§ 1022a. Medium-term economic goals and policies respecting full employment and balanced growth

Footnotes

1. 1 So in original. Probably should be “subsection”.
2. 2 So in original. Probably should be followed by a comma.

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 1946

   Full Employment and Balanced Growth Act of 1978

   Pub. L. 95–523 title I § 104 · 92 Stat. 1887

   Enacted · 15 U.S.C. § 1022a

   Feb. 20, 1946, ch. 33, § 4, as added Pub. L. 95–523, title I, § 104, Oct. 27, 1978, 92 Stat. 1893

   Source evidence

   Code source credit
   Feb. 20, 1946, ch. 33, § 4, as added Pub. L. 95–523, title I, § 104, Oct. 27, 1978, 92 Stat. 1893

   Enacted provision · exact public law section
   Sec. 104. full employment and balanced growth: medium-term economic goals and policies The Employment Act of 1946 is amended by redesignating sections 4 and 5 as sections 10 and 11, respectively, and by inserting a new section 4 as follows: “Sec. 4. “full employment and balanced growth: medium-term economic goals and policies (a) In each Economic Report after enactment of the Full 15 USC 1022a. Employment and Balanced Growth Act of 1978, the President shall incorporate (as part of the five-year numerical goals in each Economic Report) medium-term annual numerical goals specified in section 3(a)(2)(B), and in each President’s Budget submitted immediately Ante, p. 1892. prior thereto, the President shall incorporate the programs and policies the President deems necessary to achieve such medium-term goals and a balanced Federal budget and to achieve reasonable price stability as rapidly as feasible as provided for in section 5(b) of this Act. “(b) The medium-term goals in the first three Economic Reports and, subject to the provisions of subsection (d), in each Economic Report thereafter shall include (as part of the five-year goals in each Economic Report) interim numerical goals for— “(1) reducing the rate of unemployment, as set forth pursuant to section 3(d) of this Act, to not more than 3 per centum Supra. among individuals aged twenty and over and 4 per centum among individuals aged sixteen and over within a period not extending beyond the fifth calendar year after the first such Economic Report; and “(2) reducing the rate of inflation, as set forth pursuant to section 3(e) of this Act, to not more than 3 per centum Supra. within a period not extending beyond the fifth calendar year after the first such Economic Report: Provided, That policies and programs for reducing the rate of inflation shall be designed so as not to impede achievement of the goals and timetables specified in clause (1) of this subsection for the reduction of unemployment. For purposes of this subsection, the first Economic Report shall be the Report issued in the first calendar year after enactment of the Full Employment and Balanced Growth Act of 1978. “(c) (1) Upon achievement of the 3 and 4 per centum goals specified in subsection (b)(1), each succeeding Economic Report shall have the goal of achieving as soon as practicable and maintaining thereafter full employment and a balanced budget. “(2) Upon achievement of the 3 per centum goal specified in subsection (b)(2), each succeeding Economic Report shall have the goal of achieving by 1988 a rate of inflation of zero per centum: Provided, That policies and programs for reducing the rate of inflation shall be designed so as not to impede achievement of the goals and timetables specified in clause (1) of this subsection for the reduction of unemployment. “(d) In the second Economic Report after enactment of the Full Employment and Balanced Growth Act of 1978, the President shall review the numerical goals and timetables for the reduction of unemployment and inflation and the goal of balancing the Federal budget; report to the Congress on the degree of progress being made, the programs and policies being used, and any obstacles to achieving such goals and timetables; and, if necessary, propose corrective economic measures toward achievement of such goals and timetables: Provided, That beginning with the second Report and in any subsequent Reports, if the President finds it necessary, the President may recommend modification of the timetable or timetables for the achievement of the goals provided for in subsection (b) and the annual numerical goals to make them consistent with the modified timetable or timetables, and the Congress may take such action as it deems appropriate consistent with title III of the Full Employment and Balanced Post, p. 1904. Growth Act of 1978. “(e) If, after achievement of the 3 and 4 per centum goals specified in subsection (b), the unemployment rate for a year as set forth Ante, p. 1893. pursuant to section 3(d) of this Act is more than 3 per centum among individuals aged twenty and over or more than 4 per centum among individuals aged sixteen and over, the next Economic Report after such rate is set forth and each succeeding Economic Report shall include (as part of the five-year goals in each Economic Report) the interim numerical goal or reducing unemployment to not more than the levels specified in subsection (b)(1) as soon as practicable but not later than the fifth calendar year after the first such Economic Report, counting as the first calendar year the year in which such Presidential recommendation. Economic Report is issued: Provided, That, if the President finds it necessary, the President may, under the authority provided in subsection (d), recommend modification of the timetable provided for in this subsection for the reduction of unemployment, and for the purposes of section 304 of the Full Employment and Balanced Growth Post, p. 1906. Act of 1978, such recommendation by the President shall be treated as a recommendation made under subsection (d) of this section. “(f) (1) In taking action to reduce unemployment in accord with the numerical goals and timetable established under section (b), every effort shall be made to reduce those differences between the rates of unemployment among youth, women minorities, handicapped persons, veterans, middle-aged and older persons and other labor force groups and the overall rate of unemployment which are caused by any improper factors with the ultimate objective of removing such differentials to the extent possible. “(2) Insofar as the differences specified in the preceding paragraph are due to lack of training and skills, occupational practices, and other relevant factors, the Secretary of Labor shall— “(A) take such action as practicable to achieve the objectives of this subsection; “(B) make studies, develop information, and make recommendations toward remedying these differences in rates of unemployment, and include these in the annual Employment and Training Report of the President required under section 705(a) of the Comprehensive Employment and Training Act of 1973 (hereinafter Post, p. 2021. in this Act referred to as ‘CETA’); and “(C) make recommendations, as deemed necessary, to the Congress related to the objectives of this paragraph. “(g) (1) The term ‘middle-aged and older persons’ as used in this Definitions. section includes any individual forty-five years of age or older. “(2) For purposes of this subsection, the term ‘veteran’ shall mean the same as defined in section 2011(1) or (2)(A) of title 38, United States Code.”.

