15 USC 1021 - Congressional declarations

U.S Code last checked for updates: Oct 22, 2024

§ 1021.

Congressional declarations

(a)

Generally

(b)

Full opportunities for employment

(c)

Inflation

(d)

Coordination of Federal policies and programs

(e)

Federal controls

(f)

Expansion of private employment

The Congress further declares that it is the purpose of the Full Employment and Balanced Growth Act of 1978 [15 U.S.C. 3101 et seq.] to maximize and place primary emphasis upon the expansion of private employment, and all programs and policies under such Act shall be in accord with such purpose. Toward this end, the effort to expand jobs to the full employment level shall be in this order of priority to the extent consistent with balanced growth—

(1)

expansion of conventional private jobs through improved use of general economic and structural policies, including measures to encourage private sector investment and capital formation;

(2)

expansion of private employment through Federal assistance in connection with the priority programs in such Act;

(3)

expansion of public employment other than through the provisions of section 206 of such Act [15 U.S.C. 3116]; and

(4)

when recommended by the President under section 206 of such Act [15 U.S.C. 3116] and subject to the limitations in such section, the creation of employment through the methods set forth in such section.

(g)

Trade deficits

(h)

Balanced Federal budget

(i)

Investment needs of private enterprise

(j)

Reliance on private sector

(Feb. 20, 1946, ch. 33, § 2, 60 Stat. 23; Pub. L. 95–523, title I, § 102, Oct. 27, 1978, 92 Stat. 1890.)

cite as: 15 USC 1021