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    "ocrText": "The original documents are located in Box 8, folder \"Council on International Economic\nPolicy and Economic Policy Board (1)\" of the Philip Buchen Files at the Gerald R. Ford\nPresidential Library.\nCopyright Notice\nThe copyright law of the United States (Title 17, United States Code) governs the making of\nphotocopies or other reproductions of copyrighted material. Gerald R. Ford donated to the United\nStates of America his copyrights in all of his unpublished writings in National Archives collections.\nWorks prepared by U.S. Government employees as part of their official duties are in the public\ndomain. The copyrights to materials written by other individuals or organizations are presumed to\nremain with them. If you think any of the information displayed in the PDF is subject to a valid\ncopyright claim, please contact the Gerald R. Ford Presidential Library.\nDigitized from Box 8 of the Philip Buchen Files at the Gerald R. Ford Presidential Library\nMonday 1/20/75\n5:25 Jay said he has finished a basic analysis of CIEP and the\nEconomic Policy Board. Has not yet written it, but expects\nto get something to you tomorrow morning.\nSERALD R. ford\nCIEP\nTuesday 1/21/75\nMeeting\n1/21/75\n2:30 p.m.\n2:05 Mr. Buchen will meet with Jay French, Mike Dunn,\nand Skip Hartquist on a CIEP matter at 2:30 p.m.\ntoday.\nGERALO R. FORD LIBRARA\nTHE WHITE HOUSE\nWASHINGTON\nthe\nMike Dunn - 77 -\n(Skip Hords vist)\n2845\nFor now file:\n\"CIEP of EPB\"\nFORDO :- LIBRARY 038810\nTHE WHITE HOUSE\nWASHINGTON\nJanuary 21, 1975\nMEMORANDUM FOR:\nPHILIP W. BUCHEN\nFROM:\nJAY T. FRENCH\nSUBJECT:\nMERGER OF CIEP AND THE\nECONOMIC POLICY BOARD\nA. Background of CIEP and the Economic Policy Board\n1. Council on International Economic Policy\n(a) Authority -- Public Law 92-412, August 29, 1972 (Tab A).\n(b) Functions -- To provide for the coordination of inter-\nnational economic policy among departments and agencies\nand insure consistency between domestic and foreign\neconomic policy. These functions are amplified, in\nthe statute, by a list of specific duties which include\nassisting in the preparation of an International Economic\nReport which is required by this law.\n(c) Composition -- Secretaries of State, Treasury (Chairman),\nDefense, Agriculture, Commerce, Labor,\nand Transportation\n-- Director, Office of Management and Budget\n-- Chairman, Council of Economic Advisers\n-- Special Trade Representative\n-- Additional members as the President shall\ndesignate: Executive Director of CIEP and\nAssistant to the President for Economic\nPolicy have been so appointed.\n(d) Expiration -- The Council is abolished on June 30, 1977,\nunless extended by law.\n2. President's Economic Policy Board\n(a) Authority -- Executive Order 11808, September 30, 1974 (Tab B).\n(b) Functions -- To advise the President with regard to national\nand international economic policy and oversee the formulation,\nGERALD FORD LIBRARY\n- 2 -\ncoordination and implementation of all U.S. economic\npolicy. The Board has an Executive Committee which\nshall meet daily to consider matters pertinent to the\nBoard's functions.\n(c) Composition -- Secretaries of State, Treasury* (Chairman),\nAgriculture, Commerce, Labor, Trans-\nportation, Interior, Health, Education and\nWelfare, Housing and Urban Development\n-- Director, Office of Management and Budget*\n-- Chairman, Council of Economic Advisers*\n-- Executive Director, CIEP*\n-- Assistant to the President for Economic Affairs*\n-- Chairman of the Federal Reserve, is invited\nto attend Board and Executive Committee meetings.\nThe Executive Committee members have an\nasterisk (*) after their titles.\nB. Considerations for a Merger of CIEP and the Economic Policy Board\n1. Organization\n(a) Membership\n(1) Present members common to CIEP and the Board\nSecretary of Treasury\nSecretary of State\nSecretary of Commerce\nSecretary of Agriculture\nSecretary of Labor\nSecretary of Transportation\nDirector, Office of Management and Budget\nChairman, Council of Economic Advisers\nAssistant to the President for Economic Affairs\nExecutive Director of CIEP\n(2) Present members of CIEP only:\nSecretary of Defense\nSpecial Representative for Trade Negotiations\n(3) Present members of the Board only:\nFORD is GERALD LIBRARY\nSecretary of Health, Education and Welfare\nSecretary of Housing and Urban Development\nSecretary of Interior\nChairman, Federal Reserve (invited to attend)\n- 3 -\n(4) In addition to certain statutory members, the President\nshould have authority to designate additional members.\n(This authority was given in the CIEP law.)\n(b) Titled Positions\nCIEP has a Chairman, Deputy Chairman and an Executive\nDirector of an appointed staff. The Board has a Chairman\nand an Executive Director. The Secretary of Treasury is\npresently the only official holding the same position (Chairman)\nat CIEP and the Board. The following combined structure\nis suggested for the new board:\nPosition\nOfficial\nDesignation\nChairman\nSecretary of the Treasury\nBy the President\nDeputy Chairman\nAssistant to the President\nBy the President\nExecutive Director\nFor Economic Affairs\nBy the President\nExecutive Director\nof CIEP\n(c) Executive Committee\nThe Economic Policy Board has an Executive Committee of\nfive (5) members who may consider matters relating to\nresponsibilities of the Board and shall meet daily. (CIEP\nhas no such committee.) All of the present members are\ncommon members of both CIEP and the Board. They are\nlisted below:\nSecretary of Treasury\nAssistant to the President for Economic Affairs\nDirector, Office of Management and Budget\nChairman, Council of Economic Advisers\nExecutive Director, CIEP\nFORD is LIBRARY 939839\n(Chairman, Federal Reserve, is invited to attend)\nIt is suggested that the titled positions of Chairman, Deputy\nChairman and Executive Director be applied to the Executive\nCommittee and that the same officials fill these posts by\npresidential appointment as designated in subparagraph (b)\nabove.\n(d) Professional Staff\nPresently, CIEP has a professional staff to assist the\nCouncil in performing its duties. One of these duties\nis preparation of an annual international economic report.\nIt is desirable to establish a staff for the new board and to\ndo so in the same manner as set forth in 22 U.S. C.A. $ 2847.\n(See Tab A).\n- 4 -\n2. Functions and Duties\nA new Economic Policy Board would have the broad purpose\nof advising the President on economic policy and formulating,\ncoordinating and overseeing the implementation of all U.S.\neconomic policy. In addition to this purpose, there are a\nnumber of functions and specific duties which the Congress\noriginally gave to CIEP which might be added to the new\nboard's mandate. These are set forth below:\n(a) Functions\n(1) To have the opportunity to investigate problems with\nrespect to coordination implementation, and long\nrange development of international economic policy.\n(2) To make findings and recommendations with regard\nto the development of policy.\n(b) Duties\n(1) Assist the President in the preparation of the\nInternati onal Economic Report (which the President\nis required to submit annually to the Congress by the\nCIEP law).\n(2) Review economic activities and policies of the\nGovernment, several States and private industry.\n(3) Collect, analyze and evaluate economic information\nincluding the impact international trade on domestic\nlabor and the impact of transnational corporations on\ntrade flows.\n(4) Coordim te economic activities of all departments and\nagencies.\n(5) Make recommendations to the President for economic\nprograms including those relating to monetary\nmechanisms, foreign investment, trade, balance of\npayments and international treaties.\nC. Merger of Additional Existing Policy Boards\nGERALD B. FORD LIBRARY\n1. National Advisory Council on International Monetary and\nFinancial Policies (See Tab C)\n(a) The primary purpose of the Council is coordination of policy\namong U. S. representatives to the International Monetary\nFund, International Bank for Reconstruction and Development,\nand the Export-Import Bank, and all other government agencies\nto the extent they make foreign loans or engage in foreign\nfinancial and monetary transactions. This purpose could\neasily be included in the new board's charter.\n- 5 -\nA secondary function provides that the Secretary of\nTreasury shall instruct U.S. representatives to inter-\nnational financial organizations and that he shall decide\nwhether to approve or not, certain actions of the IMF and\nthe banks, in behalf of the U.S. when such approval is\nrequired. This secondary function would have to be\nspecifically written into the legislation for a new board.\n(b) The composition of the Council is not significantly different\nfrom that of the Economic Policy Board except that the\nPresident of the Export-Import Bank would have to be\nadded to a new board.\n2. President's Committee on East-West Trade Policy (See Tab D)\n(a) The primary purpose of the Committee is to advise the\nPresident with regard to such policy. Major trade initiatives\nare handled by chairman who are designated for that purpose.\nThis purpose could be added to the functions of a new board.\n(b) Composition does not appear to be a problem if merger occurs.\n3. Council on Economic Policy (See Tab E)\n(a) The primary purpose of the Council is coordination in the\nformation and execution of economic policy. It appears to\nbe a duplication of the existing Economic Policy Board and\ncould be terminated with any difficulty.\nFORD is LIBRARY GERALD\nFORD is LIBRARY OFRATO\n22 § 2841\nFOREIGN RELATIONS\nTabA\nFOREIGN H\n§ 2813. Creation of Council on It\nThere is created in the Executive\nCHAPTER 42.-INTERNATIONAL ECONOMIC POLICY [NEW]\nInternational Economic Policy (here)\nthe \"Council\").\nSec.\nSec.\n2841. Congressional statement of pur-\n2847. Staff of Council.\nPub.L. 92-412, Title II, I 204, Aug.\nposes.\n(a) Executive Director; appoint-\nLegislative History. For legislative\n2842. Congressional findings and policy;\nment and compensation;\nCouncil on International Eco-\nhistory and purpose of Pub.L. 92-112,\ninformation to Congres-\nnomic Policy: establishment,\nsional committees.\nfunctions.\n(b) Staff personnel; appoint-\n2843. Creation of Council on Internation-\nment and compensation:\nal Economic Policy.\nexecutive level IV and V\n§ 2844. Membership of Council;\n2814. Membership of Council; Chairman:\npositions.\npresiding officer.\n(c) Temporary and intermittent\nThe Council shall be composed of\n2845. Duties of Council.\nservices.\n2548. International Economic Report.\n(d) Detail of Federal agen-\nditional members as the President ma;\n(a) Submittal to Congress; scope\nagency personnel to Coun-\nof report.\ncil; reimbursable basis.\n(1) The Secretary of State.\n(b) Supplementary reports to 2847a. Same; Executive Director; ap-\n(2) The Secretary of the Treas\nCongress.\npointment.\n2848. Expiration date.\n(3) The Secretary of Defense.\n2849. Authorization of appropriations.\n(4) The Secretary of Agricultu\n(5) The Secretary of Commerc\n§ 2841. Congressional statement of purposes\n(6) The Secretary of Labor.\nIt is the purpose of this chapter to próvide for closer Federal inter-\n(7) The Secretary of Transpor\nagency coordination in the development of a more rational and orderly\n(8) The Director of the Office\ninternational economic policy for the United States.