p></footnote><editorialNote style="-uslm-dtd:usc-reference" role="uscRef"><b>[</b><ref href="/us/usc/t15/s3111">15 U.S.C. 3111</ref><b>]</b> </editorialNote>
            </section>
            <section style="-uslm-dtd:section" identifier="/us/sComp/95/523/tII/s202" styleType="traditional">
                <heading style="-uslm-dtd:header">countercyclical employment policies </heading>
                <num style="-uslm-dtd:enum" value="202">Sec. 202. </num><subsection style="-uslm-dtd:subsection" identifier="/us/sComp/95/523/tII/s202/a" styleType="OLC" class="inline"><num style="-uslm-dtd:enum" value="a">(a) </num><chapeau style="-uslm-dtd:text">Any countercyclical efforts undertaken to aid in achieving the purposes of section 201 shall consider for inclusion the following programmatic entities:</chapeau>
                <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/95/523/tII/s202/a/1" styleType="OLC">
                    <num style="-uslm-dtd:enum" value="1">(1) </num><content style="-uslm-dtd:text">accelerated public works, including the development of standby public works projects;</content>
                </paragraph>
                <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/95/523/tII/s202/a/2" styleType="OLC">
                    <num style="-uslm-dtd:enum" value="2">(2) </num><content style="-uslm-dtd:text">public service employment;</content>
                </paragraph>
                <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/95/523/tII/s202/a/3" styleType="OLC">
                    <num style="-uslm-dtd:enum" value="3">(3) </num><content style="-uslm-dtd:text">State and local grant programs;</content>
                </paragraph>
                <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/95/523/tII/s202/a/4" styleType="OLC">
                    <num style="-uslm-dtd:enum" value="4">(4) </num><content style="-uslm-dtd:text">the levels and duration of unemployment insurance;</content>
                </paragraph>
                <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/95/523/tII/s202/a/5" styleType="OLC">
                    <num style="-uslm-dtd:enum" value="5">(5) </num><content style="-uslm-dtd:text">skill training both the private and public sectors, both as a general remedy and as a supplement to unemployment insurance;</content>
                </paragraph>
                <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/95/523/tII/s202/a/6" styleType="OLC">
                    <num style="-uslm-dtd:enum" value="6">(6) </num><content style="-uslm-dtd:text">youth employment programs as specified in section 205;</content>
                </paragraph>
                <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/95/523/tII/s202/a/7" styleType="OLC">
                    <num style="-uslm-dtd:enum" value="7">(7) </num><content style="-uslm-dtd:text">community development programs to provide employment in activities of value to the State, local communities (including rural areas), and the Nation;</content>
                </paragraph>
                <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/95/523/tII/s202/a/8" styleType="OLC">
                    <num style="-uslm-dtd:enum" value="8">(8) </num><content style="-uslm-dtd:text">Federal procurement programs which are targeted on labor surplus areas; and</content>
                </paragraph>
                <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/95/523/tII/s202/a/9" styleType="OLC">
                    <num style="-uslm-dtd:enum" value="9">(9) </num><content style="-uslm-dtd:text">augmentation of other employment and training programs which would help to reduce high levels of unemployment arising from cyclical causes.</content>
                </paragraph></subsection>
                <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/95/523/tII/s202/b" styleType="OLC">
                    <num style="-uslm-dtd:enum" value="b">(b) </num><content style="-uslm-dtd:text">In any countercyclical efforts undertaken, the President shall consider a triggering mechanism which will implement the program during a period of rising unemployment and phase out the program when unemployment is appropriately reduced, and incorporate effective means to facilitate individuals assisted under programs developed pursuant to this section to return promptly to regular private and public employment as the economy recovers.</content>
                </subsection><editorialNote style="-uslm-dtd:usc-reference" role="uscRef"><b>[</b><ref href="/us/usc/t15/s3112">15 U.S.C. 3112</ref><b>]</b> </editorialNote>
            </section>
            <section style="-uslm-dtd:section" identifier="/us/sComp/95/523/tII/s203" styleType="traditional">
                <heading style="-uslm-dtd:header">coordination with state and local government and private sector economic activity </heading>
                <num style="-uslm-dtd:enum" value="203">Sec. 203. </num><subsection style="-uslm-dtd:subsection" identifier="/us/sComp/95/523/tII/s203/a" styleType="OLC" class="inline"><num style="-uslm-dtd:enum" value="a">(a) </num><content style="-uslm-dtd:text">As an integral part of any countercylical employment policies undertaken in accord with section 202, the President shall, to the extent the President deems necessary, set forth programs and policies, including recommended legislation where needed, to coordinate economic action among the Federal Government, regions, States and localities, and the private sector to promote achievement of the purposes of this Act and the Employment Act of 1946 and an economic environment in which State and local governments and private sector economic activity and employment will prosper. In considering programs and policies related to the private sector, full consideration shall be given to promoting the growth and well-being of small businesses and employment training programs through private sector incentives.</content></subsection>
                <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/95/523/tII/s203/b" styleType="OLC">
