Page:United States Statutes at Large Volume 93.djvu/56

 93 STAT. 24

PUBLIC LAW 96-10—MAY 10, 1979

15 USC 1022a.

(b) Section 4(c) of such Act is amended by adding at the end thereof the following: "(3) Upon achievement of the 20 per centum goal specified in subsection (b)(3), each succeeding Economic Report shall have the goal of establishing the share of an expanding gross national product accounted for by Federal outlays at a level of 20 per centum or less, 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 desired so as not to impede achievement of the goals and timetables specified in subsection (b)(1) for the reduction of unemployment.", (c) The first sentence of section 4(d) of such Act is amended— (1) by striking out "and" after "unemployment" and inserting in lieu thereof a comma; and (2) by inserting after "inflation" the following: ", and Federal outlays as a proportion of gross national product,". (d) Section 3(a)(2)(A) of such Act is amended by inserting "Federal outlays as a proportion of gross national product," after "productivity,".

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15 USC 1022.

Approved May 10, 1979.

LEGISLATIVE HISTORY: HOUSE REPORTS: No. 96-33 (Comm. on Banking, Finance, and Urban Affairs) and No. 96-93 (Comm. of Conference). SENATE REPORT No. 96-36 accompanying S. 349 (Comm. on Banking, Housing and Urban Affairs). CONGRESSIONAL RECORD, Vol. 125 (1979): Mar. 20, 21, considered and passed House. Mar. 29, S. 349 considered in Senate. Apr. 2, considered and passed Senate, amended, in lieu of S. 349. Apr. 25, House agreed to conference report. Apr. 26, Senate agreed to conference report.

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