\n(9) The Chairman of the Cour\nPub.L. 92-412, Title II, § 202, Aug. 29, 1972, 86 Stat. 646.\n(10) The Special Representati\nShort Title. Section 201 of Pub.L. 92- Legislative History. For legislative\n412 provided that: \"This title [enacting\nhistory and purpose of Pub.L. 92-412,\nThe President shall designate the Ch\nthis chapter] may be cited as the 'Inter-\nsee 1972 U.S.Code Cong. and Adm.News,\nthe members of the Council.\nnational Economic Policy Act of 1972'.\"\np. 3085.\nPub.L. 92-412, Title II, § 205, Aug. :\n§ 2842. Congressional findings and policy; Council on International\nL. 93-121, $ 1, Oct. 4, 1973, 87 Stat. 4;\nEconomic Policy: establishment, functions\n1973 Amendment. Pub.L. 93-121 struck\nout cl. \"(1) The President.\", redesignated\nThe Congress finds that there are many activities undertaken by various\nformer cls. (2)-(7) as (1)-(6), added cl.\ndepartments, agencies, and instrumentalities of the Federal Government\n\"(7) The Secretary of Transportation.\",\nand substituted sentence reading \"The\nwhich, in the aggregate, constitute the domestic and international eco-\nPresident shall designate the Chairman\nnomic policy of the United States. The Congress further finds that the\nof the Council from among the members\nof the Council.\" for \"The President shall\nobjectives of the United States with respect to a sound and purposeful\nbe the Chairman of the Council and shall\ninternational economic policy can be better accomplished through the\npreside over the meetings of the Council;\ncloser coordination of (1) domestic and foreign economic activity, and\n(2) in particular, that economic behavior which, taken together, consti-\n§ 2845. Duties of Council\ntutes United States international economic policy. Therefore this Act es-\ntablishes a Council on International Economic Policy which will provide\nSubject to the direction of the Pres\nfor-\nsuch other functions as he may direct,\n(A) a clear top level focus for the full range of international\n(1) Assist and advise the P:\neconomic issues; deal with international economic policies includ-\nInternational Economic Report I\ning trade, investment, balance of payments, and finance as a co-\ntitle.\nherent whole;\n(2) Review the activities and\n(B) consistency between domestic and foreign economic policy;\nGovernment which indirectly\nand\neconomics and, for the purpose\n(C) close coordination with basic foreign policy objectives.\nPresident in connection therew:\nThe Congress intends that the Council shall be provided with the op-\nspecificity the substance and SC\nportunity to (1) investigate problems with respect to the coordination,\npolicy of the United States, whic!\nimplementation, and long-range development of international economic\nnation of the economic activities\npolicy, and (ii) make appropriate findings and recommendations for the\nments, and instrumentalities of\npurpose of assisting in the development of a rational and orderly interna-\nseveral States, and (C) private is\ntional economic policy for the United States.\n(3) Collect, analyze, and evalt\nPub.L. 92-412, Title II, $ 203, Aug. 29, 1972, 86 Stat. 646.\nrent and prospective, concerning\nReferences in Text. \"This Act\", re-\nset out as notes under sections 2401, 2403,\nSuch evaluations shall include b.\nferred to in the text. means Pub.L. 92-\nand 2406 of such Appendix.\n412. enacted Aug. 29, 1972, which is classi-\nLegislative History. For legislative\ninternational trade on the level,\nfied to this chapter and amended sections\nhistory and purpose of Pub.L. 92-412,\n2401(3), 2402(6). 2403(h), (e), 2404, and\nsee 1972 U.S.Code Cong. and Adm.News,\ndomestic labor and the impact C\n2413 of Appendix to Title 50, War and\np. 3085.\ninternational trade flows.\nNational Defense, and enacted provisions\n(4) Consider policies and pro\ninvestance\nties of all the departments and\none another for the purpose of\nfunding rec\n212\nis\nFORD\n21\nGERALD\nLIBRARY\nFOREIGN RELATIONS\n22 § 2845\n§ 2843. Creation of Council on International Economic Policy\nThere is created in the Executive Office of the President a Council on\nInternational Economic Policy (hereinafter referred to in this chapter as\nthe \"Council\").\nPub.L. 92-412, Title II, § 204, Aug. 29, 1972, 86 Stat. 647.\nLegislative History. For legislative see 1972 U.S.Code Cong. and Adm.News,\nhistory and purpose of Pub.L. 92-412, p. 3055.\n§ 2814. Membership of Council; Chairman; presiding officer\nThe Council shall be composed of the following members and such ad-\nditional members as the President may designate:\n(1) The Secretary of State.\n(2) The Secretary of the Treasury.\n(3) The Secretary of Defense.\n(4) The Secretary of Agriculture.\n(5) The Secretary of Commerce.\n(6) The Secretary of Labor.\n(7) The Secretary of Transportation.\n(8) The Director of the Office of Management and Budget.\n(9) The Chairman of the Council of Economic Advisers.\n(10) The Special Representative for Trade Negotiations.\nThe President shall designate the Chairman of the Council from among\nthe members of the Council.\nPub.L. 92-412, Title II, § 205, Aug. 29, 1972, 86 Stat. 647, amended Pub.\nL. 93-121, $ 1, Oct. 4, 1973, 87 Stat. 447.\n1973 Amendment. Pub.L. 93-121 struck\nin his absence he may designate a mem-\nout cl. \"(1) The President.\", redesignated\nber of the Council to preside in his\nformer cls. (2)-(7) as (1)-(6), added cl.\nplace.\"\n\"(7) The Secretary of Transportation.\",\nLegislative History. For legislative\nand substituted sentence reading \"The\nhistory and purpose of Pub.L. 92-112,\nPresident shall designate the Chairman\nsee 1972 U.S.Code Cong. and Adm.News,\nof the Council from among the members\np. 3085. See, also, Pub.L. 93-121, 1973 U.S.\nof the Council.\" for \"The President shall\nCode Cong. and News, p.\nbe the Chairman of the Council and shall\npreside over the meetings of the Council;\n§ 2845. Duties of Council\nSubject to the direction of the President, and in addition to performing\nsuch other functions as he may direct, the Council shall—\n(1) Assist and advise the President in the preparation of the\nInternational Economic Report required under section 2846 of this\ntitle.\n(2) Review the activities and the policies of the United States\nGovernment which indirectly or directly relate to international\neconomics and, for the purpose of making recommendations to the\nPresident in connection therewith, consider with some degree of\nspecificity the substance and scope of the international economic\npolicy of the United States, which consideration shall include exami-\nnation of the economic activities of (A) the various agencies, depart-\nments, and Instrumentalities of the Federal Government, (B) the\nseveral States, and (C) private industry.\n(3) Collect, analyze, and evaluate authoritative information, cur-\nrent and prospective, concerning international economic matters.\nSuch evaluations shall include but not be limited to the impact of\ninternational trade on the level, stability, and financial rewards for\ndomestic labor and the impact of the transnational corporation on\ninternational trade flows.\n(4) Consider policies and programs for coordinating the activi-\nties of all the departments and agencies of the United States with\none another for the purpose of accomplishing a more consistent in-\n213\n:\nFORD\nGERALD\nLIBRARY\n22 §2845\nFOREIGN RELATIONS\nFOREI\nternational economic policy, and make recommendations to the Presi-\nJapan, and whenever appli\ndent in connection therewith.\npublics-\n(5) Continually assess the progress and effectiveness of Fed-\n(A) research and de\neral efforts to carry out a consistent international economic policy.\nand technological tren\n(6) Make recommendations to the President for domestic and\nsectors;\nforeign programs which will promote a more consistent interna-\n(B) investment patt\ntional economic policy on the part of the United States and private\n(C) industrial manp\nindustry. Recommendations under this paragraph shall include, but\nshall not be limited to, policy proposals relating to monetary\n(D) tax incentives E\nmechanisms, foreign investment, trade, the balance of payments, for-\nance;\neign aid, taxes, international tourism and aviation, and international\n(E) export promotio\ntreaties and agreements relating to all such matters. In addition to\n(F) share of the ex:\nother appropriate objectives, such policy proposals should be de-\nagricultural sectors;\nveloped with a view toward-\n(G) environmental P\n(A) strengthening the United States competitive position\n(H) antitrust practic\nin world trade;\n(I) long-range gover\n(B) achieving equilibrium in international payment accounts\ntargets, and objectives;\nof the United States;\n(5) a review of the relat\n(C) increasing exports of goods and services;\nernment and American priva\n(D) protecting and improving the earnings of foreign invest-\nof subject matter listed in S\nments consonant with the concepts of tax equity and the need\ngraph (4) and any other ap\nfor domestic investment;\nwith recommendations for an\n(E) achieving freedom of movement of people, goods, capital,\nto insure that American bus_\ninformation, and technology on a reciprocal and world-wide\nmerce; and\nbasis;\n(6) a program for carryin\n(F) increasing the real employment and income of workers\nter, together with such reco\nand consumers on the basis of international economic activity;\ndeem necessary or desirable.\nand\n(G) preserving the diversified industrial base of the United\nSupplementary\nStates.\n(b) The President may transm\nPub.L. 92-412, Title II, § 206, Aug. 29, 1972, 86 Stat. 647.\nreports supplementary to the In\nwhich may include such suppleme\nLegislative History. For legislative see 1972 U.S.Code Cong. and Adm.News,\nhistory and purpose of Pub.L. 92-412, p. 3085.\nmay deem necessary or desirable ti\ntives set forth in this chapter.\nPub.L. 92-412, Title II, § 207,\n§ 2846. International Economic Report-Submittal to Congress;\nPub.L. 93-121, $ 4, Oct. 4, 1973, 8\nscope of report\n1973 Amendment. Subsec. (a)(i)-(6\n(a) The President shall transmit to the Congress an annual report on\nPub.L. 93-121 added pars. (1) and 6\nand redesignated former par. (4) as (€\nthe international economic-position of the United States. Such report\nLegislative History. For legislativ\n(hereinafter referred to as the \"International Economic Report\") shall\nhistory and purpose of Pub.L. 92-11\nbe submitted not later than sixty days after the beginning of each regular\nsession of the Congress, and shall include-\n§ 2817. Staff of Council-Exe\n(1) information and statistics describing characteristics of inter-\npensation; information to Congres:\nnational economic activity and identifying significant current and\n(a) The staff of the Council sh.\nforeseeable trends and developments;\nwho shall be appointed by the Pre:\n(2) a review of the international economic program of the Fed-\nthe rate now or hereafter provided\neral Government and a review of domestic and foreign economic con-\n(section 5313 of Title 5). He S\nditions and other significant matters affecting the balance of inter-\nHousing and Urban Affairs of the\nnational payments of the United States and of their effect on the in-\nCurrency of the House of Represen\nternational trade, investment, financial, and monetary position of the\nlations of the Senate, the Committ\nUnited States;\nRepresentatives, the Committee on\non Ways and Means of the House\n(3) a review of the impact of international voluntary standards,\nnomic Committee fully and current\nthe foreign investments of United States based transnational firms,\nthe Council.