                    <num style="-uslm-dtd:enum" value="b">(b) </num><content style="-uslm-dtd:text">In any efforts under this section, the President shall endeavor to meet criteria that establish programs which are funded to take account of the fiscal needs and budget conditions of the respective States and localities and their own efforts, with special attention to the rates of unemployment in such States and localities.</content>
                </subsection><editorialNote style="-uslm-dtd:usc-reference" role="uscRef"><b>[</b><ref href="/us/usc/t15/s3113">15 U.S.C. 3113</ref><b>]</b> </editorialNote>
            </section>
            <section style="-uslm-dtd:section" identifier="/us/sComp/95/523/tII/s204" styleType="traditional">
                <heading style="-uslm-dtd:header">regional and structural employment policies </heading>
                <num style="-uslm-dtd:enum" value="204">Sec. 204. </num><subsection style="-uslm-dtd:subsection" identifier="/us/sComp/95/523/tII/s204/a" styleType="OLC" class="inline"><num style="-uslm-dtd:enum" value="a">(a) </num><content style="-uslm-dtd:text">To the extent deemed appropriate by the President in fulfillment of the purposes of section 201, the President shall recommend legislation to the Congress if necessary, regional and structural employment policies and programs.</content></subsection>
                <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/95/523/tII/s204/b" styleType="OLC">
                    <num style="-uslm-dtd:enum" value="b">(b) </num><content style="-uslm-dtd:text">In formulating the regional components of any such programs, the President shall encourage to the extent the President deems necessary, new private sector production and employment to locate within depressed localities and regions with substantial unemployment and to aid in stabilizing their economic base. To the extent feasible, such policies and programs shall foster the establishment and growth of smaller businesses in such localities and regions. Any regional employment proposal of the President shall also include an analysis of the extent to which Federal tax, expenditure (including procurement of goods and services), defense, transportation, energy, natural resources and employment policies have influenced the movement of people, jobs, and small and larger business and industries from chronic high unemployment regions and areas, and proposals designed to correct Federal policies that have an adverse economic upon such regions and areas.</content>
                </subsection><editorialNote style="-uslm-dtd:usc-reference" role="uscRef"><b>[</b><ref href="/us/usc/t15/s3114">15 U.S.C. 3114</ref><b>]</b> </editorialNote>
            </section>
            <section style="-uslm-dtd:section" identifier="/us/sComp/95/523/tII/s205" styleType="traditional">
                <heading style="-uslm-dtd:header">youth employment policies </heading>
                <num style="-uslm-dtd:enum" value="205">Sec. 205. </num><subsection style="-uslm-dtd:subsection" identifier="/us/sComp/95/523/tII/s205/a" styleType="OLC" class="inline"><num style="-uslm-dtd:enum" value="a">(a) </num><chapeau style="-uslm-dtd:text">The Congress finds and declares—</chapeau>
                <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/95/523/tII/s205/a/1" styleType="OLC">
                    <num style="-uslm-dtd:enum" value="1">(1) </num><content style="-uslm-dtd:text">That<ref style="-uslm-dtd:footnote-ref" idref="ID917BDACA067642AF89452305CB300773" class="footnoteRef">2</ref> serious unemployment and economic disadvantage of a unique nature exist among youths even under generally favorable economic conditions;</content><footnote id="ID917BDACA067642AF89452305CB300773" style="-uslm-dtd:footnote"><sup style="-uslm-dtd:superscript">2</sup><p style="-uslm-dtd:para; margin-left:1em">So in original. Should be “<quotedText style="-uslm-dtd:quote">that</quotedText>”.</p></footnote>
                </paragraph>
                <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/95/523/tII/s205/a/2" styleType="OLC">
                    <num style="-uslm-dtd:enum" value="2">(2) </num><content style="-uslm-dtd:text">that this group constitutes a substantial portion of the Nation's unemployment, and that  this significantly contributes to crime, alcoholism and drug abuse, and other social and economic problems; and</content>
                </paragraph>
                <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/95/523/tII/s205/a/3" styleType="OLC">
                    <num style="-uslm-dtd:enum" value="3">(3) </num><content style="-uslm-dtd:text">that many youths have special employment needs and problems which, if not promptly addressed, will substantially contribute to more severe unemployment problems in the long run.</content>
                </paragraph></subsection>
                <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/95/523/tII/s205/b" styleType="OLC">
                    <num style="-uslm-dtd:enum" value="b">(b) </num><chapeau style="-uslm-dtd:text">To the extent deemed necessary in fulfillment of the purposes of this Act, the President shall improve and expand existing youth employment programs, recommending legislation where required. In formulating any such program, the President shall—</chapeau>
                    <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/95/523/tII/s205/b/1" styleType="OLC">
                        <num style="-uslm-dtd:enum" value="1">(1) </num><content style="-uslm-dtd:text">include provisions designed to fully coordinate youth employment activities with other employment and training programs;</content>
                    </paragraph>
                    <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/95/523/tII/s205/b/2" styleType="OLC">
                        <num style="-uslm-dtd:enum" value="2">(2) </num><content style="-uslm-dtd:text">develop a smoother transition from school to work;</content>
                    </paragraph>
                    <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/95/523/tII/s205/b/3" styleType="OLC">
                        <num style="-uslm-dtd:enum" value="3">(3) </num><content style="-uslm-dtd:text">prepare disadvantaged and other youths with employability handicaps of regular self-sustaining employment;</content>
