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135838626
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Cabinet Meetings [Notes] (February 1981)
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135838626
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Cabinet Meetings [Notes] (February 1981)
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291
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Records of the White House Office of Speechwriting (Reagan Administration)
Kenneth L. Khachigian's Meeting Files
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1981-12-31
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1981
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Ronald Reagan Presidential Library
Digital Library Collections
This is a PDF of a folder from our textual collections.
Collection: Khachigian, Kenneth L.: Files
Folder Title: Cabinet Meetings
[Notes] (February 1981)
Box: 1
To see more digitized collections visit:
https://reaganlibrary.gov/archives/digital-library
To see all Ronald Reagan Presidential Library inventories visit:
https://reaganlibrary.gov/document-collection
Contact a reference archivist at: [email protected]
Citation Guidelines: https://reaganlibrary.gov/citing
National Archives Catalogue: https://catalog.archives.gov/
WITHDRAWAL SHEET
Ronald Reagan Library
Collection: KHACHIGIAN, KEN: Files
Archivist: ggc d/b
File Folder: Cabinet Meetings (2 of3) Box 4689
[Notes] (February 1981)
Boxl
Date: 5/13/97 redo 10/24/06
DOCUMENT
SUBJECT/TITLE
DATE
RESTRICTION
NO. AND TYPE
44 Notes
handwritten notes by Ken Khachigian re Cabinet
2/13/81
P5
Meetings (3 pp)
/
of Notes
handwritten notes by Ken Khachigian re Cabinet
2/4/81
P5,Pt 81
Meetings (7 pp.)
2
B. Memo
from L. Paul Bremer to Craig Fuller re Burden of,
2/3/81
F5
Proof for Statutory Validity of Regulations (2 pp.)
3
4. Memo
from James Edwards to Craig Fuller re Burden of
2/3/81
-P5-
Proof for Statutory Validity of Regulations (1p)
5. Notes
handwritten notes by Ken Khachigian re Cabinet
1/26/81
P5,Pt BI
Meeting (4 pp.)
6. Notes
handwritten notes by Ken Khachigian re Cabinet
1/24/81
P5,P1- BI
Meeting (7 pp.)
7 Notes
handwritten notes by Ken Khachigian re Cabinet
1/23/81
-P5
Meeting 67 pp.)
8. Notes
handwritten notes by Ken Khachigian re Cabinet
1/22/81
PSBb Bb
Meeting (12 pp)
partial
P.ID
B.
CCB 11/29/00
RESTRICTION CODES
Presidential Records Act- [44 U.S.C. 2204(a)]
Freedom of Information Act - [5 U.S.C. 552(b)]
P-1 National security classified information [(a)(1) of the PRA].
F-1 National security classified information [(b)(1) of the FOIA].
P-2 Relating to appointment to Federal office [(a)(2) of the PRAJ.
F-2 Release could disclose internal personnel rules and practices of an agency [(b)(2) of the
P-3 Release would violate a Federal statute [(a)(3) of the PRA].
FOIA].
P-4 Release would disclose trade secrets or confidential commercial or financial information
F-3 Release would violate a Federal statue [(b)(3) of the FOIA}.
[(a)(4) of the PRA].
F-4 Release would disclose trade secrets or confidential commercial or financial information
P-5 Release would disclose confidential advice between the President and his advisors, or
[(b)(4) of the FOIA].
between such advisors [(a)(5) of the PRA].
F-6 Release would constitute a clearly unwarranted invasion of personal privacy ((b)(6) of the
P-6 Release would constitute a clearly unwarranted invasion of personal privacy [(a)(6) of
FOIA].
the PRA].
F-7 Release would disclose information compiled for law enforcement purposes ((b)(7) of
the FOIA].
C. Closed in accordance with restrictions contained in donor's deed of gift.
F-8 Release would disclose information concerning the regulation of financial institutions
[(b)(8) of the FOIA].
F-9 Release would disclose geological or geophysical information concerning wells [(b)(9) of
the FOIA].