\nand the level of foreign wage rates on the level, stability, and\nfinancial reward for domestic employment; and\n(4) a comparative description and analysis of the following sub-\nStaff personnel; appointment and\nject matter, with respect to the United States, the European Com-\nV. pc\n(b) (1) With the approval of\nmunity and principal countries within the European Community,\nmay appoint and fix the compensati\n214\nFORD\n2\nGERALD\nLIBRARY\nFOREIGN RELATIONS\n22 $2847\nJapan, and whenever applicable, the Union of Soviet Socialist Re-\npublics—\n(A) research and development expenditures, and productivity\nand technological trends in major industrial and agrieultural\nsectors;\n(B) investment patterns in new plant and equipment;\n(C) industrial manpower and training practices;\n(D) tax incentives and other governmental financial assist-\nance;\n(E) export promotion practices;\n(F) share of the export market, by area and industrial and\nagricultural sectors;\n(G) environmental practices;\n(H) antitrust practices; and\n(I) long-range governmental economic planning programs,\ntargets, and objectives;\n(5) a review of the relationship between the United States Gov-\nernment and American private business with respect to the categories\nof subject matter listed in subparagraphs (A) through (I) of para-\ngraph (4) and any other appropriate areas of information, together\nwith recommendations for appropriate policies and programs in order\nto insure that American business is competitive in international com-\nmerce; and\n(6) a program for carrying out the policy objectives of this chap-\nter, together with such recommendations for legislation as he may\ndeem necessary or desirable.\nSupplementary reports to Congress\n(b) The President may transmit from time to time to the Congress\nreports supplementary to the International Economic Report, each of\nwhich may include such supplementary or revised recommendations as he\nmay deem necessary or desirable to achieve the purposes and policy objec-\ntives set forth in this chapter.\nPub.L. 92-412, Title II, § 207, Aug. 29, 1972, 86 Stat. 648, amended\nPub.L. 93-121, § 4, Oct. 4, 1973, 87 Stat. 448.\n1973 Amendment. Subsec. (a)(4)-(6). see 1972 U.S.Code Cong. and News,\nPub.L. 93-121 added pars. (4) and (5) p. 3085. See, also, Pub.L. 93-121, 1973 U.S.\nand redesignated former par. (4) as (6). Code Cong. and Adm.News, p. -\nLegislative History. For legislative\nhistory and purpose of Pub.L. 92-412,\n§ 2847. Staff of Council-Executive Director; appointment and com-\npensation; information to Congressional committees\n(a) The staff of the Council shall be headed by an Executive Director\nwho shall be appointed by the President, and he shall be compensated at\nthe rate now or hereafter provided for level II of the Executive Schedule\n(section 5313 of Title 5). He shall keep the Committe on Banking,\nHousing and Urban Affairs of the Senate, the Committee on Banking and\nCurrency of the House of Representatives, the Committee on Foreign Re-\nlations of the Senate, the Committee on Foreign Affairs of the House of\nRepresentatives, the Committee on Finance of the Senate, the Committee\non Ways and Means of the House of Representatives, and the Joint Eco-\nnomic Committee fully and currently informed regarding the activities of\nthe Council.\nStaff personnel; appointment and compensation; executive level IV and\nv positions\n(b) (1) With the approval of the Council, the Executive Director\nmay appoint and fix the compensation of such staff personnel as he deems\n215\nis\nFORD\nBERALD\nLIBRARY\n2011\nFOREIGN RELATIONS\nFOREI\nLecessary. Except as provided in paragraph (2), the staff of the Council\nshall be appointed subject to the provisions of Title 5 governing appoint-\nments in the competitive service, and shall be paid in accordance with the\nCHAPTER 43.-INTERNA\nprovisions of chapter 51 and subchapter III of chapter 53 of such Title\nSec.\nrelating to classification and General Schedule pay rates.\n2871. Congressional findings and d\n(2) With the approval of the Council, the Executive Director may\nration of purpose.\nappoint and fix the compensation of one officer at a rate of basic com-\n2872. Board ing. for International Broad\npensation not to exceed the rate provided for level IV of the Federal\n(a) Establishment.\n(b) (1) Composition.\nExecutive Salary Schedule, and appoint and fix the compensation of\n(2) Selection.\ntwo officers at rates of basic compensation not to exceed the rate pro-\n(3) Term of office of p\nvided for level V of the Federal Executive Salary Schedule.\nbers. dentially appointed D\n(4) Term of office of ex\nficio members.\nTemporary and Intermittent services\n(5) Compensation.\n(c) With the approval of the Council, the Executive Director may\n2873. Same; functions of Board.\nprocure temporary and intermittent services to the same extent as is\nauthorized by section 3109 of Title 5, at rates not to exceed the daily\nequivalent of the rate provided for GS-18.\nDetail of Federal agency personnel to Council; reimbursable basis\n§ 2871. Congressional finding\n(d) Upon request of the Executive Director, the head of any Federal\nThe Congress hereby finds an\nagency is authorized to detail, on a reimbursable basis, any of its per-\n(1) that It is the policy\nsonnel to the Council to assist it in carrying out its duties under this\nright of freedom of opinion\nchapter.\n\"to seek, receive, and impa\nPub.L. 92-412, Title II, $ 208, Aug. 29, 1972, 86 Stat. 649.\nmedia and regardless of from\nLegislative History. For legislative see 1972 U.S.Code Cong. and Adm.News,\nthe Universal Declaration of 1\nhistory and purpose of Pub.L. 92-112, p. 30S5.\n(2) that open communica\n§ 2847a. Same; Executive Director; appointment\nthe peoples of the world c\nNotwithstanding the provisions of section 2847 (a) of this title, any\nstability, and that the prom\nfuture Executive Director of the Council on International Economic Pol-\ninterests of the United States;\nicy appointed after October 4, 1973, shall be appointed by the President.\n(3) that Free Europe, Inc\nby and with the advice and consent of the Senate.\nmittee, Incorporated (hereina\nPub.L. 93-121, I 5, Oct. 4, 1973, 87 Stat. 448.\nand Radio Liberty), have de\nthering the open communicati\nCodification. Section was not enacted Legislative History. For legislative his-\nas a part of the International Economic tory and purpose of Pub.L. 93-121, see\nEurope and the Union of Sc\nPolicy Act of 1972, which is classified to 1973 U.S.Code Cong. and Adm.News, D.\n(4) that the continuation\nthis chapter.\nerty as independent broadcas\n8 2848. Expiration date\ninconsistent with the broad f\nThe provisions of this chapter shall expire on\nJune\n30,\n1977\nunless\nex-\nStates and in accordance with\ntended by legislation enacted by the Congress.\nnational interest; and\nPub,L. 92-412, Title II, $ 209, Aug. 29, 1972, 86 Stat. 649, as amended\n(5) that in order to provid\nPub.L. 93-121, § 2, Oct. 4, 1973, 87 Stat. 447.\ncontinuation of assistance to\nand to encourage a constructi\n1973 Amendment. Pub.L. 93-121 ex- see 1972 U.S.Code Cong. and Adm.News,\ntended termination date to June 30, 1977,\np. 30S5. See. also, Pub.L. 93-121, 1973 U.S.\nion of Soviet Socialist Republi\nfrom June 30, 1973.\nCode Cong. and Adm.News, p.\nto establish a Board for Interna\nLegislative History. For legislative\nhistory and purpose of Pub.L. 92-412,\nPub.L. 93-129, s 2, Oct. 19, 1973, 8\nShort Title. Section 1 of Pub.L. 93-129\n§ 2849. Authorization of appropriations\nprovided: \"That this Act [enacting this\nchapter] may be cited as the 'Board for\nFor the purpose of carrying out the provisions of this chapter, there are\nInternational Broadcasting Act of 1973'.\"\nauthorized to be appropriated not to exceed $1,400,000 for fiscal year\n1974.\n8 2872. Board for International\nPub.L. 92-412, Title II, $ 210, Aug. 29, 1972, 86 Stat. 649, as amended\n(a) There is established a Board\nPub.L. 93-121, $ 3, Oct. 4, 1973, 87 Stat. 448.\ninafter referred to as the \"Board\")\n1973 Amendment. Pub.L. 93-121 substi- Legislative History. For legislative\ntuted fiscal year \"1974\" for \"1973\".\nhistory and purpose of Pub.L. 92-412,\nCompe\nsee 1972 U.S.Code Cong. and Adm.News.\n(b) (1) The Board shall consist 0\nD. 3085. See, also, Pub.L. 93-121, 1973 U.S.\nbe ex officio members. The Presic\nCode Cong. and Adm.News, D. -,\nadvice and consent of the Senate,\nhe shall designate as chairman. No\nof the Board appointed by the Pres.\nparty. The chief operating executf\nchief operating executive of Radio I\nof the Board and shall participate in\n216\nnot vote in the determinations of th\nFORD\n58U.S.C.A.-1415\n1973 P.P.\n21\nGERALD\nLIBRARY\n1 1\nTAB B\nFORD LIBRARY\nSTENCILLED\nTat B\nTo ARCHIVES 10/1/7\nEXECUTIVE ORDER\n11808\n-\n-\nESTABLISHING THE PRESIDENT'S ECONOMIC POLICY\nBOARD, AND FOR OTHER PURPOSES\nBy virtue of the authority vested in me by the\nConstitution and laws of the United States, it is hereby\nordered as follows:\nSection 1. There is hereby established the President's\nEconomic Policy Board (hereinafter referred to as the Board).\nSec. 2. The Board shall consist of the Secretary of\nthe Treasury, who shall be its Chairman, the Assistant to\nthe President for Economic Affairs, the Secretary of State,\nthe Secretary of the Interior, the Secretary of Agriculture,\nthe Secretary of Commerce, the Secretary of Labor, the\nSecretary of Health, Education, and Welfare, the Secretary\nof Housing and Urban Development, the Secretary of Trans-\nportation, the Director of the Office of Management and\nBudget, the Chairman of the Council of Economic Advisers,\nand the Executive Director of the Council on International\nEconomic Policy. The Chairman of the Board of Governors\nof the Federal Reserve System is invited to attend meetings\nof the Board.\nDERALO FORD LIBRARY\nSec. 3. The Economic Policy Board shall provide\nadvice to the President concerning all aspects of national\nand international economic policy, will oversee the formu-\nlation, coordination, and implementation of all economic\npolicy of the United States, and will serve as the focal\npoint for economic policy decision-making. The Chairman\nof the Board shall act as the principal spokesman for the\nExecutive Branch on matters of economic policy.\n2\nSec. 4. (a) There is hereby established the\nExecutive Committee of the Board. The Executive Committee\nshall consist of the Secretary of the Treasury, who shall\nbe its Chairman, the Assistant to the President for Economic\nAffairs, the Director of the Office of Management and Budget,\nthe Chairman of the Council of Economic Advisers, and the\nExecutive Director of the Council on International Economic\nPolicy. The Chairman of the Board of Governors of the\nFederal Reserve System is invited to attend meetings of the\nExecutive Committee.\n(b) The Executive Committee shall meet daily to\nconsider matters involving responsibilities of the Board.\nSec. 5. The Assistant to the President for Economic\nAffairs shall be the Executive Director of the Board and\nof the Executive Committee, and, as such, shall be respon-\nsible for coordinating the implementation of economic policy\nand providing liaison with the Presidential staff and with\nother Governmental activities.\nSec. 6. (a) The Secretary of the Treasury shall be a\nmember of the Council on Wage and Price Stability and be its\nChairman. The Assistant to the President for Economic Affairs\nshall be a member of the Council and be its Deputy Chairman.