                    </paragraph>
                    <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/95/523/tII/s205/b/4" styleType="OLC">
                        <num style="-uslm-dtd:enum" value="4">(4) </num><content style="-uslm-dtd:text">develop realistic methods for combining training with work; and</content>
                    </paragraph>
                    <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/95/523/tII/s205/b/5" styleType="OLC">
                        <num style="-uslm-dtd:enum" value="5">(5) </num><content style="-uslm-dtd:text">develop provisions designed to attract structurally unemployed youth into productive full-time employment through incentives to private and independent sector businesses;<ref style="-uslm-dtd:footnote-ref" idref="IDC4DC91369EF1435C815E33A0941B1914" class="footnoteRef">3</ref></content><footnote id="IDC4DC91369EF1435C815E33A0941B1914" style="-uslm-dtd:footnote"><sup style="-uslm-dtd:superscript">3</sup><p style="-uslm-dtd:para; margin-left:1em">So in original, the semicolon probably should be a period.</p></footnote>
                    </paragraph>
                </subsection><editorialNote style="-uslm-dtd:usc-reference" role="uscRef"><b>[</b><ref href="/us/usc/t15/s3115">15 U.S.C. 3115</ref><b>]</b> </editorialNote>
            </section>
            <section style="-uslm-dtd:section" identifier="/us/sComp/95/523/tII/s206" styleType="traditional">
                <heading style="-uslm-dtd:header">job training, counseling and reservoirs of employment projects </heading>
                <num style="-uslm-dtd:enum" value="206">Sec. 206. </num><subsection style="-uslm-dtd:subsection" identifier="/us/sComp/95/523/tII/s206/a" styleType="OLC" class="inline"><num style="-uslm-dtd:enum" value="a">(a) </num><content style="-uslm-dtd:text">Further to promote achievement of full employment under this Act and the Employment Act of 1946, the President, through the Secretary of Labor, shall develop policies and procedures and, as necessary, recommend programs for providing employment opportunities to individuals aged 16 and over in the civilian labor force who are able, willing, and seeking to work but who, despite serious efforts to obtain employment, remain unemployed.</content></subsection>
                <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/95/523/tII/s206/b" styleType="OLC">
                    <num style="-uslm-dtd:enum" value="b">(b)<ref style="-uslm-dtd:footnote-ref" idref="IDAE5C94B57DB34CB3BE39592509B5F59C" class="footnoteRef">4</ref> </num><chapeau style="-uslm-dtd:text">In meeting the responsibilities under subsection (a), the Secretary of Labor shall, as appropriate, fully utilize the authority provided under the Job Training Partnership Act and title I of the Workforce Investment Act of 1998 and other relevant provisions of law to—</chapeau><footnote id="IDAE5C94B57DB34CB3BE39592509B5F59C" style="-uslm-dtd:footnote"><sup style="-uslm-dtd:superscript">4</sup><p style="-uslm-dtd:para; margin-left:1em">For version of law for the matter preceding paragraph (1) of section 206(b), as amended by section 512(m) of Public Law 113–128, see note below.</p></footnote>
                    <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/95/523/tII/s206/b/1" styleType="OLC">
                        <num style="-uslm-dtd:enum" value="1">(1) </num><content style="-uslm-dtd:text">assure the availability of counseling, training, and other support activities necessary to prepare persons willing and seeking work for employment;</content>
                    </paragraph>
                    <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/95/523/tII/s206/b/2" styleType="OLC">
                        <num style="-uslm-dtd:enum" value="2">(2) </num><content style="-uslm-dtd:text">refer persons able, willing, and seeking to work to job opportunities in the private sectors through the existing public employment placement facilities and through the United States Employment Service of the Department of Labor, including job opportunities in any positions created under programs established pursuant to sections 202, 204, and 205 of this Act; and</content>
                    </paragraph>
                    <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/95/523/tII/s206/b/3" styleType="OLC">
                        <num style="-uslm-dtd:enum" value="3">(3) </num><content style="-uslm-dtd:text">encourage flexi-time and part-time jobs for persons who are able, willing, and seeking employment but who are unable to work a standard workweek.</content>
                    </paragraph>
                </subsection><editorialNote style="-uslm-dtd:legis-comment"><b>[</b>Note: Section 512(m)(1)  of Public Law 113–128 provides for an amendment to the matter preceding paragraph (1) of section 206(b).  Section 506(a) of such Public Law provides as follows: “<quotedText style="-uslm-dtd:quote">[e]xcept as otherwise provided in this Act, this Act, including the amendments made by this Act, shall take effect on the first day of the first full program year after the date of enactment of this Act [enactment date is July 22, 2014]</quotedText>”. The effective date for the execution of such amendment is July 1, 2015. Upon such date, subsection (b) (as amended) reads as follows:<b>]</b> </editorialNote>
                <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/95/523/tII/s206/b" styleType="OLC" inEffect="false">
                    <num style="-uslm-dtd:enum" value="b">(b) </num><chapeau style="-uslm-dtd:text">In meeting the responsibilities under subsection (a), the Secretary of Labor shall, as appropriate, fully utilize the authority provided under title I of the Workforce Innovation and Opportunity Act   and other relevant provisions of law to—</chapeau>
                    <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/95/523/tII/s206/b/1" styleType="OLC">
                        <num style="-uslm-dtd:enum" value="1">(1) </num><content style="-uslm-dtd:text">assure the availability of counseling, training, and other support activities necessary to prepare persons willing and seeking work for employment;</content>