WITHDRAWAL SHEET
Ronald Reagan Library
Collection: KHACHIGIAN, KEN: Files
Archivist: ggc dlb
(Notes) (F-Druary 1781)
redo
File Folder: Cabinet Meetings (Lof 3) Box 4689
Date: 5/13/97
Boxl
10/24/04
DOCUMENT
SUBJECT/TITLE
DATE
RESTRICTION
NO. AND TYPE
1. Notes
handwritten notes by Ken Khachiglan re Cabinet
4/24/81
P5
Meeting (8 pp.)
2. Notes
handwritten notes by Ken Khachigian re Cabinet
4/16/81
P5
Meeting (2 pp
3. Notes
handwritten notes by Ken Khachigian re Cabinet
4/2/81
P5,P1 BI
Meetings (4 pp.)
4. Notes
handwritten notes by Ken Khachigian re Cabinet
3/19/81
P5- B6
Meeting (5pp.) pantial; p.5, AID
5. Notes
handwritten notes by Ken Khachigian re Cabinet
3/13/81
P5
Meeting (2 pp
6. Notes
handwritten notes by Ken Khachigian re Cabinet
3/5/81
PS
Meeting (4 pp.)
Notes
handwritten notes by Ken Khachigian re Cabinet
2/26/81
P5
5
Meeting (4 pp.)
(a3 11/29/00
RESTRICTION CODES
Presidential Records Act - [44 U.S.C. 2204(a)]
Freedom of information Act [5 U.S.C. 552(b)]
P-1 National security classified information [(a)(1) of the PRA].
P-2 Relating to appointment to Federal office [(a)(2) of the PRA].
F-1 National security classified information [(b)(1) of the FOIA].
P-3 Release would violate a Federal statute [(a)(3) of the PRA].
F-2 Release could disclose internal personnel rules and practices of an agency [(b)(2) of the
FOIA].
P-4 Release would disclose trade secrets or confidential commercial or financial information
[(a)(4) of the PRA].
F-3 Release would violate a Federal statue [(b)(3) of the FOIA].
P-5 Release would disclose confidential advice between the President and his advisors, or
F-4 Release would disclose trade secrets or confidential commercial or financial information
[(b)(4) of the FOIA].
between such advisors [(a)(5) of the PRA].
P-6 Release would constitute a clearly unwarranted invasion of personal privacy [(a)(6) of
F-6 Release would constitute a clearly unwarranted invasion of personal privacy [(b)(6) of the
FOIA].
the PRA].
F-7 Release would disclose information compiled for law enforcement purposes [(b)(7) of
the FOIA].
C. Closed in accordance with restrictions contained in donor's deed of gift
F-8 Release would disclose information concerning the regulation of financial institutions
[(b)(8) of the FOIA].
F-9 Release would disclose geological or geophysical information concerning wells ((b)(9) of
the FOIA].
WITHDRAWAL SHEET
Ronald Reagan Library
Collection: KHACHIGIAN, KEN: Files
Archivist:- gge db
[Notes] (February 4689 1981)
redo
File Folder: Cabinet Meetings (2 of 3) Box
Date: 5/13/97 10/24/06
Box /
DOCUMENT
SUBJECT/TITLE
DATE
RESTRICTION
NO. AND TYPE
4
K.
Notes
handwritten notes by Ken Khachigian re Cabinet
2/13/81
P5
Meetings (3 pp)
/
76. Notes
handwritten notes by Ken Khachigian re Cabinet
2/4/81
P5, P1
Meetings (7 pp.)
2
bs. Memo
from L. Paul Bremer to Craig Fuller re Burden of
2/3/81
P5
Proof for Statutory Validity of Regulations (2 pp.)
3
4. Memo
from James Edwards to Craig Fuller re Burden of
2/3/81
P5
Proof for Statutory Validity of Regulations (1p)
5. Notes
handwritten notes by Ken Khachigian re Cabinet
1/26/81
P5, P1
Meeting (4 pp.)
6. Notes
handwritten notes by Ken Khachigian re Cabinet
1/24/81
P5, P1
Meeting (7 pp.)
7. Notes
handwritten notes by Ken Khachigian re Cabinet
1/23/81
PS
Meeting (7 pp.)
8. Notes
handwritten notes by Ken Khachigian re Cabinet
1/22/81
P5
Meeting (12 pp)
RESTRICTION CODES
Presidential Records Act- [44 U.S.C. 2204(a)]
Freedom of Information Act- [5 U.S.C. 552(b)]
P-1 National security classified information [(a)(1) of the PRA].
