S 3213 · 93th Congress · Foreign Trade and International Finance
International Economic Policy Act
Bill Progress
✓
Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Referred to Senate Committee on Banking, Housing and Urban Affairs.(1974-03-28)
Plain Language Summary
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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 suc…
Summarized by Claude AI · Non-partisan · For informational purposes only