                    </paragraph>
                    <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/95/523/tII/s206/b/2" styleType="OLC">
                        <num style="-uslm-dtd:enum" value="2">(2) </num><content style="-uslm-dtd:text">refer persons able, willing, and seeking to work to job opportunities in the private sectors through the existing public employment placement facilities and through the United States Employment Service of the Department of Labor, including job opportunities in any positions created under programs established pursuant to sections 202, 204, and 205 of this Act; and</content>
                    </paragraph>
                    <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/95/523/tII/s206/b/3" styleType="OLC">
                        <num style="-uslm-dtd:enum" value="3">(3) </num><content style="-uslm-dtd:text">encourage flexi-time and part-time jobs for persons who are able, willing, and seeking employment but who are unable to work a standard workweek.</content>
                    </paragraph>
                </subsection>
                <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/95/523/tII/s206/c" styleType="OLC">
                    <num style="-uslm-dtd:enum" value="c">(c)</num><paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/95/523/tII/s206/c/1" styleType="OLC" class="inline"><num style="-uslm-dtd:enum" value="1">(1)<ref style="-uslm-dtd:footnote-ref" idref="IDAEE2D937D12B456B80A659B729EE7D13" class="footnoteRef">5</ref> </num><content style="-uslm-dtd:text">To the extent that individuals aged 16 and over and able, willing, and seeking to work are not and in the judgment of the President cannot be provided with private job opportunities or job opportunities under other programs and actions in existence, in accord with the goals and timetables set forth in the Employment Act of 1946, the President shall, as may be authorized by law, establish reservoirs of public employment and private nonprofit employment projects, to be approved by the Secretary of Labor, through expansion of  title I of the Workforce Investment Act of 1998 and other existing employment and training projects of through such new programs as are determined necessary by the President or through both such projects and such programs.</content><footnote id="IDAEE2D937D12B456B80A659B729EE7D13" style="-uslm-dtd:footnote"><sup style="-uslm-dtd:superscript">5</sup><p style="-uslm-dtd:para; margin-left:1em">For version of law for paragraph (1) of section 206(c), as amended by section 512(m)(2) of Public Law 113–128, see note below.</p></footnote></paragraph><editorialNote style="-uslm-dtd:legis-comment"><b>[</b>Note: Effective on July 1, 2015, section 512(m)(2) of Public Law 113–128 provides for an amendment to paragraph (1) of section 206(c) . Upon such date, paragraph (1) of subsection (c) (as amended) reads as follows: <editorialNote style="-uslm-dtd:legis-comment"><b>[</b>casterkx: editor note: change attribute to display=in-line when replacing this paragraph.<b>]</b></editorialNote><b>]</b> </editorialNote>
                    <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/95/523/tII/s206/c/1" styleType="OLC" class="leftIndentDecrease1" inEffect="false">
                        <num style="-uslm-dtd:enum" value="1">(1) </num><content style="-uslm-dtd:text">To the extent that individuals aged 16 and over and able, willing, and seeking to work are not and in the judgment of the President cannot be provided with private job opportunities or job opportunities under other programs and actions in existence, in accord with the goals and timetables set forth in the Employment Act of 1946, the President shall, as may be authorized by law, establish reservoirs of public employment and private nonprofit employment projects, to be approved by the Secretary of Labor, through expansion of activities under title I of the Workforce Innovation and Opportunity Act and other existing employment and training projects of through such new programs as are determined necessary by the President or through both such projects and such programs.</content>
                    </paragraph>
                    <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/95/523/tII/s206/c/2" styleType="OLC" class="leftIndentDecrease1">
                        <num style="-uslm-dtd:enum" value="2">(2) </num><chapeau style="-uslm-dtd:text">New programs as may be authorized by law after the date of enactment of this Act referred to in paragraph (c)(1)—</chapeau>
                        <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/95/523/tII/s206/c/2/A" styleType="OLC" class="leftIndentDecrease1">
                            <num style="-uslm-dtd:enum" value="A">(A) </num><content style="-uslm-dtd:text">shall not be put into operation earlier than two years after the enactment of this Act, nor without a finding by the President, transmitted to the Congress, that other means of employment are not yielding enough jobs to be consistent with attainment of the goals and timetables for the reduction of unemployment set forth in the Employment Act of 1946;</content>
                        </subparagraph>
                        <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/95/523/tII/s206/c/2/B" styleType="OLC" class="leftIndentDecrease1">
                            <num style="-uslm-dtd:enum" value="B">(B) </num><content style="-uslm-dtd:text">shall be designed so that no workers from private employment are drawn into the reservoir projects thereunder;</content>
                        </subparagraph>
                        <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/95/523/tII/s206/c/2/C" styleType="OLC" class="leftIndentDecrease1">
                            <num style="-uslm-dtd:enum" value="C">(C) </num><content style="-uslm-dtd:text">shall be useful and productive jobs;</content>
                        </subparagraph>
                        <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/95/523/tII/s206/c/2/D" styleType="OLC" class="leftIndentDecrease1">