F-1 National security classified information [(b)(1) of the FOIA].
P-2 Relating to appointment to Federal office [(a)(2) of the PRA].
F-2 Release could disclose internal personnel rules and practices of an agency [(b)(2) of the
P-3 Release would violate a Federal statute [(a)(3) of the PRA].
FOIA].
P-4 Release would disclose trade secrets or confidential commercial or financial information
F-3 Release would violate a Federal statue ((b)(3) of the FOIA].
[(a)(4) of the PRAJ.
F-4 Release would disclose trade secrets or confidential commercial or financial information
P-5 Release would disclose confidential advice between the President and his advisors, or
[(b)(4) of the FOIA].
between such advisors [(a)(5) of the PRA].
F-8 Release would constitute a clearly unwarranted invasion of personal privacy ((b)(6) of the
P-8 Release would constitute a clearly unwarranted invasion of personal privacy [(a)(6) of
FOIA].
the PRAJ.
F-7 Release would disclose information compiled for law enforcement purposes [(b)(7) of
the FOIA].
C. Closed in accordance with restrictions contained in donor's deed of gift.
F-8 Release would disclose information concerning the regulation of financial institutions
((b)(8) of the FOIA].
F-9 Release would disclose geological or geophysical information concerning wells [(b)(9) of
the FOIA].
WITHDRAWAL SHEET
Ronald Reagan Library
Collection: KHACHIGIAN, KEN: Files
Archivist: ggc dlb
[Notes] (February 1981) Boxl
redo
File Folder: Cabinet Meetings (1 of 3) Box
Date: 5/13/97
10/24/06
DOCUMENT
SUBJECT/TITLE
DATE
RESTRICTION
NO. AND TYPE
1. Notes
handwritten notes by Ken Khachigian fe Cabinet
4/24/81
P5
Meeting (8 pp.)
2. Notes
handwritten notes by Ken Khachigian re Cabinet
4/16/81
P5
Meeting (2 pp.)
3. Notes
handwritten notes by Ken Khachigian re Cabinet
4/2/81
P5, P1
Meetings (4 pp.)
4. Notes
handwritten notes by Ken Khachigian re Cabinet
3/19/81
P5
Meeting (5 pp.)
5. Notes
handwritten notes by Ken Khachigian re Cabinet
3/13/81
P5
Meeting (2 pp.)
6. Notes
handwritten notes by Ken Khachigian re Cabinet
3/5/81
P5
Meeting (4 pp.)
7.
Notes
handwritten notes by Ken Khachigian re Cabinet
2/26/81
P5
Meeting (4 pp.)
RESTRICTION CODES
Presidential Records Act [44 U.S.C. 2204(a)]
Freedom of Information Act [5 U.S.C. 552(b)]
P-1 National security classified information [(a)(1) of the PRA].
F-1 National security classified information [(b)(1) of the FOIA].
P-2 Relating to appointment to Federal office [(a)(2) of the PRA].
F-2 Release could disclose internal personnel rules and practices of an agency [(b)(2) of the
P-3 Release would violate a Federal statute [(a)(3) of the PRA].
FOIA].
P-4 Release would disclose trade secrets or confidential commercial or financial information
F-3 Release would violate a Federal statue [(b)(3) of the FOIA].
[(a)(4) of the PRA].
F-4 Release would disclose trade secrets or confidential commercial or financial information
P-5 Release would disclose confidential advice between the President and his advisors, or
[(b)(4) of the FOIA].
between such advisors [(a)(5) of the PRA].
F-6 Release would constitute a clearly unwarranted invasion of personal privacy [(b)(6) of the
P-6 Release would constitute a clearly unwarranted invasion of personal privacy [(a)(6) of
FOIA]
the PRAJ.
F-7 Release would disclose information compiled for law enforcement purposes [(b)(7) of
the FOIA].
C. Closed in accordance with restrictions contained in donor's deed of gift
F-8 Release would disclose information concerning the regulation of financial institutions
((b)(8) of the FOIA].
F-9 Release would disclose geological or geophysical information concerning wells ((b)(9) of
the FOIA].