\n(b) The Secretary of the Treasury shall be the Chairman\nCIEP\nof the Council on International Economic Policy. The Assistant\nto the President for Economic Affairs shall be a member of\nthat Council and be its Deputy Chairman.\n(c) Section (b) of Executive Order No. 11269, as\namended (prescribing the composition of the National Advisory\nCouncil on International Monetary and Financial Policies),\n3\nis further amended by inserting after \"the Secretary of\nthe Treasury, who shall be Chairman of the Council,\" the\nfollowing \"the Assistant to the President for Economic\nAffairs, who shall be Deputy Chairman of the Council,\"\n(d) (1) Section 1 of Executive Order No. 11789\n(prescribing the composition of the President's Committee\non East-West Trade Policy) is amended to read as follows:\n\" (1) The Assistant to the President for\nEconomic Affairs.\"\n(2) Section 2 of that Order is amended to read\nas follows:\n\"Sec. 2. The Secretary of the Treasury\nshall be the Chairman of the Committee, and\nthe Assistant to the President for Economic\nAffairs shall be its Deputy Chairman.\"\nSec. 7. All departments and agencies shall cooperate\nwith the Board, including the Executive Committee thereof,\nand shall, to the extent permitted by law, provide it with\nsuch assistance and information as the Chairman or the\nExecutive Director of the Board may request.\nHereld R. Forl\nTHE WHITE HOUSE,\nGERALD LIBRARY FORD\nSeptember 30, 1974.\nTab C\nE.O. 11269\nTitle 3--Chapter II\nExecutive Order 11269\nNATIONAL ADVISORY COUNCIL ON INTERNATIONAL MONETARY AND\nFINANCIAL POLICIES\nBy virtue of the authority vested in me by Reorganization Plan No. 4\nof 1965 (30 F.R. 9353), and as President of the United States, it is\nordered as follows:\nSECTION 1. Establishment of Council. (a) There is hereby estab-\nlished the National Advisory Council on International Monetary and\nFinancial Policies, hereinafter referred to as the Council.\n(b) The Council shall be composed of the following members: the\nSecretary of the Treasury, who shall be the chairman of the Council,\nthe Secretary of State, the Secretary of Commerce, the Chairman of\nthe Board of Governors of the Federal Reserve System, and the Presi-\ndent of the Export-Import Bank of Washington.\n(c) Whenever matters within the jurisdiction of the Council may\nbe of interest to Federal agencies not represented on the Council under\nSection 1 (b) of this order, the Chairman of the Council may consult\nwith such agencies and may invite them to designate representatives\nto participate in meetings and deliberations of the Council.\nSEC. 2. Functions of the Council. (a) Exclusive of the functions\ndelegated by the provisions of Section 3, below, and subject to the\nlimitations contained in subsection (b) of this Section, all of the func-\ntions which are now vested in the President in consequence of their\ntransfer to him effected by the provisions of Section 1(b) of Reorga-\nnization Plan No. 4 of 1965 are hereby delegated to the Council.\n(b) The functions under Sections 4 (a) and 4(b) (3) of the Bretton\nWoods Agreements Act, including those made applicable to the Inter-\nnational Finance Corporation, the Inter-American Development\nDETURN The\nBank, and the International Development Association (22 U.S.C.\n286b (a) and (b) (3) 282b; 283b; 284b), to the extent that such\nfunctions consist of coordination of policies, are hereby delegated to\nthe Council. The functions so delegated shall be deemed to include\nthe authority to review proposed individual loan, financial, exchange,\nor monetary transactions to the extent necessary or desirable to effec-\ntuate the coordination of policies.\nSEC. 3. Functions of the Secretary of the Treasury. (a) Functions\nwhich are now vested in the President in consequence of their transfer\nto him effected by the provisions of Section 1(b) of Reorganization\nPlan No. 4 of 1965 are hereby delegated to the Secretary of the Treas-\nury to the extent of the following:\n(1) Authority to instruct representatives of the United States to\ninternational financial organizations.\n(2) Authority provided for in Section 4 (b) (4) of the Bretton\nWoods Agreements Act (22 U.S.C. 286b (b) (4)\n(b) In carrying out the functions delegated to him by subsection\n(a) of this Section the Secretary shall consult with the Council.\n534\nFORD i 018870 LIBRAR\nTitle 3--Chanter II\nE. O. 11270\n(c) Nothing in this order shall be deemed to derogate from the\nresponsibilities of the Secretary of State with respect to the foreign\npolicy of the United States.\nSEC. 4. Information. (a) All agencies and officers of the Govern-\nment, including representatives of the United States to international\nfinancial organizations, (1) shall keep the Council or the Secretary of\nthe Treasury, as the case may be, fully informed concerning the\nforeign loan, financial, exchange, and monetary transactions in which\nthey engage or may engage or with respect to which they have other\nresponsibility, and (2) shall provide the Council and the Secretary\nwith such further information or data in their possession as the Council\nor the Secretary, as the case may be, may deem necessary to the appro-\npriate discharge of the responsibilities of the Council and Secretary\nunder Sections 2 and 3 of this order, respectively.\n(b) The Council shall from time to time transmit to all appropriate\nagencies and officers of the Government statements of the policies of\nthe Council under this order and such other information relating to the\nabove-mentioned transactions or to the functions of the Council here-\nunder as the Council shall deem desirable.\nSEC. 5. Executive Order No. 10033. Section 2(a) of Executive\nOrder No. 10033 of February 8, 1949, is hereby amended by substitut-\ning for the name \"National Advisory Council on International Mone-\ntary and Financial Problems\" the following: \"National Advisory\nCouncil on International Monetary and Financial Policies.\"\nSEC. 6. Effective date. The provisions of this order shall be effective\nas of January 1, 1966.\nLYNDON B. JOHNSON\nTHE WHITE HOUSE,\nFebruary 14, 1966.\nExecutive Order 11270\nSUSPENSION OF SECTION 5232(b) OF TITLE 10, UNITED STATES CODE,\nINSTRUM IVI\nWHITE HOUSE RECORDS OFFICE\nWHICH RELATES TO THE NUMBER OF LIEUTENANT GENERALS IN THE\nMARINE CORPS\nBy virtue of the authority vested in me by Section 5234 of Title 10\nof the United States Code, it is ordered as follows:\nThe provisions of section 5232(b) of Title 10 of the United States\nCode relating to the number of officers serving in the grade of lieu-\ntenant general are hereby suspended until June 30 of the fiscal year\nfollowing that in which the national emergency proclaimed by Proc-\nlamation No. 2914 of December 16, 1950, shall end.\nLYNDON B. JOHNSON\nTHE WHITE HOUSE,\nFebruary 19, 1966.\n535\nFORD is GREEPO LIBRARY\nSTENCILLED\nTORRENIVES 6/25/74\nTabD\nEXECUTIVE ORDER\n11789\nPRESIDENT'S COMMITTEE ON EAST-WEST TRADE POLICY\nBy virtue of the authority vested in me as\nPresident of the United States of America, it is hereby\nordered as follows:\nSection 1. The East-West Trade Policy Committee is\nhereby redesignated as the President's Committee on East-\nWest Trade Policy (hereinafter referred to as the\nCommittee), and is hereby continued. It shall be composed\nof the following-described members:\n(1) The Counsellor to the President for Economic\nPolicy.\n(2) The Secretary of State.\n(chairman\n(3) The Secretary of the Treasury.\n(4) The Secretary of Commerce.\n(5) The Director of the Office of Management and\nBudget.\n(6) The Executive Director of the Council on\nInternational Economic Policy.\n(7) The Special Representative for Trade Negotiations.\nSec. 2. The Counsellor to the President for\nEconomic Policy is designated Chairman of the Committee.\nThe Secretary of the Treasury and the Secretary of Commerce\nare designated Co-Vice Chairmen of the Committee and Co-\nChairmen of the Office of East-West Trade.\nSec. 3. The Deputy Under Secretary of the Treasury\nwho has been serving as the Executive Secretary of the\nEast-West Trade Policy Committee, or his successor, shall\ncontinue to serve in that capacity with the Committee.\nThe working group established by the Executive Secretary\nFORD 076830 LIBRARY\n2\nis hereby continued, and shall continue to include\nrepresentation from the agencies represented on the\nCommittee. The Executive Secretary shall continue to\nserve as chairman of the working group.\nSec. 4. Negotiation of major trade initiatives\nshall continue to be handled under the chairmanship of\nindividuals to be designated for the specific negotiations\ninvolved.\nTHE WHITE HOUSE,\nJune 25, 1974\nBERALD s. FORD LIBRARY\nFORD : GERALD LIBRARY\nTRD b\nTatE\nTHE WHITE HOUSE\nWASHINGTON\nFebruary 2, 1973\nMEMORANDUM FOR:\nTHE SECRETARY OF STATE\nTHE SECRETARY OF THE TREASURY\nTHE SECRETARY OF AGRICULTURE\nTHE SECRETARY OF COMMERCE\nTHE SECRETARY OF LABOR\nTHE SECRETARY OF TRANSPORTATION\nDIRECTOR, OFFICE OF MANAGEMENT\nAND BUDGET\nCHAIRMAN, COUNCIL OF ECONOMIC\nADVISERS\nDIRECTOR, COST OF LIVING COUNCIL\nEXECUTIVE DIRECTOR, COUNCIL ON\nINTERNATIONAL ECONOMIC POLICY\nSECRETARY OF HUD\nSUBJECT:\nCOUNCIL ON ECONOMIC POLICY\nTo help ensure better coordination in the formation and\nexecution of economic policy, there is hereby created a\nCouncil on Economic Policy.\nThis Council shall consist of the addressees of this\nMemorandum, an Assistant to the President, and such\nother members as I may from time to time designate.\nThe Assistant to the President that I shall designate\nshall serve as Chairman of the Council and may invite\nany official of the Government who is not a member\nthereof to participate in its deliberations.\nThe Council shall perform such functions relating to\neconomic policy as the President or the Chairman of\nthe Council may from time to time specify.\nAnd\nTabE\nTHE WHITE HOUSE\nWASHINGTON\nFebruary 2, 1973\nMEMORANDUM FOR:\nTHE SECRETARY OF STATE\nTHE SECRETARY OF THE TREASURY\nTHE SECRETARY OF AGRICULTURE\nTHE SECRETARY OF COMMERCE\nTHE SECRETARY OF LABOR\nTHE SECRETARY OF TRANSPORTATION\nDIRECTOR, OFFICE OF MANAGEMENT\nAND BUDGET\nCHAIRMAN, COUNCIL OF ECONOMIC\nADVISERS\nDIRECTOR, COST OF LIVING COUNCIL\nEXECUTIVE DIRECTOR, COUNCIL ON\nINTERNATIONAL ECONOMIC POLICY\nSECRETARY OF HUD\nSUBJECT:\nCOUNCIL ON ECONOMIC POLICY\nTo help ensure better coordination in the formation and\nexecution of economic policy, there is hereby created a\nCouncil on Economic Policy.\nThis Council shall consist of the addressees of this\nMemorandum, an Assistant to the President, and such\nother members as I may from time to time designate.\nThe Assistant to the President that I shall designate\nshall serve as Chairman of the Council and may invite\nany official of the Government who is not a member\nthereof to participate in its deliberations.\nThe Council shall perform such functions relating to\neconomic policy as the President or the Chairman of\nthe Council may from time to time specify.\nGERALD FORD\n§ 402\nTITLE 50.-WAR AND NATIONAL DEFENSE\nPage 12182\nActivities, and (2) by adding thereto the following-named\n(3) the Secretary of State;\nagencies:\n(4) the Secretary of Defense;\nAgency for International Development.\nOffice of Emergency Planning.\n(5) the Director for Mutual Security;\nPeace Corps.\n(6) The Chairman of the National Security Re-\nPresident's Foreign Intelligence Advisory Board.\nsources Board; and\nUnited States Arms Control Disarmament Agency.