                            <num style="-uslm-dtd:enum" value="D">(D) </num><content style="-uslm-dtd:text">shall be mainly in the lower ranges of skills and pay, and toward this end the number of reservoir jobs under such new programs shall, to the extent practicable, be maximized in relationship to the appropriations provided for such jobs;</content>
                        </subparagraph>
                        <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/95/523/tII/s206/c/2/E" styleType="OLC" class="leftIndentDecrease1">
                            <num style="-uslm-dtd:enum" value="E">(E) </num><content style="-uslm-dtd:text">shall be targeted on areas of high unemployment and on individuals who are structurally unemployed;</content>
                        </subparagraph>
                        <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/95/523/tII/s206/c/2/F" styleType="OLC" class="leftIndentDecrease1">
                            <num style="-uslm-dtd:enum" value="F">(F) </num><content style="-uslm-dtd:text">shall be phased in by the President as necessary, in conjunction with the employment goals under sections 3(a)(2) and 4(b) of the Employment Act of 1946.</content>
                        </subparagraph>
                    </paragraph>
                </subsection>
                <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/95/523/tII/s206/d" styleType="OLC">
                    <num style="-uslm-dtd:enum" value="d">(d) </num><chapeau style="-uslm-dtd:text">The Secretary, in carrying out the provisions of this section, shall establish regulations providing for—</chapeau>
                    <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/95/523/tII/s206/d/1" styleType="OLC">
                        <num style="-uslm-dtd:enum" value="1">(1) </num><content style="-uslm-dtd:text">an initial determination of the job seeker's ability to be employed at certain types and duration of work, so that such individual may be appropriately referred to jobs, training, counseling, and other supportive services;</content>
                    </paragraph>
                    <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/95/523/tII/s206/d/2" styleType="OLC">
                        <num style="-uslm-dtd:enum" value="2">(2) </num><content style="-uslm-dtd:text">compliance with the nondiscrimination provisions of this Act in accordance with section 401;</content>
                    </paragraph>
                    <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/95/523/tII/s206/d/3" styleType="OLC">
                        <num style="-uslm-dtd:enum" value="3">(3) </num><content style="-uslm-dtd:text">appropriate eligibility criteria to determine the order of priority of access of any person to any new programs under subsection (c) as may be authorized by law including but not necessarily limited to (A) household income, duration of unemployment (not less than five weeks), and the number of people economically dependent upon such person; and (B) denial of access to any person refusing to accept or hold a job except for good cause, as determined by the Secretary of Labor, including refusal to accept or hold a job subject to reference under subsection (b) paragraph (2), in order to seek a reservoir project job under subsection (c); and</content>
                    </paragraph>
                    <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/95/523/tII/s206/d/4" styleType="OLC">
                        <num style="-uslm-dtd:enum" value="4">(4) </num><content style="-uslm-dtd:text">such administrative appeal procedures as may be appropriate to review the initial determination of the abilities of persons willing, able, and seeking to work under paragraph (1) of this subsection and the employment need and eligibility under paragraph (3) of this subsection.</content>
                    </paragraph>
                </subsection><editorialNote style="-uslm-dtd:usc-reference" role="uscRef"><b>[</b><ref href="/us/usc/t15/s3116">15 U.S.C. 3116</ref><b>]</b> </editorialNote>
            </section>
            <section style="-uslm-dtd:section" identifier="/us/sComp/95/523/tII/s207" styleType="traditional">
                <heading style="-uslm-dtd:header">capital formation—private and public </heading>
                <num style="-uslm-dtd:enum" value="207">Sec. 207. </num><subsection style="-uslm-dtd:subsection" identifier="/us/sComp/95/523/tII/s207/a" styleType="OLC" class="inline"><num style="-uslm-dtd:enum" value="a">(a) </num><chapeau style="-uslm-dtd:text">The Congress finds that—</chapeau>
                <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/95/523/tII/s207/a/1" styleType="OLC">
                    <num style="-uslm-dtd:enum" value="1">(1) </num><content style="-uslm-dtd:text">promotion of full employment and balanced growth is in itself a principal avenue to high and sustained rates of capital formation;</content>
                </paragraph>
                <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/95/523/tII/s207/a/2" styleType="OLC">
                    <num style="-uslm-dtd:enum" value="2">(2) </num><content style="-uslm-dtd:text">high rates of capital formation are necessary to ensure adequate rates of capacity expansion and productivity growth, compliance with governmental health, safety and environmental standards, and the replacement of obsolete production equipment;</content>
                </paragraph>
                <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/95/523/tII/s207/a/3" styleType="OLC">
                    <num style="-uslm-dtd:enum" value="3">(3) </num><content style="-uslm-dtd:text">the ability of our economy to complete successfully in international markets, the development of new technology, improved working conditions, expanding job opportunities, and an increasing standard of living depend on the availability of adequate capital at reasonable cost to commerce and industry;</content>
                </paragraph>
                <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/95/523/tII/s207/a/4" styleType="OLC">