RONALD W. REAGAN LIBRARY
THIS FORM MARKS THE FILE LOCATION OF ITEM NUMBER
/
LISTED ON THE
WITHDRAWAL SHEET AT THE FRONT OF THIS FOLDER.
THE WHITE HOUSE
WASHINGTON
February 4, 1981
MEMORANDUM FOR:
CABINET MEETING PARTICIPANTS
February 4, 1981 Meeting
FROM:
CRAIG DIRECTOR L. FULLER as
OFFICE OF CABINET ADMINISTRATION
SUBJECT:
Supplemental Views on Burden of Proof
for Statutory Validity of Regulations
The attached views pertain to Agenda Item #2 but were received
too late to be included in the binders.
Attachment
S/S 8103122
DEPARTMENT OF STATE
Washington, D.C. 20520
February 3, 1981
MEMORANDUM
TO:
Mr. Craig L. Fuller
Director
Office of Cabinet Administration
FROM:
S/S - L. Paul Bremer, III
SUBJECT: Burden of Proof for Statutory Validity of
Regulations
Secretary Schweiker has proposed that a new Executive
Order on regulations include provisions to shift to the
government the burden of proof that regulations are author-
ized by statute and justified by the facts.
The Department of State is not greatly affected by
this proposal as it establishes relatively few regulations
binding on the public, notably passport and munitions con-
trol regulations. We offer, therefore, only a few brief
observations:
(1) The Department supports efforts to make agencies
more responsive to the public and to discourage the
proliferation of regulations.
(2) We have doubts, however, about techniques that
rely on challenges to agency actions in the courts as
an instrument of reform. Our experience with the
Freedom of Information Act, the Privacy Act and the
National Environmental Policy Act demonstrates that
private rights of action can be an impediment to prompt
an effective implementation of important government
policies.
(3) We see merit in requiring an agency that proposes
to issue regulations to publish a legal opinion and
a factual justification for the regulation when it
publishes the regulation for public comment.
- 2 -
(4) We could not support a proposal that would
require the Department of State to adopt a procedure of
rule-making on a record instead of notice and comment
and informal rule-making. Foreign policy matters do not
lend themselves to elaborate administrative procedures.
(5) Finally, we suggest that any new procedural require-
ments not be so rigid as to preclude immediate action
when necessary. Flexibility could be assured by pro-
viding for the same exemptions as exist by law for notice
and comment rule-making. These include, in particular,
matters involving a military or foreign affairs function
and matters for which the agency for good cause finds
that this procedure is impracticable, unnecessary,
or contrary to the public interest.
Attachment:
as stated
ENERGY
THE SECRETARY OF ENERGY
WASHINGTON, D.C. 20585
STATES
February 3, 1981
MEMORANDUM FOR Craig L. Fuller
Director
Office of Cabinet Administration
FROM:
James B. Edwards JBC
SUBJECT:
CABINET MATTER MEMORANDUM: Burden of Proof
for Statutory Validity of Regulations
I recommend that this suggestion not be included in the
Executive Order on regulations but rather that it be further
studied for possible support of the Bumpers bill, The
Administrative Procedure Act Amendments of 1981, S. 67.
In the future, the Department of Energy (DOE) will likely be
promulgating regulations that revoke, postpone, or lessen
regulatory requirements. In so doing, we will be interpreting
the statutory mandates for various programs. It is also
likely that our interpretations of statutory mandates will
be challenged in courts by environmentalists, no-growth
advocates, and the like. If the burden of proof rests on
DOE, rather than these litigants, it is entirely possible
that our attempts to lessen regulatory constraints will be
voided by the courts.
Moreover, most of the worst regulations will have already
been adopted during the last Administration. Because the
Executive Order, as opposed to the Bumpers bill, will have
to be prospective in effect, it will not be able to affect
the burden of proof for these earlier regulations. Thus, it
is possible that we would, by adopting this suggestion,
actually make it more difficult to undo the regulatory
constraints imposed by the former Administration.
Finally, I believe each Cabinet officer is committed to the
goal of lessening regulatory constraints and will do whatever
is necessary to assure that this goal is achieved. It would
be ironic if, by giving the courts greater flexibility to
overturn new regulations, the effect would be to stymie
attempts to reverse the directions of the previous Administration.
I would add that my recommendation, in this regard, is based
on discussions with my most trusted associates.
