Page:United States Statutes at Large Volume 94 Part 3.djvu/105

 PUBLIC LAW 96-508—DEC. 8, 1980

94 STAT. 2749

SEC. 7. (a) Section 3 of the Council on Wage and Price Stability Act Federal is amended by adding at the end thereof the following: review "(e) For the fiscal year ending September 30, 1981, the Council shall personnel increase the number of positions which involve the review of pro- increase. posed and existing Federal regulations by 50 per centum, over the 12 USC 1904 number of positions allocated for such purpose for the fiscal year ^°*® ' 1980. In conducting such review, the Council shall identify those regulations which have the greatest inflationary impact on the economy or on specific industry sectors, consistent with subsection (a)(8).". (b) Section 5 of such Act is amended by adding at the end thereof Annual report. 12 u the following: "The annual report shall also contain an evaluation of note.s e 1904 the inflationary impact reviews undertaken by the Council in the previous year pursuant to section 3(e), including a listing and description of all regulatory proceedings in which the Council participated, the Council's recommended action, the projected cost of each such regulation, the cumulative inflationary impact of such regulations and the final disposition of each such regulatory proceeding.". SEC. 8. Section 2 of the Council on Wage and Price Stability Act is Office of amended by adding at the end thereof the following new subsection: Productivity, establishment. "(h) The Director shall establish an Office of Productivity which 12 USC 1904 shall have as its prime responsibility improving private-sector pro- note. ductivity in the United States. Such office shall evaluate the impact of government regulations on productivity, shall inventory and evaluate Federal programs designed to improve productivity, and shall analyze the effects on United States productivity of the factors cited in section 3(a)(9) of this Act. The Office of Productivity shall 12 USC 1904 annually issue a report to Congress containing the results of such note. evaluations, steps appropriate to improve the effectiveness of such Report to Federal programs, and recommendations of new Federal programs Congress. and policies to increase private-sector productivity growth.". SEC. 9. The Credit Control Act is amended by adding at the end thereof the following: 12 USC 1910. "Sec. 211. Termination "The authority conferred by this title expires at the close of June 30, 1982.". SEC. 10. In the fiscal year beginning October 1, 1980, the aggregate 2 USC 60a note. amount of funds made available to the Senate shall not exceed 90 per centum of the aggregate amount of the funds made available for such purposes for the fiscal year beginning on October 1, 1979. Approved December 8, 1980.

LEGISLATIVE HISTORY: HOUSE REPORT No. 96-972 accompanying H.R. 6777 (Comm. on Banking, Finance, and Urban Affairs). SENATE REPORT No. 96-729 (Comm. on Banking, Housing, and Urban Affairs). CONGRESSIONAL RECORD, Vol. 126 (1980): June 2, considered and passed Senate. Sept. 24, H.R. 6777 considered and passed House. Sept. 30, H.R. 6777 considered and passed Senate, amended. Oct. 1, S. 2352 considered and passed House, amended. Nov. 20, Senate concurred in House amendment. WEEKLY COMPILATION OF PRESIDENTIAL DOCUMENTS, Vol. 16, No. 50: Dec. 9, Presidential statement.

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