                    <num style="-uslm-dtd:enum" value="4">(4) </num><content style="-uslm-dtd:text">an important goal of national policy shall be to remove obstacles to the free flow of resources into new investment, particularly those obstacles that hinder the creation and growth of smaller business because general national programs and policies to aid and stimulate private enterprise are not sufficient to deal with the special problems and needs of smaller business; and</content>
                </paragraph>
                <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/95/523/tII/s207/a/5" styleType="OLC">
                    <num style="-uslm-dtd:enum" value="5">(5) </num><content style="-uslm-dtd:text">while private business firms, are, and should continue to be, the major source of investment, the investment activities of the Federal, State, and local governments play an important role in affecting the level of output, employment, and productivity and in achieving other national purposes.</content>
                </paragraph></subsection>
                <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/95/523/tII/s207/b" styleType="OLC">
                    <num style="-uslm-dtd:enum" value="b">(b) </num><content style="-uslm-dtd:text">The Economic Report shall include an Investment Policy Report which shall, as appropriate, (1) review and assess existing Federal Government programs and policies which affect business investment decisions, including, but not limited to, the relevant aspects of the tax code, Federal expenditure policy, Federal regulatory policy, international trade policy, and Federal support for research, development, and diffusion of new technologies; (2) provide an assessment of the levels of investment capital available, required by, and applied to small, medium and large business entities; (3) provide an analysis of current and foreseeable trends in the level of investment capital available to such entities; and (4) provide a description of programs and proposals for carrying out the policy set forth in section 102(i). In addition, the Economic Report shall include an assessment of the effect of the overall economic policy environment and the rate of inflation on business investment. The President shall recommend in the President's Budget, as appropriate, new programs or modifications to improve existing programs concerned with private capital formation. The President shall also transmit to the Congress as part of the President's Budget such other recommendations as the President may deem necessary or desirable to achieve the policy as set forth in section 102(i). The Investment Policy Report, when transmitted to the Congress, shall be referred to the Joint Economic Committee.</content>
                </subsection>
                <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/95/523/tII/s207/c" styleType="OLC">
                    <num style="-uslm-dtd:enum" value="c">(c) </num><content style="-uslm-dtd:text">The Economic Report referred to in subsection (b) shall review and assess Federal policies and programs which directly, or through grants-in-aid to State and local governments, or indirectly through other means, affect the adequacy, composition, and effectiveness of public investments, as a means of achieving the goals off this Act and the Employment Act of 1946. The President shall recommend, as appropriate, new programs and policies or modifications to improve existing Federal programs affecting public investment.</content>
                </subsection><editorialNote style="-uslm-dtd:usc-reference" role="uscRef"><b>[</b><ref href="/us/usc/t15/s3117">15 U.S.C. 3117</ref><b>]</b> </editorialNote>
            </section>
        </title>
        <title style="-uslm-dtd:title; -uslm-dtd-nonstandard:all-cap 10 no-bold" identifier="/us/sComp/95/523/tIII" styleType="nonstandard">
            <num style="-uslm-dtd:enum" value="III">TITLE III—</num><heading style="-uslm-dtd:header">POLICIES AND PROCEDURES FOR CONGRESSIONAL REVIEW </heading>
            <section style="-uslm-dtd:section" identifier="/us/sComp/95/523/tIII/s301" styleType="traditional">
                <heading style="-uslm-dtd:header">statement of purpose </heading>
                <num style="-uslm-dtd:enum" value="301">Sec. 301. </num><subsection style="-uslm-dtd:subsection" identifier="/us/sComp/95/523/tIII/s301/a" styleType="OLC" class="inline"><num style="-uslm-dtd:enum" value="a">(a) </num><content style="-uslm-dtd:text">The purposes of this title are to establish procedures for congressional review and action with respect to the Economic Report of the President (hereinafter in this title referred to as the “<quotedText style="-uslm-dtd:quote">Economic Report</quotedText>”), the report of the Board of Governors of the Federal Reserve System, and the order policies and provisions of this Act and the Employment Act of 1946.</content></subsection>
                <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/95/523/tIII/s301/b" styleType="OLC">
                    <num style="-uslm-dtd:enum" value="b">(b) </num><content style="-uslm-dtd:text">The Congress shall initiate or develop such legislation as it deems necessary to implement proposals and objectives pursuant to this Act and the Employment Act of 1946 after such modification in such proposals as it deems desirable. Nothing in this title 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 act.</content>
                </subsection><editorialNote style="-uslm-dtd:usc-reference" role="uscRef"><b>[</b><ref href="/us/usc/t15/s3131">15 U.S.C. 3131</ref><b>]</b> </editorialNote>
            </section>
            <section style="-uslm-dtd:section" identifier="/us/sComp/95/523/tIII/s302" styleType="traditional">
                <heading style="-uslm-dtd:header">committee review </heading>
                <num style="-uslm-dtd:enum" value="302">Sec. 302. </num><subsection style="-uslm-dtd:subsection" identifier="/us/sComp/95/523/tIII/s302/a" styleType="OLC" class="inline"><num style="-uslm-dtd:enum" value="a">(a) </num><content style="-uslm-dtd:text">In conjunction with its review of the Economic Report, and the holding of hearings on the Economic Report under the Employment Act of 1946, the Joint Economic Committee shall review and analyze the short-term and medium-term goals set forth in the Economic Report pursuant to sections 3(a)(2) and 4(b) of the Employment Act of 1946 (as amended by sections 103 and 104 of this Act).</content></subsection>