Cabinet Meeting
2-13-81
H:45 p.m.
74 vachage:
Individ fax cats across
the Bd. on maijual rets
befining on July / - July to
July each year is 102.
Fivel act in calanda 1984
Capital recovery , Man
10-5-3 -
( excludes
utilitis) util, kip)
accetented - willoding
RED. D.
Capital gain etc.
M: Make me can't end-nen
us.
he johed
P: "On we'll books - tip this
swivel chairs
Stortine = In order to achieve
goals by 182- - wee we still
make total of "51 belief
need to find 9 fill - to
we hope
'FY 182 definit below $40 bill
pizy
D.S.: Have to have together on these
cuts fach Heg the pressures
Fy'82 190 bill in retlays
despite savings
jy182 958 will Social Security
$ 10 billi- the thip
583 11
national self
only $ 300 illi left
w/ what to oftain $5/60
in sangs -need a
17% ant to achieve
reduction from The cater froget
If we lose ground on some
cuts, then have to reach into
me critical programs
that no government has before which
"We're going to make history 12
request tsell in size."
P.3
FY
181 661 this year
FY
82 739 1 Carta budget
submitted - 80 up
ant about & Jo billing
Still an increased of
31 - will clothes
over '81 budget
he Ind for claims such a sord tool: proud you." of "
Hanling Dane Strchus for all the "I worl
"We want leave you out there
RR.
alone, Dave We'll come the
said
hanging!
Feb. 255 - announcent
medal of Honor - Vietnam
war.
Cabinet Meeting 2-26-81
Regar
Chysler Quarantee loan -
Got loans at just under 162-
Signif will be tomorrow.
guarantee. Leaves $ 300 millin left on the
next Q 300 millin is dur Decision
This one is past administration
Block Fair 1981 Bill
Marhet creatation & le
Butz - ag. takes smalles
Rostin of budget than before.
Program to move us toward market
rientation
Dairy maran Big grending cut -
must be acted on soon Do as not
to miss april / deadline.
Wreats the elimination I deficiency
payments - these are right
out of the treasury 2/no return.
Loans are usually repaid.
Stochman : Must cut Fed. outlap
even more.
Should't raise support
levels of all these commodities
2:11
2
Joan rates won't be written into
the Magam - wants Sey of Africulture
to have disaretion to set loan rates.
Cons. hearings begin next week
generally on the new Farm Bill
1.) Delay hearis
2.) study it - get comments
3. 3.) put on next agenda
4.) Put Macco on agench.
All :, Economic covery
the mistale of tring to
Thetchey said she made
get her program hell by
R set her while package at
nice should have thet
one time.
higher
Every time the budget comes up
in each dept - then we're
going to set cuts wh/ are
shoretfull verisely commensame w/ the
Don Regan Hill will delay where they can
to see if they can hold off
RR's
we must Keep the initiative
They will try to nichle I dime us to death
ri
RR: Top O'Neill said it might
take until august Bushay
Speaher beld' the will be GSP Comfi
told I il you do you want he
P:
He bit the and off his
cigar."
We have to keep fushing; all
of it.
some well under state from committes
to the chaine I world
I'll back you if you sdy
sit there t take thet."
"You all knowstory of rethouse 2 young
Within who tipped who
gully - Rather ash who
did it Doll then about G
Wadiston who shoul't whip.
Then they tree him t he
whileed both They said
that you'tred us that like
6.W., if we told you your
would whip us.
Father Faid: : Ow. writgt
father tree when wasn't he cut in the it! cheng
p.y This fruit Family
P : No They paid <
taxonit when they
said the money in."
THE WHITE HOUSE
WASHINGTON
CABINET MEETING AGENDA
February 26, 1981 - 3:00 PM
1.