\nSEC. 2. Subsection (b) of section 2 is amended by de-\n(7) the Secretaries and Under Secretaries of\nleting from the list of departments and agencies there-\nother executive departments and of the military\nunder the Government Patents Board, and by adding\ndepartments. the Chairman of the Munitions\nthereto the following-named agency:\nBoard, and the Chairman of the Research and De.\nFederal Maritime Commission.\nvelopment Board, when appointed by the Presi-\nSEC. 3. The agencies which have been added by this order\ndent by and with the advice and consent of the\nto the lists of departments and agencies under subsec-\nSenate, to serve at his pleasure.\ntions (a) and (b) of section 2 of Executive Order No.\n10501, as amended [set out as a note under this section],\n(b) Additional functions.\nshall be deemed to have had authority for classification\nIn addition to performing such other functions as\nof information or material from the respective dates on\nwhich such agencies were established.\nthe President may direct, for the purpose of more\nJOHN F. KENNEDY\neffectively coordinating the policies and functions of\nEx. ORD. No. 11097. AMENDMENT OF EXECUTIVE ORDER No.\nthe departments and agencies of the Government\n10501. RELATING TO SAFEGUARDING OFFICIAL INFORMATION\nrelating to the national security, it shall, subject to\nEx. Ord. No. 11097, Feb. 28, 1963, 28 F.R. 2225. provided:\nthe direction of the President, be the duty of the\nBy virtue of the authority vested in me by the Consti-\nCouncil-\ntution and statutes of the United States, and as Presi-\n(1) to assess and appraise the objectives, com-\ndent of the United States, and deeming such action\nmitments. and risks of the United States in rela-\nnecessary in the best interest of the national security, it\nis hereby ordered as follows:\ntion to our actual and potential military power, in\nSECTION 1. Section 2 of Executive Order No. 10501 of\nthe interest of national security, for the purpose\nNovember 5, 1953, as amended by Executive Order No.\nof making recommendations to the President in\n10901 of January 9, 1961 and by Executive Order No.\nconnection therewith; and\n10985 of January 12, 1962 [set out as a note under this\nsection], is hereby further amended (A) by adding at\n(2) to consider policies on matters of common\nthe end of Subsection (a) thereof \"Export-Import Bank\ninterest to the departments and agencies of the\nof Washington\", \"Office of Science and Technology\", and\nGovernment concerned with the national security,\n\"The Special Representative for Trade Negotiations\";\nand to make recommendations to the President in\nand (B) by deleting from Subsection (b) thereof \"Sub-\nversive Activities Control Board.\"\nconnection therewith.\nSEC. 2. The Export-Import Bank of Washington, the\nOffice of Science and Technology, and The Special Repre-\n(c) Executive secretary; appointment and compensa-\ntion; staff employees.\nsentative for Trade Negotiations shall be deemed to have\nhad authority for the original classification of informa-\nThe Council shall have a staff to be headed by a\ntion and material from the respective dates on which\ncivilian executive secretary who shall be appointed\nsuch agencies were established.\nby the President. The executive secretary, sub-\nJOHN F. KENNEDY\nject to the direction of the Council, is au-\nOFFICE OF EMERGENCY PREPAREDNESS\nthorized, subject to the civil-service laws and chap-\nThe name of the Office of Emergency Planning was\nter 51 and subchapter III of chapter 53 of Title 5,\nchanged to the Office of Emergency Preparedness by Pub.\nL. 90-608, ch. IV, § 402, Oct. 21, 1968, 82 Stat. 1194, with\nto appoint and fix the compensation of such person-\nreferences in any other law to the Office of Emergency\nnel as may be necessary to perform such duties as\nPlanning to be deemed, after Oct. 21, 1968, references to\nmay be prescribed by the Council in connection with\nthe Office of Emergency Preparedness.\nthe performance of its functions.\nSECTION REFERRED TO IN OTHER SECTIONS\nThis section is referred to in title 10 sections 125, 133.\n(d) Recommendations and reports.\nThe Council shall, from time to time, make such\n§ 402. National Security Council.\nrecommendations, and such other reports to the\n(a) Establishment; presiding officer; functions; com-\nPresident as it deems appropriate or as the President\nposition.\nmay require. (July 26, 1947, ch. 343, title I, $ 101.\nThere is established a council to be known as the\n61 Stat. 497; Aug. 10, 1949, ch. 412, § 3, 63 Stat. 579;\nNational Security Council (hereinafter in this sec-\nOct. 28, 1949, ch. 782, title XI, § 1106 (a), 63 Stat.\ntion referred to as the \"Council\").\n972; Oct. 10, 1951, ch. 479, title V, § 501 (e) (1), 65\nThe President of the United States shall preside\nStat. 378.)\nover meetings of the Council: Provided, That in his\nREFERENCES IN TEXT\nabsence he may designate a member of the Council\nThe civil-service laws, referred to in subsec. (c), are\nto preside in his place.\nclassified generally to Title 5, Government Organization\nThe function of the Council shall be to advise the\nand Employees.\nCODIFICATION\nPresident with respect to the integration of domestic,\nProvisions in subsec. (c) which limited the compensa-\nforeign, and military policies relating to the national\ntion of the executive secretary to $10,000 a year were\nsecurity so as to enable the military services and the\nomitted since the position referred to is now in the\nother departments and agencies of the Government\nclassified civil service and subject to the applicable\nto cooperate more effectively in matters involving\ncompensation schedules.\nThe authority for covering excepted positions into the\nthe national security.\nclassified civil service was given the President by section\nThe Council shall be composed of-\n2101 et seq. of Title 5, Government Organization and\n(1) the President;\nEmployees. By Executive Order 18348 Apr. 25, 1941, the\nPresident exercised this authority respect to many\n(2) the Vice President;\npreviously excepted sitions.\nCIEP\nTHE WHITE HOUSE\nWASHINGTON\nDudley - -\n1/23/75\n2 agree\nWhy dmt we ask\nScalia for his view on\nthe more general FAB A\nrequest\nPhil A\nLIBRARY GERALD R. FORM\nTHE WHITE HOUSE\nWASHINGTON\nJanuary 22, 1975\nMEMORANDUM FOR:\nPHILLIP AREEDA\nFROM:\nDUDLEY CHAPMAN\noc\nSUBJECT:\nGAO Requests for CIEP Documents\nAttached at Tabs A and B are two separate requests for documents\nfrom GAO that have been held-up pending the formulation of our\npolicy on Executive Privilege. The request at Tab B could probably\nbe broken out before a definitive policy is established; but if this\nis done it should be in the knowledge of the issues raised by Tab A.\nThe request at Tab A is a far-reaching request by GAO for access\nto the files of CIEP and NSC. Their stated purpose in informal\ndiscussionswith me is to test the limits of what they can get. The\nsummary on page 2 of the Victor Lowe letter is an accurate state-\nment of the policy guidelines of the previous administration.\nThe request at Tab B is specified in the November 11, 1974,\nmemorandum from Hartquist to me, which is clipped to the inside\ncover of the file folder; the documents requested are in the folder.\nOf these, the most sensitive appears to be the clipped decision\nmemorandum of September 25, 1974, from Ken Rush to numerous\ncabinet level and senior White House officials. My gauge of\nsensitivity is not the content, but the level, of the communication.\nHartquist indicates no objection to furnishing the documents at\nTab B, and I agree that they pose no evident harm in themselves\nand appear to raise no serious issue of precedent. My greatest\nreservation is that in judging the issue this way we are giving up\nhigh-level documents on the ground that there is nothing harmful\nin them rather than on the basis of reasoned guidelines for access.\nWhile it is the practical thing to do here, I think we need a better\nguidepost.\nFORD\nMy recommendation would be to provide the documents in Tab\nRALD\nof P.A.\nas an ad hoc decision, reserving judgment on the broader reque st\nLIBRARY\nin Tab A.\nUNITED\nSTATES\nOFFICE GENERAL VILNOODO\nUNITED STATES GENERAL ACCOUNTING OFFICE\nWASHINGTON, D.C. 20548\nGENERAL GOVERNMENT\nDIVISION\nOctober 10, 1974\nMr. Philip W. Buchen\nCounsel to the President\nThe White House\nAttention: Mr. Jay French\nDear Mr. Buchen:\nIn discussions with Mr. Michael Oppenheimer on September 30,\n1974, Mr. Jay French asked that we write to you detailing the\nchronology of events concerning our requests for certain Council\non International Economic Policy (CIEP) and National Security\nCouncil records.\nIn view of the emerging congressional and public interest in\nthe increased United States-Soviet Union trade, we undertook in\nMarch 1974 a survey of the Government's role in East-West trade.\nLetters explaining the assignment and requesting their cooperation\nwere sent to the Departments of Commerce, State, Treasury,\nDefense, Agriculture, and three White House agencies--the Council\non International Economic Policy, the Office of the Special Trade\nRepresentative and the National Security Council. Copies are\nenclosed.\nWe met with the various agency officials to discuss our\nsurvey objectives and to establish some mutually agreeable ground-\nrules for examination of the records. With respect to the White\nHouse agencies, discussions with Mr. David Evans, CIEP, on\nJune 4, 1974, indicated that we would be able to examine inter-\nagency CIEP-sponsored studies, and decision papers emanating\nfrom CIEP to the other agencies. We understood that we would be\npermitted to examine the records at CIEP, to take notes, but not be\npermitted to make copies. Our understanding excluded random\naccess to the files, data going to or from the President, and\ninternal data going to or from the Director.\nOn June 5, 1974, Mr. Richard Price, the supervisor of\nthis assignment met with staff members of the East-West Trade\nPolicy Committee Working Group and spelled out in greater\n&\nFORD\nGERALD\nLIBRARY\ndetail specific areas of interest, our reporting objectives, and\nthe scope of our survey. The members of that Group apparently\nconsidered our request and set specific groundrules for our\naccess to executive branch agency records on East-West trade\nmatters.\nMr. Evans advised us on June 7, 1974, that the previous\narrangements had been changed. On June 10, 1974, Mr. Evans\nadvised that as a result of agreements reached at the June 5,\n1974, Trade Policy Committee Working Group we would no\nlonger be permitted to examine CIEP records. This exclusion\ncovered documents prepared by CIEP or jointly with other\nagencies, and data on pending matters. The question of access\nto CIEP internal studies was referred to the White House\nCounsel's Office.\nWe were informed by a représentative on July 30, 1974 that\nthe White House Counsel's Office had set forth the following\nguidelines:\na. direct access to CIEP files, as such, would not\nbe permitted,\nb. CIEP representatives would answer questions\nand furnish information in written or oral form,\nexcept in connection with (1) Presidential\nadvisory statements and documents relating to\nthe Presidential decision making process; (2)\nnational security sensitive material; and (3)\nnegotiating positions, and\nc. CIEP would make available factual material that\nis easily separable from confidential materials\nin the CIEP files.