Page:United States Statutes at Large Volume 52.djvu/746

 52 STAT.] 75TH CONG. , 3D SESS.--CHS. 455, 456 -JUNE 16, 1938 this joint resolution. The expenses of the committee, which shall not exceed $10,000, shall be paid one-half from the contingent fund of the Senate and one-half from the contingent fund of the House of Representatives upon vouchers approved by the chairman of the committee. SEC. 4. The committee shall have power to employ and fix the compensation of such officers, experts, and employees as it deems necessary in the performance of its duties, but the compensation so fixed shall not exceed the compensation fixed under the Classifica- tion Act of 1923, as amended, for comparable duties. The committee is authorized to utilize the services, information, facilities, and per- sonnel of the departments and agencies of the executive branch of the Government. Approved, June 16, 1938. 705 Limitation on ex- pense; division of. Personal services. 5U.S.C.§§661- 674; Supp. III, §§ 673, 673c. Utilization of facili- ties, etc., of Govern- ment agencies. [CHAPTER 456] JOINT RESOLUTION To create a temporary national economic committee. Resolved by the Senate and House of Representatives of the United States of America in Congress assembled, That there is hereby estab- lished a temporary national economic committee (hereinafter referred to as the "committee"), to be composed of (1) three Members of the Senate, to be appointed by the President of the Senate; (2) three Members of the House of Representatives, to be appointed by the Speaker of the House of Representatives; and (3) one representative from each of the following departments and agencies, to be desig- nated by the respective heads thereof: Department of Justice, Depart- ment of the Treasury, Department of Labor, Department of Com- merce, the Securities and Exchange Commission, and the Federal Trade Commission. Such representative may designate an alternate to sit and act for him on the committee in his absence. Any such alternate, while so acting, shall have the same rights, powers, and duties as are conferred and imposed upon a member of the committee by this joint resolution. Any member appointed under clauses (1) and (2) may, when unable to attend a meeting of the committee, authorize another such member to act and vote for him in his absence. A vacancy in the committee shall not affect the power of the remain- ing members to execute the functions of the committee and shall be filled in the same manner as the original selection. SEC. 2. It shall be the duty of the committee- (a) To make a full and complete study and investigation with respect to the matters referred to in the President's message of April 29, 1938, on monopoly and the concentration of economic power in and financial control over production and distribution of goods and services and to hear and receive evidence thereon, with a view to determining, but without limitation, (1) the causes of such concen- tration and control and their effect upon competition; (2) the effect of the existing price system and the price policies of industry upon the general level of trade, upon employment, upon long-term profits, and upon consumption; and (3) the effect of existing tax, patent, and other Government policies upon competition, price levels, unemploy- ment, profits, and consumption; and shall investigate the subject of governmental adjustment of the purchasing power of the dollar so as to attain 1926 commodity price levels; and (b) To make recommendation to Congress with respect to legisla- tion upon the foregoing subjects, including the improvement of anti- trust policy and procedure and the establishment of national stand- ards for corporations engaged in commerce among the States and with foreign nations. 36525°-38- - -5 June 16, 1938 [S. J. Res. 300] [Pub. Res., No. 113] Temporary national economic committee. Establishment and composition. Alternates. Proxies. Vacancies. Duties. Study of monopoly and concentration of economic power, etc. Causes and effect of concentration, etc. Existing price sys- tem. Effect of Govern- ment policies upon competition, etc. Adjustment of pur- chasing power of the dollar. Recommendations for appropriate legis- lation.

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