International Economic Policy Act

Summary

International Economic Policy Act - Establishes a Foreign Economic Policy Board, to be composed of five members, which shall be independent of the executive departments and agencies and shall be responsible to the Congress. Enumerates the duties of the Board as: (1) to assist and advise the Congress in matters dealing with international economic issues; (2) to gather, analyze, interpret and report to the President and the Congress information concerning economic developments and international economic trends; (3) to establish priorities on the use of United States foreign exchange earnings and to assess the balance of payments impact of present and future United States natural resource requirements; (4) to appraise the various programs and activities of the Federal Government with respect to balancing the international payment accounts; (5) to develop and recommend to the Congress international economic policies to foster and promote United States international trade and investment, to maintain the strength of the dollar through positive actions which will increase the United States foreign exchange earnings, and to balance the international payment accounts; and (6) to furnish such studies, reports, and recommendations with respect to matters of Federal international economic policy and legislation as the President or the Congress may request. Provides that no Government department or agency may deny the Board access to United States international economic information when officially requested by the Chairman of the Board. Authorizes the appropriation of such sums as may be necessary to enable the Board to exercise its powers and functions under this Act.

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Timeline

1. 21 March 1974

   Introduced

   Referred to Senate Committee on Foreign Relations.

   Source: IntroReferral

2. 21 March 1974

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 28 March 1974

   Introduced

   Referred to Senate Committee on Banking, Housing and Urban Affairs.

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 21 March 1974

  Open at official source

Sponsors

• Sen. Brock, Bill [R-TN] · R · Sponsor
• Sen. Stevens, Ted [R-AK] · R · Cosponsor
• Sen. Cook, Marlow W. [R-KY] · R · Cosponsor
• · ssbk00 · Standing
• · ssfr00 · Standing

Related records

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