Page:United States Statutes at Large Volume 92 Part 2.djvu/625

 PUBLIC LAW 95-523—OCT. 27, 1978

92 STAT. 1905

(b) The Joint Economic Committee shall hold hearings on the Hearings. Economic Report for the purpose of receiving testimony from Members of the Congress, and such appropriate representatives of Federal departments and agencies, the general public, and interested groups as the joint committee deems advisable. The joint committee shall also consider the comments and views on the Economic Report which are vs. jg received from State and local officials. (c) Within thirty days after receipt by the Congress of the Eco- Report. nomic Report, each standing committee of the Senate and the House of Representatives, each other committee of the Senate and the House of Representatives which has legislative jurisdiction, and each joint committee of the Congress may submit to the Joint Economic Committee, for use by the Joint Economic Committee in conducting its review and analysis under subsection (a), a report containing the views and recommendations of the submitting committee with respect to aspects of the Economic Report which relate to its jurisdiction. (d) On or before March 15 of each year, a majority of the members Report, of the Joint Economic Committee shall submit a report to the Committees on the Budget of the Senate and the House of Representatives. , t Such report shall include findings, recommendations, and any approtUi priate analyses with respect and in direct comparison to each of the short-term and medium-term goals set forth in the Economic Report. REVIEW o r ECONOMIC REPORT AS PART OF CONGRESSIONAL BUDGET PROCESS

SEC. 303. (a) Section 301(c) of the Congressional Budget Act of 1974 is amended— (1) by inserting after the first sentence the following new sentences: "Each of the recommendations as to short-term and medium-term goals set forth in the report submitted by the memI bers of the Joint Economic Committee under subsection (c) may be considered by the Committee on the Budget of each House as part of its consideration of such concurrent resolution, and its report may reflect its views thereon, and on how the estimates of revenues and levels of budget authority and outlays set forth in such concurrent resolution are designed to achieve any goals it is recommending."; and (2) by inserting "also" after "shall" in the last sentence. (b) Section 305(a) of such Act is amended— ^ (1) by inserting before the periodat the end of the first sentence of paragraph (2) a comma and "plus such additional hours of debate as are consumed pursuant to paragraph (3) "; (2) by redesignating paragraphs (3) through (6) as paragraphs (6) through (9) respectively; and (3) by inserting after paragraph (2) the following new paragraphs: "(3) Following the presentation of opening statements on the first concurrent resolution on the budget for a fiscal year by the chairman and ranking minority member of the Committee on the Budget of the House, there shall be a period of up to four hours for debate on economic goals and policies. "(4) Only if a concurrent resolution on the budget reported by the Committee on the Budget of the House sets forth the economic goals (as described in sections 3(a)(2) and 4(b) of the Full Employment Act of 1946) which the estimates, amounts, and levels (as described in section 301(a)) set forth in such resolution are designed to achieve,

39-194 O—80—pt. 2

40: QL3

31 USC 1322.

31 USC 1326.

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Ante, pp. 1892, 1893.

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