National Commission on the Economy Act

[AI summary unavailable — showing source text] National Commission On the Economy Act - Establishes the National Commission on the Economy to conduct a comprehensive study to determine: (1) the causes of (A) price instability; (B) erosion of consumer purchasing power; (C) the high rate of unemployment and serious problems of underemployment; (D) severe inflationary pressures; (E) shortages in certain essential commodities, raw materials, and finished products; (F) problems relating to productivity; and (G) such other economic problems as the Commission determines to have a significant impact on consumers; (2) the effectiveness of existing organizational and institutional arrangements in the Federal Government for establishing sound economic policies; (3) the impact on the economy of the major regulatory agencies of the Federal Government; (4) the adequacy of the data collection practices of the Federal Government as they relate to the formulation of economic policy; and (5) the impact on the economy of the fiscal and monetary policies on the Federal Government. Specifies further factors to be considered in determining the causes of the current economic problems. States that the Commission shall be composed of 14 members to be a…