National Purposes Act

[AI summary unavailable — showing source text] National Purposes Act - States that it is the policy of the Congress, under the Employment Act of 1946, to encourage more effectively not only the growth of production, employment, and purchasing power, fortified by ample resources and energy supplies, but also use of sufficient portions of this growth to serve those priorities of social and human purposes aimed at improving the quality of human life which depend upon allocation and use of economic resources. Provides for the quantification of the needed maximum levels of employment, production, and purchasing power as goals in a National Purposes Budget in the Economic Report. Provides that these goals shall contain estimates of needed levels of voluntary private investment and shall indicate what portions of the totals should be allocated toward domestic and international needs. Enumerates specific short-range and long-range goals to be contained in the National Purposes Budget. Provides that the goals to be developed in the Budget shall be broad in perspective. States that the Economic Report shall contain the essential features of the Federal Budget, both on a short-range and a long-range basis. States that the Economic Report …