Page:United States Statutes at Large Volume 91.djvu/1711

 CONCURRENT RESOLUTIONS—JULY 18, 1977

91 STAT. 1677

Whereas such changes have rendered ineffective traditional remedies for achieving aims of the Employment Act of 1946 and made necessary the fornmlation of new policy approaches; and Whereas the Joint Economic Committee is charged by law with the responsibility of carrying on a continuing study of matters relating to the Economic Report of the President and with providing guidance to the several committees of the Congress dealing with legislation relating to the Economic Report of the President and with providing guidance to the several committees of the Congress dealing with legislation relating to public economic policy: Now, therefore, be it Resolved by the House of Representatives {the Senate concurring), That the Joint Economic Committee, or any subcommittee thereof as authorized by the Employment Act of 1946, shall undertake as soon 15 USC 1021 as possible an investigation of past and prospective changes in the note. United States and world economies and the impact of such changes on the economies of the United States and other nations. SEC. 2. The Joint Economic Committee shall provide the Congress Recommendations with recommendations for meeting the economic policy requirements to Congress. of the United States, taking account of the economic consequences of demographic trends; the economic impact of materials, prices, availability and shortages; long-range trends in public sector finances; capital formation; research, innovation and productivity; changing patterns of industrial organization; international money markets, trade and investment; and the economic consequences of wars, natural disasters and other disruptions. SEC. 3. (a) In carrying out its functions under this concurrent resolution, the committee may— (1) employ expert professional staff and supporting clerical assistants, individual consultants or organizations thereof, authorize travel as required and pay expenses inherent in such pursuits; (2) sit and act during sessions of the House or Senate and during the present Congress at such times and places whether or not the House or Senate has recessed or adjourned; and (3) require by subpena or otherwise the attendance and testimony of such witnesses and the production of such books, records, correspondence, memorandums, papers, and documents as it deems necessary. (b) For the purpose of its activities under this concurrent resolution, a majority of the members of the Joint Economic Committee shall constitute a quorum for the transaction of business, except that two or more shall constitute a quorum for the purpose of taking evidence, and at least one member of the minority must be present at the first meeting of the committee to conduct business under this concurrent resolution. (c) The chairman of the Joint Economic Committee or any member designated by such chairman may administer oaths to any witness. The rules of the Joint Economic Committee shall govern the practices and procedures followed in the course of this investigation. SEC. 4. The Joint Economic Committee is authorized from July 1, Expenditure 1977, through December 31, 1978, to expend under this concurrent authorization. resolution not to exceed $900,000 of which amount not to exceed $250,000 may be expended in the period prior to December 31, 1977. SEC. 5. The expenses of the Joint Economic Committee under this concurrent resolution shall be paid from the contingent fund of the Senate upon vouchers approved by the chairman of the Joint Eco-

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