\nWith respect to the National Security Council, it was advised\nof our review by letter dated June 14, 1974. Initial discussion held\nwith staff members of the Council resulted in our being asked to\nprovide a listing of Council documents needed for the survey. We\nprovided a tentative listing on June 26, 1974, and Mrs. Jeanne\nDavis, the Staff Secretary advised us our request would be reviewed\nby the White House Counsel. We were advised by letter dated\nAugust 5, 1974, that upon advice of the White House Counsel, the\nNational Security Council was unable to furnish us the requested\ndocuments or permit our access to other National Security Council\n- 2 -\nFORD is LIBRARY\nrecords. The Council was prepared to provide oral briefings to\nus on the substance of the material, but not with respect to (a)\nPresidential advisory statements, comments or recommendations,\nor (b) negotiating positions or other security sensitive foreign\nrelations matters.\nIn another matter dealing with a review we are making of\nU.S. trade policy towards developing nations, we requested cer-\ntain Council documents. We again were advised, this time by\nletter dated September 25, 1974, that the Council would not\nfurnish us with copies of the requested documents.\nConversations with Mr. John Showe, CIEP and Mrs. Jeanne\nDavis, NSC, were held to explain the effect these decisions\nwould have on our ability to report to the Congress on a complete\nand factual basis. These representatives told us that the ground-\nrules for access were established by the White House Counsel and\nthat any change would have to come from that Office. In follow-\ning up on these matters with the White House Counsel's Office,\nwe were informed by Mr. Chapman that our request was one of\nseveral left over from the previous administration and that he\nwas preparing a memorandum for you on all these outstanding\nrequests. Mr. Chapman said that you would reassess the\npreviously established groundrules. Mr. Chapman said his\nmemorandum has now gone forward and that we should discuss\nthe issue with you.\nIt is our intention to report to the Congress on the Executive\nBranch's policies, practices, and procedures, for carrying out\nEast-West trade. In order to provide an accurate assessment,\nit is essential that we have access to the data which explains the\nbackground and basis for the policies being followed. Since the\npolicies apparently originated in large measure at the White House\nlevel, this data is basic to an understanding of the issues involved\nand to our evaluation.\nAccess to CIEP and National Security Council records is\nnecessary to fulfill our congressional reporting responsibilities.\nWe believe a report on East-West trade will provide the Congress\nwith valuable insights into this important matter and will assist it\nin fulfilling its responsibilities. We would appreciate your early\nconsideration of our access to the requested data on East-West\ntrade as well as on U.S. trade policy towards developing nations.\nWe would be pleased to meet with you to discuss any matters\nwhich may concern you.\nFORD : LIBRARY GERALD\n- 3 -\nAssociate Director, International Division, phone 386-5507.\nIf you have any questions, please contact Mr. John E. Milgate,\nSincerely yours,\nVictor form\nVictor L. Lowe\nDirector\nEnclosures - 6\n- 4 -\nFORD i LIBRARY 93V839\nMake\nTHE WHITE HOUSE\nWASHINGTON\nJanuary 27, 1975\nMEMORANDUM FOR:\nPHILIP W. BUCHEN\nFROM:\nJAY T. FRENCH\nSUBJECT:\nATTACHED MEMORANDUM CONCERNING\nTHE ECONOMIC POLICY BOARD\nSkip Hartquist and I have reviewed and discussed this paper. Tabs A\nand B demonstrate how the current CIEP law could be amended to\ncreate a new EPB. Tab C is the alternative approach of an entirely\nnew EPB statute.\nMr. Seidman would like to give this memorandum to the President\nby February 3 (Monday).\nIn order not to delay your review of this proposal I have not examined\nit in detail. I would note that based upon a discussion at our first\nmeeting the Executive Committee should be deleted from the draft of\nthe amended CIEP law. See Tab B \"Sec. \", following \"Sec. 205\".\nAdditionally, Skip upon review noted that the President should not\ndesignate a Board Chairman if he (The President) sits on the Board.\nTherefore, the last sentence in Section 205 of Tab B could be deleted.\nI concur.\nYou indicated earlier that Max Friedersdorf might be consulted with\nregard to selection of the best legislative course. I will prepare a\ncover memorandum for him, defining the issue if you prefer.\nLIBRARY GERALD R. FORD\nCOUNCIL ON INTERNATIONAL ECONOMIC POLICY\nWASHINGTON, D.C. 20500\nMEMORANDUM FOR\nPHILIP W. BUCHEN\nSUBJECT:\nLegislation Regarding Economic Policy Board\nAttached are three items for your review. Items (1) and (2) represent\noptional approaches in drafting the EPB bill:\n(1) Draft legislation to establish the Economic Policy Board by\namending the International Policy Act of 1972 (TAB A).\n(a) A version of (1) showing changes in existing law (TAB B).\n(2) Draft legislation establishing the Economic Policy Board and\nrepealing the International Economic Policy Act of 1972 (TAB C).\nI recommend we submit to Congress the draft legislation establishing\nthe EPB and repealing the International Economic Policy Act of 1972\n(Tab C above). It seems to me that this legislation should be presented\nto the Congress as an additional effort by the President to solve the\ndifficult economic problems facing the nation, rather than as an\n\"upgrading\" of CIEP. Legislation amending the CIEP statute (Tab A)\nwould tend to understate the importance of the EPB itself while emphasizing\nthe broadening of CIEP's responsibilities.\nThe basic arguments for establishing the EPB by legislation are as\nfollows:\n(1) The President is reinforcing his determination to cooperate\nwith the Congress in solving our economic problems by establishing\nthe EPB by statute, making it accountable to Congress.\n- 2 -\n(2) In order to support the decision-making process within the\nEPB, and assure coordination among Federal departments and agencies\non economic matters, the President has decided to provide the EPB\nwith a small, highly qualified staff.\nWhile I agree with your assessment that it is important to retain the\nsupport of CIEP's constituency on the Hill, I believe our supporters\nwill favor giving the EPB a legislative mandate, particularly if they\nare assured that CIEP's functions regarding international economic\npolicy will be continued under the umbrella of the EPB setup. With\nrespect to Congressional leaders, key Committee chairmen and the\nmembership at large who may not be intimately familiar with CIEP,\nhowever, I think it is important to submit the proposal as a new law\nrather than as an amendment to an existing statute which deals with\ninternational economic matters. This is even more important with\nrespect to the presentation of the proposal to the press and the general\npublic.\nOMB also recommends following the approach taken in Tab C, for the\nfollowing reasons:\n(1) If the legislation is drafted in the form of a reorganization of\nthe Executive Office, it is more likely to be referred to the Government\nOperations Committees than the Banking Committees. This is desirable,\nbecause the testimony of the Administration witness would then be focused\non organizational matters rather than a detailed examination of economic\npolicy. This is particularly important because Senator Proxmire and\nCongressman Reuss, vocal critics of the Administration's economic\nprogram, chair the Banking Committees.\n(2) If the legislation is referred to the Government Operations\nCommittees, we have more flexibility in deciding who the Administration\nwitness will be. It may be desirable to have the Director of the Office of\nManagement and Budget testify, rather than Mr. Seidman. This would\navoid the complication of having an Assistant to the President testify\n(though the Assistant to the President would be testifying in his capacity\nas the President's nominee for Executive Director of the Board).\nFORD\n&\nGERALD\nLIBRARY\n- 3 -\n(3) As a reorganization proposal, the draft legislation is less\nlikely to be encumbered with detailed amendments requiring an annual\nreport, reports to various congressional committees and SO forth.\n(4) This method of establishing the EPB is in accord with the\nPresident's desire to set up an \"NSC-type\" organization for economic\npolicy.\nmake Dum\nJ. M. Dunn\nActing\nExecutive Director\nAttachments\nFORD & CERALD LIBRARY\nA BILL\nTo establish the President's Economic Policy Board, to amend\nthe International Economic Policy Act of 1972, and for other\npurposes.\nBe it enacted by the Senate and House of Representatives of\nthe United States of America in Congress assembled, That this\nAct may be cited as the \"Economic Policy Act of 1975. \"\nSec. 2. Section 202 of the International Economic Policy Act of\n1972 (22 U.S.C. 2841) is amended by striking out \"a more rational\nand orderly international economic policy for\", and inserting in lieu\nthereof \"the domestic and international economic policy of\".\nSec. 3. Section 203 of the International Economic Policy Act of\n1972 (22 U.S.C. 2842) is amended -\n(1) by inserting immediately after \"purposeful\" in the\nsecond sentence thereof \"domestic and\";\n(2) by striking out \"(1)\" in the second sentence thereof;\n(3) by striking out everything following \"activity\" in the\nsecond sentence thereof and placing a period after \"activity\";\nFORD & DERALO LIBRARY\n(4) by striking out \"a Council on International Economic\nPolicy\" in the third sentence and inserting in lieu\nthereof \"an Economic Policy Board\";\n(5) by amending the first clause of subparagraph (A) by\ninserting immediately after \"of\" the following:\n\"domestic and\"; and by amending the second clause\nthereof by striking out \"international\" and by striking\nout \"including trade, investment, balance of payments,\nand finance\";\n(6) by amending subparagraph (C) by inserting immediately\nafter \"coordination\" the following: \"of international\neconomic policy\"; and\n(7) by amending the last sentence by striking out \"Council\"\nand inserting in lieu thereof \"Board\", by inserting\nimmediately after \"long-range development of\" the\nfollowing: \"domestic and\", and by striking out \"a\nrational and orderly international economic policy for\"\nand inserting in lieu thereof \"the domestic and international\neconomic policy of\".\nFORD & OERALD LIBRARY\nSec. 4. Section 204 of the International Economic Policy Act of\n1972 (22 U.S.C. 2843) is amended by striking out \"a Council on\nInternational Economic Policy (hereinafter referred to in this\ntitle as the \"Council\")\" and inserting in lieu thereof \"an Economic\nPolicy Board (hereinafter referred to as the \"Board\")\".\nSec. 5. Section 205 of the International Economic Policy Act of\n1972 (22 U.S.C. 2844) is amended -\n(1) by striking out \"Council\" in the first sentence and inserting\nin lieu thereof \"Board\";\n(2) by adding the following new subparagraphs -\n\"(1) The President.\"\n\"(2) The Vice President.\"\n\"(6) The Secretary of the Interior.\"\n\"(10) The Secretary of Health, Education, and Welfare.\"\n\"(11) The Secretary of Housing and Urban Development.\"\n\"(13) The Assistant to the President for Economic Affairs.\n(3) by redesignating subparagraphs (1), (2), (3), (4), (5), (6),\n(7), (8), (9) and (10) as subparagraphs (3), (4), (5), (7),\n(8), (9), (12), (14), (15), and (16), respectively; and\n(4) by striking out \"Council\" both times it appears in the\nlast sentence and inserting in lieu thereof \"Board\".