                <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/95/523/tIII/s302/b" styleType="OLC">
                    <num style="-uslm-dtd:enum" value="b">(b) </num><content style="-uslm-dtd:text">The Joint Economic Committee shall hold hearings on the Economic Report for the purpose of receiving testimony from Members of the Congress; and such appropriate representatives of Federal departments and agencies, the general public, and interested groups as the joint committee deems advisable. The joint committee shall also consider the comments and views on the Economic Report which are received from State and local officials.</content>
                </subsection>
                <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/95/523/tIII/s302/c" styleType="OLC">
                    <num style="-uslm-dtd:enum" value="c">(c) </num><content style="-uslm-dtd:text">Within thirty days after receipt by the Congress of the Economic Report, each standing committee of the Senate and the House of Representatives, each other committee of the Senate and the House of Representatives which has legislative jurisdiction, and each joint committee of the Congress may submit to the Joint Economic Committee, for use by the Joint Economic Committee in conducting its review and analysis under subsection (a), a report containing the views and recommendations of the submitting committee with respect to aspects of the Economic Report which relate to its jurisdiction.</content>
                </subsection>
                <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/95/523/tIII/s302/d" styleType="OLC">
                    <num style="-uslm-dtd:enum" value="d">(d) </num><content style="-uslm-dtd:text">On or before March 15 of each year, a majority of the members of the Joint Economic Committee shall submit a report of the Committees on the Budget of the Senate and the House of Representatives. Such report shall include findings, recommendations, and any appropriate analyses with respect and in direct comparison to each of the short-term and medium-term goals set forth in the Economic Report.</content>
                </subsection><editorialNote style="-uslm-dtd:usc-reference" role="uscRef"><b>[</b><ref href="/us/usc/t15/s3132">15 U.S.C. 3132</ref><b>]</b> </editorialNote>
            </section>
            <section style="-uslm-dtd:section" identifier="/us/sComp/95/523/tIII/s303" styleType="traditional">
                <heading style="-uslm-dtd:header">review of economic report as part of congressional budget process </heading>
                <num style="-uslm-dtd:enum" value="303">Sec. 303. </num><editorialNote style="-uslm-dtd:legis-comment"><b>[</b>This section amends the Congressional Budget Act of 1974 (2 U.S.C. 632, 636).<b>]</b> </editorialNote>
                <elided style="-uslm-dtd:omitted-text">* * * * * * *</elided>
            </section>
            <section style="-uslm-dtd:section" identifier="/us/sComp/95/523/tIII/s304" styleType="traditional">
                <heading style="-uslm-dtd:header">modification of timetable for achieving unemployment goals </heading>
                <num style="-uslm-dtd:enum" value="304">Sec. 304. </num><editorialNote style="-uslm-dtd:legis-comment"><b>[</b>This section amends the Congressional Budget Act of 1974 (2 U.S.C. 632, 636).<b>]</b> </editorialNote>
                <elided style="-uslm-dtd:omitted-text">* * * * * * *</elided>
            </section>
            <section style="-uslm-dtd:section" identifier="/us/sComp/95/523/tIII/s305" styleType="traditional">
                <heading style="-uslm-dtd:header">exercise of rulemaking powers </heading>
                <num style="-uslm-dtd:enum" value="305">Sec. 305. </num><subsection style="-uslm-dtd:subsection" identifier="/us/sComp/95/523/tIII/s305/a" styleType="OLC" class="inline"><num style="-uslm-dtd:enum" value="a">(a) </num><chapeau style="-uslm-dtd:text">The Provisions of this title and the amendments made by such provisions are enacted by the Congress—</chapeau>
                <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/95/523/tIII/s305/a/1" styleType="OLC">
                    <num style="-uslm-dtd:enum" value="1">(1) </num><content style="-uslm-dtd:text">as an exercise of the rulemaking power of the House of Representatives and the Senate, respectively, and as such they shall be considered as part of the rules of each House, respectively, or of that House to which they specifically apply, and such rules shall supersede other rules only to the extent that they are inconsistent therewith; and</content>
                </paragraph>
                <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/95/523/tIII/s305/a/2" styleType="OLC">
                    <num style="-uslm-dtd:enum" value="2">(2) </num><content style="-uslm-dtd:text">with full recognition of the constitutional right of either House to change such rules (so far as relating to such House), at any time, in the same manner and to the same extent as in the case of any other rule of such House.</content>
                </paragraph></subsection><editorialNote style="-uslm-dtd:usc-reference" role="uscRef"><b>[</b><ref href="/us/usc/t15/s3133">15 U.S.C. 3133</ref><b>]</b> </editorialNote>
            </section>
        </title>
        <title style="-uslm-dtd:title; -uslm-dtd-nonstandard:all-cap 10 no-bold" identifier="/us/sComp/95/523/tIV" styleType="nonstandard">
            <num style="-uslm-dtd:enum" value="IV">TITLE IV—</num><heading style="-uslm-dtd:header">GENERAL PROVISIONS </heading>
            <section style="-uslm-dtd:section" identifier="/us/sComp/95/523/tIV/s401" styleType="traditional">
                <heading style="-uslm-dtd:header">nondiscrimination </heading>
                <num style="-uslm-dtd:enum" value="401">Sec. 401. </num><subsection style="-uslm-dtd:subsection" identifier="/us/sComp/95/523/tIV/s401/a" styleType="OLC" class="inline"><num style="-uslm-dtd:enum" value="a">(a) </num><content style="-uslm-dtd:text">No person in the United States shall on the grounds of sex, age, race, color, religion, national origin or handicap be excluded from participation in, be denied the benefits of, or be subjected to discrimination under any program or activity funded pursuant to the implementation of this Act, including membership in any structure created by this Act.</content></subsection>