Chrysler guaranteed note issue
Donald Regan
2. 1981 Farm Bill
John Block
3. Program for Economic Recovery
Donald Regan
David Stockman
4. Cabinet Councils
Ed Meese
CABINET MEETING PARTICIPANTS
February 26, 1981 -- 3:00 PM
The Cabinet -- All members
James A. Baker III
Michael K. Deaver
Richard V. Allen
Martin Anderson
James Brady
Max Friedersdorf
David Gergen
Murray Weidenbaum
Richard Darman
Craig Fuller
Daniel Murphy
Ken Khachigian
Karen Hart
For Presentations:
Ed Harper
Glenn Schleede
Roger Mehle
(Assistant Secretary for Domestic Finance,
Treasury)
February 27, 1981
SUBJECT: The 1981 Farm Bill
ORIGINATION: John Block, Secretary of Agriculture
ACTION FORCING EVENT: The Food and Agricultural Act of 1977, which authorizes
all of the major commodity programs, rural development and agricultural research
programs, the P.L. 480 program and the food stamp program, expires September 30,
1981.
STATEMENT OF ISSUE: The 1981 Farm Bill will authorize, for an additional four
years, a variety of commodity and food programs which fall under the jurisdiction
of the Department of Agriculture. It is my goal to make market orientation and
growth the cornerstone of the 1981 Farm Bill. This bill should help create an
environment within which agriculture can once again be made profitable, with
minimum government involvement.
The four sections of the bill which will attract the greatest attention will be:
the dairy program, commodity price supports, the food stamp program, and the
authorization levels for the P.L. 480 program.
ANALYSIS:
(1) Dairy Program - A variety of options are being considered which will adjust
the current dairy program in order to bring the supply and demand for dairy
products back into balance.
(2) Commodity Price Supports - The bill will elimimate deficiency payments (i.e.
direct payments to farmers which represent nonrecoverable outlays) for the
following commodities: wheat, feed grains, rice and cotton. In their place,
the bill will include moderate increases in the price support levels for these
commodities (which represent recoverable outlays).
(3) Food Stamps - The bill will incorporate the $1.8 billion in savings for FY 1982
proposed in the President's Economic Recovery Program. These program changes
will lead to savings of $11.7 billion over next five years (FY 1982-86).
(4) P.L. 480 Program - The current authorization for the program expires
December 31, 1981. This program provides humanitarian food aid as well
as long-term financing for developing countries to by U.S. agricultural
commodities.
PUBLIC POLICY CONSIDERATION: The most sensitive area in the bill will be the
dairy program. The interests of the various dairy organizations must be balanced
with those of the consumers tn order to achieve a program which will operate
effectively within our current hudget constraints.
CABINET MEETING PARTICIPANTS
February 26, 1981 -- 3:00 PM
The Cabinet -- All members
James A. Baker III
Michael K. Deaver
Richard V. Allen
Martin Anderson
James Brady
Max Friedersdorf
David Gergen
Murray Weidenbaum
Richard Darman
Craig Fuller
Daniel Murphy
Ken Khachigian
Karen Hart
For Presentations:
Ed Harper
Glenn Schleede
Roger Mehle
(Assistant Secretary for Domestic Finance,
Treasury)
THE WHITE HOUSE
WASHINGTON
MEMORANDUM FOR THE CABINET
FROM:
ED MEESE
EM
SUBJECT:
Cabinet Councils
The membership of each Cabinet Council has been finalized after
the views were received from those of you who wished to comment.
A listing of each Council and its members is attached.
The Cabinet Councils are designed to operate as subgroups of
the full Cabinet, with the President presiding. Full Cabinet
meetings will continue to focus on broad issues affecting
the entire government and on overall budgetary and fiscal
matters.
Cabinet Council procedures have been developed and endorsed
by the President. The procedures are intended to create an
orderly process for reviewing issues requiring a decision by
the President.
The Cabinet Council procedures are outlined below. A more
detailed set of procedures will be distributed in the next
few days by the Office of Cabinet Administration.
Outline of Procedures
1.
Each Cabinet Council will be chaired by the President.
2.
Each Cabinet Council has a designated chairman pro tempore
who will guide the direction of the Council and
will serve as the chairman of working sessions in
which the President is not in attendance.
3.
An executive secretary will be appointed for each
Cabinet Council from the Office of Policy Development.
This individual, working with the Office of Cabinet
Administration, will coordinate the activities of
each Cabinet Council including the preparation and
distribution of agendas and meeting summaries. This
activity will be supplemented by a secretariat for
each Cabinet Council, composed of the executive
secretary, representatives of the member departments,
and other personnel as needed, to prepare background
materials, refine policy options and recommendations,
and otherwise assist the Cabinet Council.