\nBERALE FORD LIBRARY\nSec. 6. There shall be an Executive Committee of the Board which\nshall be composed of such members as the President may designate.\nThe President shall designate the Chairman of the Executive\nCommittee from among its members. The Executive Committee\nshall meet from time to time to consider matters involving responsi-\nbilities of the Board.\nSec. 7. Section 206 of the International Economic Policy Act of\n1972 (U.S.C. 2845) is hereby repealed.\nSec. 8. Subject to the direction of the President, and in addition to\nperforming such other functions as he may direct, the Board shall -\n(1) Advise the President concerning all aspects of national\nand international economic policy.\n(2) Oversee the formulation, coordination, and implementation\nof all economic policy of the United States.\n(3) Serve as the focal point for economic policy decision-making.\n(4) Coordinate the activities of all the departments and agencies\nof the United States with one another for the purpose of\naccomplishing a more consistent domestic and international\neconomic policy.\n(5) Make such recommendations and reports to the President\nas it deems appropriate or as the President may require.\nFORD it LIBRARY QERALD\n(6) Assist and advise the President in the preparation of the\nEconomic Policy Report required under Section 10 of\nthis title.\nSec. 9. Section 207 of the International Economic Policy Act of\n1972 (22 U.S.C. 2846) is hereby repealed.\nSec. 10. The President shall transmit to the Congress an annual\nEconomic Policy Report on the activities of the Board, setting\nforth a program for carrying out the policy objectives of this title,\ntogether with such recommendations for legislation as he may\ndeem necessary or advisable.\nThe President may transmit from time to time reports\nsupplementary to the Economic Policy Report, each of which may\ninclude such supplementary or revised recommendations as he may\ndeem necessary or desirable to achieve the purposes and policy\nobjectives set forth in this title.\nSec. 11. Section 208 of the International Economic Policy Act of\n1972 (22 U.S.C. 2847) is amended -\n(1) by striking out \"Council\" in both places it appears in\nparagraph (a) and inserting in lieu thereof \"Board\",\nand by inserting immediately after \"President\" in the\nfirst sentence thereof \"by and with the advice and\nconsent of the Senate, \";\nFORD : LIBRARY GERALD\n(2) by striking out \"Council,\" in the first sentence of sub-\nparagraph (b)(1) and inserting in lieu thereof \"Board,\";\n(3) by striking out the second sentence of subparagraph\n(b)(1) and inserting in lieu thereof \"The staff of the\nBoard shall be appointed and compensated without\nregard to the provisions of law regulating the employment\nand compensation of persons in the Government service:\nProvided, That, except for the officers provided for in\nparagraph (2) and for not to exceed\npersons\nwho\nmay\nreceive compensation not in excess of the rate now or\nhereafter provided for GS-18, no staff personnel shall\nreceive compensation in excess of the rate now or hereafter\nprovided for GS-15.\";\n(4) by striking out \"Council\" in subparagraph (b)(2) and\ninserting in lieu thereof \"Board\", and by striking out\n\"one\", \"IV\", \"two\", and \"V\" and inserting in lieu\nthereof\" , \" , \" \", and \" \", respectively; and\n(5) by striking out \"Council\" in paragraph (d) and inserting\nin lieu thereof \"Board\".\nFORD is LIBRARY GERALD\nSec. 12. Section 5 of (Public Law 93-121) (22 U.S.C. 2847a) is\nhereby repealed.\nSec. 13. Section 209 of the International Economic Policy Act of\n1972 (22 U.S.C. 2848) is hereby repealed.\nSec. 14. Section 210 of the International Economic Policy Act of\n1972, as amended (22 U.S.C. 2849) is amended by striking out\n\"not to exceed $1, 800, 000 for fiscal year 1975. \", and inserting\nin lieu thereof \"such sums as may be necessary.\".\nFORD is LIBRARY DERALT\nLIBRARY\nFORD\nis\nGERALD\nA BILL\nTo establish the President's Economic Policy Board, and for\nother purposes.\n(SHOWING CHANGES IN EXISTING LAW MADE BY THE BILL.\nEXISTING LAW PROPOSED TO BE OMITTED IS LINED THROUGH,\nNEW MATTER IS UNDERLINED, AND EXISTING LAW IN WHICH\nNO CHANGE IS PROPOSED IS SHOWN IN REGULAR TYPE.)\nBe it enacted by the Senate and the House of Representatives of\nthe United States of America in Congress assembled, That this\nAct may be cited as the \"Economic Policy Act of 1975\".\nSec. 202. It is the purpose of this title to provide for closer Federal\ninteragency coordination in the development of a-more-rational-and\norderly- the domestic and international economic policy for of the\nUnited States.\nSec. 203. The Congress finds that there are many activities undertaken\nby various departments, agencies, and instrumentalities of the Federal\nGovernment which, in the aggregate, constitute the domestic and\ninternational economic policy of the United States. The Congress\nFORD LIBRARY\nfurther finds that the objectives of the United States with respect\nto a sound and purposeful domestic and international economic policy\ncan be better accomplished through the closer coordination of (-1-)-\ndomestic and foreign economic activity. and- (2) in particular,-that-eeonomic\nbehavior which,-taken togetherconstitutested-Sate-interationl-\neconomic-policy. Therefore this Act establishes a-Gouneil-on\nInternational-Economic Policy an Economic Policy Board which will\nprovide for - -\n(A) a clear top level focus for the full range of domestic and\ninternational economic issues/deal c/to with international economic policies\nto\nincluding-trade,-invostment_-balanee-of-payments,-aad finane-\nas a coherent whole;\n(B) consistency between domestic and foreign economic policy;\nand\n(C) close coordination of international economic policy with basic\nforeign policy objectives.\nThe Congress intends that the Council Board shall be provided with\nthe opportunity to (i) investigate problems with respect to the\ncoordination, implementation, and long-range development of domestic\nand international economic policy, and (ii) make appropriate findings\nFORD is 0ERALD LIBRARY\nand recommendations for the purpose of assisting in the development\nof a-rational and orderly international the domestic and international\neconomic policy for of the United States.\nSec. 204. There is created in the Executive Office of the President\na-Councilen-International-Eeenomic-Polioy(hereinafter-roforrodto-\nin this title-as the-'Couneil). an Economic Policy Board (hereinafter\nreferred to as the \"Board\").\nSec. 205. The Gouncil Board shall be composed of the following members\nand such additional members as the President may designate:\n(1) The President.\n(2) The Vice President.\n(1) (3) The Secretary of State.\n(2) (4) The Secretary of the Treasury.\n(3) (5) The Secretary of Defense.\n(6) The Secretary of the Interior.\n(4) (7) The Secretary of Agriculture.\n(5) (8) The Secretary of Commerce.\n(6) (9) The Secretary of Labor.\n(10) The Secretary of Health, Education, and Welfare.\nFORD LIBRARY\n(11) The Secretary of Housing and Urban Development.\n(7)-(12) The Secretary of Transportation.\n(13) The Assistant to the President for Economic Affairs.\n(8)-(14) The Director of the Office of Management and Budget.\n(9)-(15) The Chairman of the Council of Economic Advisers.\n(10) (16) The Special Representative for Trade Negotiations.\nThe President shall designate the Chairman of the Gouneil Board from\namong the members of the Council Board.\nSec.\nThere shall be an Executive Committee of the Board which\n(optinel)\nshall be composed of such members as the President may designate.\nThe President shall designate the Chairman of the Executive Committee\nfrom among its members. The Executive Committee shall meet from\ntime to time to consider matters involving responsibilities of the Board.\nSe 206. - Subject to the direction of the President, and in addition\nto performing such other functions as he may direct, the -Gouneil-\nshall--\n(1) Assist and advise the President in the preparation of the\nInternational Economic Report required under section 207.\nLIBRARY GERALD ? FORD\n(2)- Review the -activities the policies the United-States\nGovernment which-indirectly or-directly relate to international\neconomics-and, for-the purpose of making recommendations-to-t\nPresident in connection therewith; consider-with some degree of\nspecificity-the substance and scope- of the -inte rnational economie-\npolicy-ef the United-States,-whi eh consideration all include examination\nef- the -economie activitie (A) the various-ageneies, departments,\nand instrumentalitie -of-the Federal-Government, (B) the-several\nStates,-and-(C-private-industry:\n(3)- Gellect, analyze, -and evaluate authoritative information,\ncurrent and prospective, eeneerning international economic matters.-\nSuch evaluations shall inelude but-not-be limited -to-the impact-of\ninternational-trade on-the level, stability, and financial rewards for-\ndemestie labor-and the-impact-of-the transnational corporation on\ninternational-trade flows-\n(4) -Gensider policies-and programs-for coordinating-the activities\nof all the departments and-ageneies of the United States with -one another-\nfor the purpose of accomplishing a more e ensistent -inte rnational\neconomic-policy;-and make re commendations to the President in-\nconnection-therewith.-\nFORDO : 018830 LIBRARY\n(5)- Continually assess-the progress-and -effe etiveness of Federal\nefforts to earry -out-a consisten international economic policy.\n(6)- -Make commendations to the President for-domestic and-\nforeign- programs which will promote- & more consistent -inte rnational\neconomic-pelicy-en the part of the United States and private industry. -\nRecommendations-under this paragraph shall-include, - but shall not be\nlimited to, policy proposals relating to monetary mechanisms, foreign -\ninvestment, trade, the-balance of -payments, foreign-aid,-tares,-\ninternational-tourism and aviation, - and -inte rnational treaties and -\nagreements relating to-all such matters. - In addition to other appropriate- -\nobjectives, such policy proposals should be developed with a view toward -\n(A) - strengthening the United States competitive position in world-\ntrade;\n(B) - achieving equilibrium- in international payment accounts-of-the\nUnited States;\n(G) - increasing exports of goods and services;-\n(D) - protecting and improving the earnings of foreign investments -\nconsonant with the concepts of tax-equity-and the need for-domestic\ninvestment;-\n(E) - achieving-freedom-of movement of people,goods,-capital,--\ninformation, -and technology -on a reciprocal-and-worldwide basis,\nLIBRARY GERALD ? FORD\n(F)-increasing-the-real-empleyment-and -income-of-workers-and\nconsumers on-the-basis-of-intermational-eeenomic-aetivity;-ane\n(G)-preserving the-diversificd-industrial base-ef the-United-Stetes\nSec.\nSubject to the direction of the President, and in addition to\nperforming such other functions as he may direct, the Board shall -\n(1) Advise the President concerning all aspects of national and\ninternational economic policy.\n(2) Oversee the formulation, coordination, and implementation\nof all economic policy of the United States.\n(3) Serve as the focal point for economic policy decision-making.\n(4) Coordinate the activities of all the departments and agencies\nof the United States with one another for the purpose of\naccomplishing a more consistent domestic and international\neconomic policy.