Page:United States Statutes at Large Volume 93.djvu/55

 PUBLIC LAW 96-10—MAY 10, 1979

93 STAT. 23

Public Law 96-10 96th Congress An Act To amend the Council on Wage and Price Stability Act to extend the authority granted by such Act to September 30, 1980, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That section 3(a)(5) of the Council on Wage and Price Stability Act is amended to read as follows: "(5) focus attention on the need to increase productivity in both the public and private sectors of the economy, focus attention on the need to move toward full employment, and take into consideration the need to stimulate productivity in monitoring wages and prices to determine compliance with promulgated standards;^. SEC. 2. Section 3 of the Council on Wage and Price Stability Act is amended by adding at the end thereof the following new subsection: "(c) The Council is directed to review its policies with respect to the national interest in promoting greater productivity growth and shall submit a report of its findings and recommendations to the Congress by July 1, 1979. Such review shall include, but not be limited to, the need for flexibility in determining compliance with pay and price standards based upon documentable productivity gains resulting from improved efficiency of the workforce.". SEC. 3. Section 6 of the Council on Wage and Price Stability Act is amended to read as follows: "SEC. 6. There is authorized to be appropriated to carry out the provisions of this Act not to exceed— "(1) $6,952,000 for the fiscal year ending September 30, 1979; and "(2) $8,483,000 for the fiscal year ending September 30, 1980.". SEC. 4. Section 7 of the Council on Wage and Price Stability Act is amended by striking out "September 30, 1979" and inserting in lieu thereof "September 30, 1980". SEC. 5. The Council on Wage and Price Stability Act is amended by adding at the end thereof the following new section: "SEC. 8. Notwithstanding any other provision of this Act, no payment under this Act may be made except to such extent, or in such amounts, as are provided in advance in appropriation Acts.". SEC. 6. (a) Section 4(b) of the Employment Act of 1946 is amended— (1) in clause (1), by striking out "and" at the end thereof; (2) in clause (2), by striking out the period at the end thereof and inserting in lieu thereof "; and "; and (3) by adding at the end thereof the following: "(3) reducing the share of the Nation's gross national product accounted for by Federal outlays to 21 per centum or less by 1981, and to 20 per centum or less by 1983 and thereafter, or the lowest level consistent with national needs and priorities: Provided, That policies and programs for achieving the goal specified in this clause shall be designed so as not to impede achievement of the goals and timetables specified in clause (1) of this subsection for the reduction of unemployment.".

May 10, 1979 [H.R. 2283]

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

Review; report to Congress.

Appropriation authorization. 12 USC 1904 note.

Termination date, extension. 12 USC 1904 note. Payments. 12 USC 1904 note. 15 USC 1022a.

Nation's gross national product, reduction.