2. 1979

   Pub. L. 96–10 § 6(a) · 93 Stat. 23

   Added · 15 U.S.C. § 1022a(b)(3)

   Pub. L. 96–10, § 6(a), added par. (3)

   Source evidence

   Code amendment note
   Subsec. (b)(3). Pub. L. 96–10, § 6(a), added par. (3).

   Enacted provision · exact public law section
   (a) Section 4(b) of the Employment Act of 1946 is amended— 15 USC 1022a. (1) in clause (1), by striking out “and” at the end thereof; (2) in clause (2), by striking out the period at the end thereof and inserting in lieu thereof “, and ”; and (3) by adding at the end thereof the following: Nation’s gross national product, reduction. “(3) reducing the share of the Nation’s gross national product accounted for by Federal outlays to 21 per centum or less by 1981, and to 20 per centum or less by 1983 and thereafter, or the lowest level consistent with national needs and priorities: Provided, That policies and programs for achieving the goal specified in this clause shall be designed so as not to impede achievement of the goals and timetables specified in clause (1) of this subsection for the reduction of unemployment.”.

3. 1979

   Pub. L. 96–10 § 6(b) · 93 Stat. 23

   Added · 15 U.S.C. § 1022a(c)(3)

   Pub. L. 96–10, § 6(b), added par. (3)

   Source evidence

   Code amendment note
   Subsec. (c)(3). Pub. L. 96–10, § 6(b), added par. (3).

   Enacted provision · exact public law section
   (b) Section 4(c) of such Act is amended by adding at the end thereof the following: “(3) Upon achievement of the 20 per centum goal specified in subsection (b)(3), each succeeding Economic Report shall have the goal of establishing the share of an expanding gross national product accounted for by Federal outlays at a level of 20 per centum or less, or the lowest level consistent with national needs and priorities: Provided, That policies and programs for achieving the goal specified in this clause shall be designed so as not to impede achievement of the goals and timetables specified in subsection (b)(1) for the reduction of unemployment.”.

4. 1979

   Pub. L. 96–10 § 6(c) · 93 Stat. 23

   Inserted · 15 U.S.C. § 1022a(d)

   Pub. L. 96–10, § 6(c), inserted reference to Federal outlays as a proportion of gross national product

   Source evidence

   Code amendment note
   Subsec. (d). Pub. L. 96–10, § 6(c), inserted reference to Federal outlays as a proportion of gross national product.

   Enacted provision · exact public law section
   (c) The first sentence of section 4(d) of such Act is amended— (1) by striking out “and” after “unemployment” and inserting in lieu thereof a comma; and (2) by inserting after “inflation” the following: “, and Federal outlays as a proportion of gross national product,”.

5. 1994

   Veterans’ Benefits Improvements Act of 1994

   Pub. L. 103–446 title XII § 1203(c)(4) · 108 Stat. 4645

   1. Substituted · 15 U.S.C. § 1022a(g)(2)

      Pub. L. 103–446 substituted “this section” for “this subsection”

   2. Substituted · 15 U.S.C. § 1022a(g)(2)

      Pub. L. 103–446 substituted “section 4211(1) or (2) of title 38” for “section 2011(1) or (2)(A) of title 38”

   Source evidence

   Code amendment note
   Subsec. (g)(2). Pub. L. 103–446 substituted “this section” for “this subsection” and “section 4211(1) or (2) of title 38” for “section 2011(1) or (2)(A) of title 38”.

   Enacted provision · exact public law section
   (4) Section 4(g)(2) of the Employment Act of 1946 (15 U.S.C. 1022a(g)(2)) is amended— (A) by striking out “this subsection” and inserting in lieu thereof “this section”; and (B) by striking out “section 2011(1) or (2)(A)” and inserting in lieu thereof “section 4211(1) or (2)”.

6. 1998

   Pub. L. 105–277 div. A § 101(f)(tVIII)(s405)(d)(11) · 112 Stat. 2681

   Substituted · 15 U.S.C. § 1022a(f)(2)(B)

   Pub. L. 105–277 substituted “and prepare and submit to the President an annual report containing the recommendations” for “and include these in the annual Employment and Training Report of the President required under section 705(a) of the Comprehensive Employment and Training Act of 1973 (hereinafter in this chapter referred to as ‘CETA’)”

   Source evidence

   Code amendment note
   Subsec. (f)(2)(B). Pub. L. 105–277 substituted “and prepare and submit to the President an annual report containing the recommendations” for “and include these in the annual Employment and Training Report of the President required under section 705(a) of the Comprehensive Employment and Training Act of 1973 (hereinafter in this chapter referred to as ‘CETA’)”.

   Enacted provision · exact public law section
   Sec. 101. For programs, projects or activities in the Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act, 1999, provided as follows, to be effective as if it had been enacted into law as the regular appropriations Act: AN ACT Making appropriations for Agriculture, Rural Development, Food and Drug Administration, and Related Agencies programs for the fiscal year ending September 30, 1999, and for other purposes. Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act, 1999.

7 of 7 references resolved to an enrolled provision