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Deputy Attorney General Silberman reported that increased penalties for anti-trust violations are going to be worked on next week. The Attorney General has been dealing with Senator Hruska in an effort to strengthen the investigative powers of the anti-trust division. He noted that actions are being taken in the area of price fixing and that in fact the Department of Justice is bringing suit against the largest real estate board in the nation - the same group the President addressed last night. He also mentioned that FBI agents with accounting backgrounds are being trained to investigate price fixing. Secretary Brennan noted that his legislative initiatives are moving forward but that under the CETA program only 50,000 of an authorized 170,000 jobs have been filled. The President stated that Labor should keep pushing CETA. Secretary Brinegar reported that the Surface Transportation Act is very complex and is receiving much attention from DOT. He also noted that the Mass Transit Bill looks good and has gone to the Senate. In the areas of fuel economy, Secretary Brinegar is meeting with auto industry leaders. DOT is studying the possibility of recommending a further extension of the 55 mph speed limit order. He also noted that car pooling is the best solution found so far to the traffic control problem. Secretary Simon stated that in the Financial Institutions Act there remains only one area of disagreement which is being worked out. Other initiatives are proceeding on schedule. Secretary Simon also discussed the effective date of legislation authorizing the sale of gold by private citizens and possible actions the government should take with respect to the sale of gold reserves. The President asked Secretary Simon for specific recommendations in this area. Director Ash noted that ERDA legislation is on track and will be available by January 1. Other initiatives are proceeding on schedule. Mr. Ash also reported that a list of over 100 items has been drawn up for submission to the Congress for FY75 budget cuts. The President made a point of thanking all of the Cabinet members for their fine cooperation and voluntarily recommending these cuts. Mr. Ash stated that in the area of personnel reduction, the objective being 40,000 by June 30, he now has appeals for over 13,000. He stated that part of these would be eliminated under the recommended budget cuts but that he is going to have to get with each of the Cabinet members to work out the remainder of the appeals. The President stated that he would talk further to Mr. Ash on this area. GERALD R. FORD LIBRARY

Document source description

Topics discussed at meeting include economic and energy proposals, Henry Kissinger's trip to the Middle East, President Gerald Ford's trip to the Far East, and Nelson Rockefeller's confirmation as Vice President.

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Context sent to Scholar

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Document source extras
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    "ocrText": "Deputy Attorney General Silberman reported that increased\npenalties for anti-trust violations are going to be worked\non next week. The Attorney General has been dealing with\nSenator Hruska in an effort to strengthen the investigative\npowers of the anti-trust division. He noted that actions\nare being taken in the area of price fixing and that in fact\nthe Department of Justice is bringing suit against the\nlargest real estate board in the nation - the same group\nthe President addressed last night. He also mentioned that\nFBI agents with accounting backgrounds are being trained to\ninvestigate price fixing.\nSecretary Brennan noted that his legislative initiatives are\nmoving forward but that under the CETA program only 50,000\nof an authorized 170,000 jobs have been filled. The President\nstated that Labor should keep pushing CETA.\nSecretary Brinegar reported that the Surface Transportation\nAct is very complex and is receiving much attention from DOT.\nHe also noted that the Mass Transit Bill looks good and has\ngone to the Senate. In the areas of fuel economy, Secretary\nBrinegar is meeting with auto industry leaders. DOT is\nstudying the possibility of recommending a further extension\nof the 55 mph speed limit order. He also noted that car\npooling is the best solution found so far to the traffic\ncontrol problem.\nSecretary Simon stated that in the Financial Institutions Act\nthere remains only one area of disagreement which is being\nworked out. Other initiatives are proceeding on schedule.\nSecretary Simon also discussed the effective date of legislation\nauthorizing the sale of gold by private citizens and possible\nactions the government should take with respect to the sale\nof gold reserves. The President asked Secretary Simon for\nspecific recommendations in this area.\nDirector Ash noted that ERDA legislation is on track and will\nbe available by January 1. Other initiatives are proceeding\non schedule. Mr. Ash also reported that a list of over 100\nitems has been drawn up for submission to the Congress for\nFY75 budget cuts. The President made a point of thanking all\nof the Cabinet members for their fine cooperation and\nvoluntarily recommending these cuts. Mr. Ash stated that in\nthe area of personnel reduction, the objective being 40,000\nby June 30, he now has appeals for over 13,000. He stated that\npart of these would be eliminated under the recommended\nbudget cuts but that he is going to have to get with each of\nthe Cabinet members to work out the remainder of the appeals.\nThe President stated that he would talk further to Mr. Ash on\nthis area.\nGERALD\nR.\nFORD\nLIBRARY"
}