\n(5) Make such recommendations and reports to the President\nas it deems appropriate or as the President may require.\n(6) Assist and advise the President in the preparation of the\nEconomic Policy Report required under Section 8 of this\ntitle.\nFORDO is LIBRARY GERALD\nLIBRARY\nSeer-207. President shall transmit to-the Congress an-annual\nreport on- the international economic position of the-United States.\nSuch-report (hereinafter referred to the \"International Economic -\nReport-1) shall be submitted not later than sixty day after the beginning\nef each regular session-of the Congress, and shall- include -\n(1) - information and statistics deseribing characteristics of\ninternational economic activity and identifying significant current -\nand-foresecable-trends-and-developments,\n(2)- a review of the-international economic program of the\nFederal Government and a review of domestic- and-foreign-economic\nconditions-and other -significant matters affecting the balance of-\ninternational payments of the United-States-and -of- their effect -on\nthe international trade, investment, financial; and monetary\nposition -of- the States, -\n(-3)- -a review of the -impa of -inte rnational voluntary standards\nthe foreign investments-of-United States based transnational firms, -\nand the level of foreign wage rates-on the level, stability, -and -\nfinancial reward for domestic employment;\n(4)- 2 a comparative description and analysis of the following\nsubject-matter, with respect te-the-United States, the European\nCommunity and principal countries- within-the European Community, -\nJapan, and whenever applicable, the Union of Soviet Socialist -\nRepublics -\nGERALD B. FORD LIBRARY\n(A) -research-and development-expenditumres,-and-productivity\nand technological trends or-industrial and-agricultural\nsectors;-\n(B) - investment patterns in-new-plant-and equipment;-\n(G) industrial manpower training practices;\n(D) tax-incentives-and-other-governmental-financial-assistance,\n(E) -export-promotion-practicos;-\n(F) share-of-the export-market, by area-and-industrialand-\nagricultural sectors;-\n(G) environmental practices;\n(H)-antitrust practices;-and\n(1) long range governmental economic planning programs,\ntargets,-and-objoctives;\n(5)- a review-efthe-relationship between-the-United States Government-\nand -American-private-business with-respect-tothe-categories-of-subject\nmatter listed in -subparagraphs (A)through-()-of-paragraph-(4)-and any-\nother appropriate areas of information, together with -recommendations\nfor appropriate policies and programs in order-to insure that-American\nbusiness is competitive in international commerce; and\nLIBRARY GERALD B= FORD\n(6)-a programfor-earrying out-the-policy-ebjectives-of-this\ntitle,-tegether with-such -recommendations-for-legislationas-he\nmay deem necessary or-desirable. -\n(b) The President transmit from to time to the Congress -\nwhieh -may-include sueh-supplementary or-revised recommcndationses\nhe-may-deem necessary er desirable to-achieve the purposes and policy-\nebjectives-set-forth-in-this title\nSec.\nThe President shall transmit to the Congress an annual Economic\nPolicy Report on the activities of the Board, setting forth a program for\ncarrying out the policy objectives of this title, together with such\nrecommendations for legislation as he may deem necessary or advisable.\nThe President may transmit from time to time reports supplementary\nto the Economic Policy Report, each of which may include such supple- -\nmentary or revised recommendations as he may deem necessary or\ndesirable to achieve the purposes and policy objectives set forth in\nthis title.\nLIBRARY GERALD ? FORD\nSection-5-of-Public Law 02-121(87-Stat-448);-stated-\nof-the-International-Economic-Poliey-Actof1972;-any-future\nExecutive Director of-the Council International Economic\nPolicy appointed after the -date- ef the-enactment -of this\nshall-be appointed by by -and with -the-advice\nand-consent-ofthe-Senate.-\nSec. 208. (a) The staff of the Council Board shall be headed by an\nExecutive Director who shall be appointed by the President, by and\nwith the consent of the Senate, and he shall be compensated at the rate\nnow or hereafter provided for level II of the Executive Schedule (5 U.S.C.\n5313). He shall keep the Committee on Banking, Housing and Urban\nAffairs of the Senate, the Committee on Banking and Currency of the\nHouse of Representatives, the Committee on Foreign Relations of the\nSenate, the Committee on Foreign Affairs of the House of Representatives,\nthe Committee on Finance of the Senate, the Committee on Ways and Means\nof the House of Representatives, and the Joint Economic Committee fully\nand currently informed regarding the activities of the Geuneil Board.\n(b) (1) With the approval of the Geuneil Board, the Executive Director\nmay appoint and fix the compensation of such staff personnel as he deems\nnecessary. Exceptas provided-i+ paragraph(2),he staff ohe o\nshall-be appointed subject the provisions of title 5, United-States-Code,\ngoverning appointments in-the competitive service, and shall e-paid in-\naecordance with provisions of chapter subehapter IH-ef chapter-\nFORD\nof such-title relating- classification-and General Schedule pay ratese BRANT\nThe staff of the Board shall be appointed and compensated without\nregard to the provisions of law regulating the employment and compensation\nof persons in the Government service: Provided, That, except for the\nofficers provided for in paragraph (2) and for not to exceed\npersons\nwho may receive compensation not in excess of the rate now or hereafter\nprovided for GS-18, no staff personnel shall receive compensation in\nexcess of the rate now or hereafter provided for GS-15.\n(2) With the approval of the Council Board, the Executive Director\nmay appoint and fix the compensation of one\nofficer(s) at a rate of\nbasic compensation not to exceed the rate provided for level IV-\nof\nthe Federal Executive Salary Schedule, and appoint and fix the compensation\nof two officers at rates of basic compensation not to exceed the rate\nprovided for level V- of the Federal Executive Salary Schedule.\n(c) With the approval of the Council, the Executive Director may\nprocure temporary and intermittent service to the same extent as is\nauthorized by section 3100 of title 5, United States Code, at rates not\nto exceed the daily equivalent of the rate provided for GS-18.\n(d) Upon request of the Executive Director, the head of any\nFederal agency is authorized to detail, on a reimbursable basis, any\nof its personnel to the Geuneil Board to assist it in carrying out its\nduties under this title.\nLIBRARY GERALD : FORD\nSee-209-The-provisions-ef thistitle-chal-expire-on-une 0,\n1977,-unless-entended-by-legislation-enacted-by-the-Congress\nSec. 210. For the purpose of carrying out the provisions of this\ntitle, there are authorized to be appropriated not to-exceed\n$1,00,000 for-fiseal- year-1075- such sums as may be necessary.\nSec.\nThe International Economic Policy Act of 1972, as\namended, (22 U.S.C. 2841-2849), is hereby repealed.\nTAB C\nA BILL\nTo establish the President's Economic Policy Board, and for other\npurposes.\nBe it enacted by the Senate and the House of Representatives of the\nUnited States of America in Congress assembled, That this Act may\nbe cited as the \"Economic Policy Board Act of 1975. 11\nSec. 2. There is hereby established the President's Economic Policy\nBoard (hereinafter in this chapter referred to as the \"Board\").\nSec. 3. Subject to the direction of the President, and in addition to\nperforming such other functions as he may direct, the Board shall -\n(1) Advise the President concerning all aspects of national\nand international economic policy.\n(2) Oversee the formulation, coordination, and implementation\nof all economic policy of the United States.\n(3) Serve as the focal point for economic policy decision-making.\n(4) Make such recommendations and reports to the President\nas it deems appropriate or as the President may require.\nLIBRARY\nSec. 4. The Board shall be composed of the following members\nand such additional members as the President may designate:\n(1) The President.\n(2) The Vice President.\n(3) The Secretary of State.\n(4) The Secretary of the Treasury.\n(5) The Secretary of Defense.\n(6) The Secretary of the Interior.\n(7) The Secretary of Agriculture.\n(8) The Secretary of Commerce.\n(9) The Secretary of Labor.\n(10) The Secretary of Health, Education, and Welfare.\n(11) The Secretary of Housing and Urban Development.\n(12) The Secretary of Transportation.\n(13) The Assistant to the President for Economic Affairs.\n(14) The Director of the Office of Management and Budget.\n(15) The Chairman of the Council of Economic Advisers.\n(16) The Special Representative for Trade Negotiations.\nThe President shall preside over meetings of the Board: Provided, That\nin his absence he may designate a member of the Board to preside in his\nplace.\nrano\nSec. 5. (a) The staff of the Board shall be headed by an Executive\nDirector who shall be appointed by the President. The Executive\nDirector shall be compensated at the rate now or hereafter provided\nfor level II of the Executive Schedule (5 U.S.C. 5313).\n(b)(1) With the approval of the Board, the Executive Director\nmay appoint and fix the compensation of such staff personnel as he\ndeems necessary. The staff of the Board shall be appointed and\ncompensated without regard to the provisions of law regulating the\nemployment and compensation of persons in the Government service:\nProvided, That, except for the officers provided for in paragraph (2)\nand for not to exceed\npersons who may receive compensation not\nin excess of the rate now or hereafter provided for GS-18, no staff\npersonnel shall receive compensation in excess of the rate now or\nhereafter provided for GS-15.\n(2) With the approval of the Board, the Executive Director may\nappoint and fix the compensation of\nofficer(s) at a rate of basic\ncompensation not to exceed the rate provided for level\nof the\nFederal Executive Salary Schedule, and appoint and fix the compensation\nof\nofficer(s) at rates of basic compensation not to exceed the rate\nprovided for level\nof the Federal Executive Salary Schedule.\nFORD\nLIBRARY\n(c) With the approval of the Council, the Executive Director\nmay procure temporary and intermittent service to the same extent\nas is authorized by section 3100 of title 5, United States Code, at\nrates not to exceed the daily equivalent of the rate provided for GS-18.\n(d) Upon request of the Executive Director, the head of any\nFederal agency is authorized to detail, on a reimbursable basis, any\nof its personnel to the Board to assist it in carrying out its duties under\nthis title.\nSec. 6. The Council on International Economic Policy is hereby abolished.\nThe International Economic Policy Act of 1972, as amended (22 U.S.C.\n2841-2849), is hereby repealed.\nSec. 7. The records, property, personnel, and unexpended balances\nof appropriations, authorizations, allocations and other funds held, used,\narising from, available to, or to be made available to the Council on\nInternational Economic Policy, are hereby transferred to the Economic\nPolicy Board.\nSec. 8. For the purpose of carrying out the provisions of this title,\nthere are authorized to be appropriated such sums as may be necessary.\nFORD\nLIBRARY"
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