                <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/95/523/tIV/s401/b" styleType="OLC">
                    <num style="-uslm-dtd:enum" value="b">(b) </num><chapeau style="-uslm-dtd:text">Whenever the Secretary of Labor determines that a recipient of funds made available pursuant to this Act has failed to comply with subsection (a), or an applicable regulation, the Secretary shall notify the recipient of the noncompliance and shall request such recipient to secure compliance. If within a reasonable period of time, not to exceed sixty days, the recipient fails or refuses to secure compliance, the Secretary of Labor may—</chapeau>
                    <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/95/523/tIV/s401/b/1" styleType="OLC">
                        <num style="-uslm-dtd:enum" value="1">(1) </num><content style="-uslm-dtd:text">refer the matter to the Attorney General with a recommendation that an appropriate civil action be instituted.</content>
                    </paragraph>
                    <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/95/523/tIV/s401/b/2" styleType="OLC">
                        <num style="-uslm-dtd:enum" value="2">(2) </num><content style="-uslm-dtd:text">exercise the powers and functions provided by title VI of the Civil Rights Act of 1964 (42 U.S.C. 2000d et seq.); or</content>
                    </paragraph>
                    <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/95/523/tIV/s401/b/3" styleType="OLC">
                        <num style="-uslm-dtd:enum" value="3">(3) </num><content style="-uslm-dtd:text">take such other action as may be provided by law.</content>
                    </paragraph>
                </subsection>
                <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/95/523/tIV/s401/c" styleType="OLC">
                    <num style="-uslm-dtd:enum" value="c">(c) </num><content style="-uslm-dtd:text">When a matter is referred to the Attorney General pursuant to subsection (b), or whenever the Attorney General has reason to believe that a recipient is engaged in a pattern or practice in violation of the provisions of this section, the Attorney General may bring a civil action in the appropriate United States district court for any and all appropriate relief.</content>
                </subsection>
                <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/95/523/tIV/s401/d" styleType="OLC">
                    <num style="-uslm-dtd:enum" value="d">(d) </num><content style="-uslm-dtd:text">To assist and evaluate the enforcement of this section, and the broader equal employment opportunity policies of this Act, the Secretary of Labor shall include, in the annual report referred to in section 4(f)(2)(B) of the Employment Act of 1946 (15 U.S.C. 1022a(f)(2)(B)), a detailed analysis of the extent to which the enforcement of this section achieves positive results in both the quantity and quality of jobs, and for employment opportunities generally.</content>
                </subsection><editorialNote style="-uslm-dtd:usc-reference" role="uscRef"><b>[</b><ref href="/us/usc/t15/s3151">15 U.S.C. 3151</ref><b>]</b> </editorialNote>
            </section>
            <section style="-uslm-dtd:section" identifier="/us/sComp/95/523/tIV/s402" styleType="traditional">
                <heading style="-uslm-dtd:header">labor standards </heading>
                <num style="-uslm-dtd:enum" value="402">Sec. 402. </num><subsection style="-uslm-dtd:subsection" identifier="/us/sComp/95/523/tIV/s402/a" styleType="OLC" class="inline"><num style="-uslm-dtd:enum" value="a">(a) </num><content style="-uslm-dtd:text">Any new program enacted and funded pursuant to the implementation of this Act shall, subject to any limitations on maximum annual compensation as may be provided in the law authorizing such programs, provide that persons employed are paid equal wages for equal work, and that such policies and programs create a net increase in employment through work that would not otherwise be done or are essential to fulfill national priority purposes.</content></subsection>
                <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/95/523/tIV/s402/b" styleType="OLC">
                    <num style="-uslm-dtd:enum" value="b">(b) </num><content style="-uslm-dtd:text">Any person employed in any reservoir project enacted and funded pursuant to the implementation of section 206(c)(1), or in any other job created pursuant to implementation of this Act, shall, subject to any limitations on maximum annual compensation as may be provided in the law authorizing such programs, be paid not less than the pay received by others performing the same type of work for the same employer, and in no case less than the minimum wage under the Fair Labor Standards Act of 1938. No person employed in any reservoir project enacted and funded pursuant to implementation of section 206(c)(1) shall perform work of the type to which the Davis-Bacon Act (40 U.S.C. 276a—257a–5) applies, except as otherwise may be specifically authorized by law.</content>
                </subsection>
                <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/95/523/tIV/s402/c" styleType="OLC">
                    <num style="-uslm-dtd:enum" value="c">(c) </num><content style="-uslm-dtd:text">Any recommendation by the President for legislation to implement any program enacted pursuant to the provisions of this Act, requiring the use of funds under this Act, and submitted pursuant to the requirements of this Act, shall contain appropriate wage provisions based upon existing wage standard legislation.</content>
                </subsection><editorialNote style="-uslm-dtd:usc-reference" role="uscRef"><b>[</b><ref href="/us/usc/t15/s3152">15 U.S.C. 3152</ref><b>]</b> </editorialNote>
            </section>
        </title>
    </main>
</statuteCompilation>
