A concurrent resolution relative to national economic emergency.

[AI summary unavailable — showing source text] Declares that an emergency situation exists with respect to the problems of inflation, unemployment and the danger of recession, and resolves to attempt to reform existing policies and establish new policies that will reduce inflation, unemployment and recession, as well as other economic ills, or ease the effects thereof. Charges the Joint Economic Committee ("JEC"), with the assistance of the Advisory Board described herein with the duties of: (1) assessing the state of the economy and determining the principal causes of the current inflation, unemployment and recession; (2) to the maximum extent possible, drafting legislative recommendations and other recommendations to reduce inflation, unemployment and recession, both now and in the future, and reporting such recommendations to the Majority and Minority leaders of both Houses of Congress; (3) determining what long-range studies are necessary to improve Congress' understanding of and ability to deal with the problems of inflation, unemployment and recession and other major economic ills; and (4) reviewing and making recommendations with respect to the process by which both Congress and the executive formulate and execute econom…