Page:United States Statutes at Large Volume 94 Part 2.djvu/277

 PUBLIC LAW 96-389—OCT. 7, 1980

94 STAT. 1555

ROLE OF GOLD IN INTERNATIONAL MONETARY SYSTEMS

SEC. 10. (a) The Secretary of the Treasury shall establish and chair a commission consisting of— (1) three members of the Board of Governors of the Federal Reserve System and two members of the Council of Economic Advisors, all of whom shall be designated by the Secretary of the Treasury; (2) one majority and one minority member each from (A) the Joint Economic Committee of the Congress, (B) the Committee on Banking, Housing, and Urban Affairs of the Senate, and (C) the Committee on Banking, Finance and Urban Affairs of the House of Representatives, who shall be designated by the Speaker of the House of Representatives and the President of the Senate, respectively, upon the recommendations of the majority and minority leaders of the respective Houses; and (3) four distinguished private citizens with business, finance, or academic back^unds who shall be designated by the Secretary. (b) The commission shall conduct a study to assess and make recommendations with regard to the policy of the United States Government concerning the role of gold in domestic and international monetary systems, and shall transmit to the Congress a report containing its findings and recommendations not later than one year after the date of enactment of this Act. (c) Sums appropriated pursuant to section 5 of Public Law 95-612 shall be available to the commission to carry out its functions.

Commission, establishment. 31 USC 822a note.

Study and report to Congress.

92 Stat. 3092.

FULL APPROPRIATIONS REQUIRED

SEC. 11. Section 32 of the Bretton Woods Agreements Act, as added 22 USC 286e-ig. by section 1 of this Act, is amended by striking "to such extent or in such amounts as are provided in appropriations Acts" and inserting in lieu thereof "limited to such amounts as are appropriated in advance in appropriation Acts." EFFECTIVE DATE

SEC. 12. This Act shall take effect on its date of enactment, except that funds may not be appropriated under any authorization contained in this Act for any period prior to October 1, 1980. Approved October 7, 1980.

LEGISLATIVE HISTORY: HOUSE REPORT No. 96-1018 accompanying H.R. 7244 (Comm. on Banking, Finance and Urban Affairs). SENATE REPORTS: No. 96-693 (Comm. on Foreign Relations) and No. 96-794 (Comm. on Banking, Housing, and Urban Affairs). CONGRESSIONAL RECORD, Vol. 126 (1980): June 16, considered and passed Senate. Sept. 17, 18, H.R. 7244 considered and passed House; passage vacated and S. 2271, amended, passed in lieu. Sept. 23, Senate concurred in House amendments. WEEKLY COMPILATION OF PRESIDENTIAL DOCUMENTS, Vol. 16, No. 41: Oct. 7, Presidential statement.

22 USC 286s notej

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