Page:United States Statutes at Large Volume 86.djvu/689

 86 STAT. ]

PUBLIC LAW 92-412-AUG. 29, 1972

(li) consistency between domestic and foreign economic policy: and (C) close coordination with basic foreign policy objectives. The Congress intends that the Council shall be provided with the opportunity to (i) investigate problems with respect to the coordination, implementation, and long-range development of international economic policy, and (ii) make appropriate findings and lecommendations for the purpose of assisting in the development of a rational and orderly international economic policy for the Ignited States. CREATION o r COUNCIL ON INTERNATIONAL ECONOMIC POLICY

SEC. 204. There is created in the Executive Office of the President a Council on International Economic Policy (hereinafter referred to in this title as the "Council''). MEMBERSHIP

SEC. 205. The Council shall be composed of the following members and such additional members as the President may designate: (1) The President. (2) The Secretary of State. (3) The Secretary of the Treasury. (4) The Secretary of Defense. ' (5) The Secretary of Agriculture. (6) The Secretary of Commerce. (7) The Secretary of Labor. (8) TheDirectorof the Office of Management and Budget. (9) The Chairman of the Council of Economic Advisers. (10) The Special Representative for Trade Negotiations. The President shall be the Chairman of the Council and shall preside over the meetings of the Council; in his absence he may designate a member of the Council to preside in his place. DUTIES o r THE COUNCIL

SEC. 206. Subject to the direction of the President, and in addition to performing such other functions as he may direct, the Council shall— (1) Assist and advise the President in the preparation of the International Economic Report required under section 207. (2) Review the activities and the policies of the United States Government which indirectly or directly relate to international economics and, for the purpose of making recommendations to the President in connection therewith, consider with some degree of specificity the substance and scope of the international economic policy of the United States, which consideration shall include examination of the economic activities of (A) the various agencies, departments, and instrumentalities of the Federal Government, (B) the several States, and (C) private industry. (3) Collect, analyze, and evaluate authoritative information, current and prospective, concerning international economic matters. Such evaluations shall include but not be limited to the impact of international trade on the level, stability, and financial rewards for domestic labor and the impact of the transnational corporation on international trade flows. (4) Consider policies and programs for coordinating the activities of all the departments and agencies of the United States with one another for the purpose of accomplishing a more con82-081 O - 73 - 44

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