Page:United States Statutes at Large Volume 88 Part 1.djvu/794

 750 GAO a u d i t, s u b mittal to Congress. 15 USC 633 note.

PUBLIC LAW 93-387-AUG. 24, 1974

[88 STAT.

SEC. 13. The General Accounting Office is directed to conduct a fullscale audit of the Small Business Administration, including all field offices. This audit shall be submitted to the House and Senate not later than six months from the date of enactment of this Act. Approved August 23, 1974. Public Law 93-387

August 24, 1974 [S.3919]

Council on Wage and Price Stability Act. 12 USC 1904 note. Council on Wage and Price Stability. Establishment. 12 USC 1904 note.

5 USC 5315 note.

5 USC 5332 note. 5 USC 101 et seq.

E x p e r t s and consultants.

Duties. 12 USC 1904 note.

AN ACT To authorize the establishment of a Council on AVage and Price Stability.

Be it enacted by the Senate and House of Representatives of the United /States of America in Congress assembled, That this Act may be cited as the "Council on Wage and Price Stability Act". SEC. 2. (a) The President is authorized to establish, within the Executive Office of the President, a Council on Wage and Price Stability (hereinafter referred to as the "Council"). (b) The Council shall consist of eight members appointed by the President and four adviser-members also appointed by the President. The Chairman of the Council shall be designated by the President. (c) There shall be a Director of the Council who shall be appointed by the President. The Director shall be compensated at the rate prescribed for level IV of the Executive Schedule by section 5315 of title 5, United States Code. The Director of the Council shall perform such functions as the President or the Chairman of the Council may prescribe. The Deputy Director shall perform such functions as the Chairman or the Director of the Council may prescribe. (d) The Director of the Council may employ and fix the compensation of such officers and employees, including attorneys, as are necessary to perform the functions of the Council at rates not to exceed the highest rate for grade 15 of the General Schedule under section 5332 of title 5, United States Code. Except that the Director, with the approval of the Chairman may, without regard to the provisions of title 5, United States Code, relating to appointments in the competitive service, appoint and fix the compensation of not to exceed five positions at the rates provided for grades 16, 17, and 18 of such General Schedule, to carry out the functions of the Council. (e) The Director of the Council may employ experts, expert witnesses, and consultants in accordance with the provisions of section 3109 of title 5, United States Code, and compensate them at rates not in excess of the maximum daily rate prescribed for grade 18 of the General Schedule under section 5332 of title 5, United States Code. (f) The Director of the Council may, with their consent, utilize the services, personnel, equipment, and facilities of Federal, State, regional, and local public agencies and instrumentalities, with or without reimbursement therefor, and may transfer funds made available pursuant to this Act to Federal, State, regional, and local public agencies and instrumentalities as reimbursement for utilization of such services, personnel, equipment, and facilities. SEC. 3. (a) The Council shall— (1) review and analyze industrial capacity, demand, supply, and the effect of economic concentration and anticompetitive practiceSj and supply in various sectors of the economy, working with the industrial groups concerned and appropriate governmental agencies to encourage price restraint; (2) work with labor and management in the various sectors of the economy having special economic problems, as well as with appropriate government agencies, to improve the structure of

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