2
4.
Issues will be sent to Cabinet Councils by the
Office of Cabinet Administration. Notification
of such assignments will be communicated immediately
to all Cabinet members to assure full opportunity to
participate in consideration of each issue.
5.
Presidential decisions, made in or after Cabinet
Council meetings, will follow full discussion by
any Cabinet member who wishes to participate.
Council meetings are open to any member of the
Cabinet. Decisions will be reported to the full
Cabinet as they occur. When full Cabinet review
is required, the matter will be set for a meeting
of the full Cabinet.
2/26/81
CABINET COUNCIL ON COMMERCE AND TRADE
Secretary of Commerce, Chairman Pro Tempore
Secretary of State
Secretary of the Treasury
Attorney General
Secretary of Agriculture
Secretary of Labor
Secretary of Transportation
U.S. Trade Representative
Chairman, Council of Economic Advisers
*
The Vice President
*
Counsellor to the President
*
Chief of Staff
* Ex officio member
2/20/01
CABINET COUNCIL ON HUMAN RESOURCES
Secretary of Health and Human Services, Chairman Pro Tempore
Attorney General
Secretary of Agriculture
Secretary of Labor
Secretary of Housing and Urban Development
Secretary of Education
* The Vice President
* Counsellor to the President
* Chief of Staff
*
Ex officio member
2/26/81
CABINET COUNCIL ON ECONOMIC AFFAIRS
Secretary of the Treasury, Chairman Pro Tempore
Secretary of State
Secretary of Commerce
Secretary of Labor
Secretary of Transportation
Director, Office of Management and Budget
U.S. Trade Representative
Chairman, Council of Economic Advisers
* The Vice President
* Counsellor to the President
* Chief of Staff
* Ex officio member
2/20/01
CABINET COUNCIL ON NATURAL RESOURCES AND ENVIRONMENT
Secretary of the Interior, Chairman Pro Tempore
Attorney General
Secreatry of Agriculture
Secretary of Transportation
Secretary of Housing and Urban Development
Secretary of Energy
* The Vice President
* Counsellor to the President
* Chief of Staff
* Ex officio member
TR/97/7
CABINET COUNCIL ON FOOD AND AGRICULTURE
Secretary of Agriculture, Chairman Pro Tempore
Secretary of State
Secretary of the Interior
Secretary of Commerce
Secretary of Transportation
U.S. Trade Representative
*
The Vice President
*
Counsellor to the President
*
Chief of Staff
* Ex officio member
ISSUE:
Proposed $400 million Chrysler government
guaranteed note issue
ORIGINATOR: Donald T. Regan
1°81
CABINET MATTER:
I
SUBJECT Proposed $400 million Chrysler government guaranteed note issue
II ORIGINATOR Donald T. Regan
III ACTION FORCING EVENT None (Information only)
IV STATEMENT OF THE ISSUE
On February 27, a meeting of the Chrysler Loan Guarantee Board is scheduled
so that the closing of the proposed $400 million Chrysler government guaran
teed note issue can take place.
V
ANALYSIS: Outline history, current status, possible actions and
impacts--financial, constituent or other public policy
considerations.
On January 19, 1981, the Chrysler Loan Guarantee Board (then
comprising former Treasury Secretary Miller (as Chairman),
Federal Reserve Board Chairman Volcker and Comptroller General
Staats as voting members, and former Labor Secretary Marshall
and former Transportation Secretary Goldschmidt as non-voting
members) found that Chrysler Corporation was eligible for an
additional $400 million in note guarantees, subject to the
fulfillment of certain conditions before the guaranteed notes
might be offered to the public and issued. ($800 million are
already outstanding, having been authorized and issued in 1980.)
Since January 19, Chrysler has been seeking the fulfillment of
the conditions and, a few problems having been resolved, it is
now expected that they will all be fulfilled.
A Chrysler Loan Guarantee Board meeting has been scheduled
for February 27, at which time the Board, upon a determination
that the conditions have been met, will consider affirmation
of the eligibility finding made at the January 19 meeting.
(The Board members are the same as on January 19 except that
Secretaries Regan, Lewis and Donovan occupy the positions of
their predecessors.) Assuming such affirmation, the note
issue will be closed with underwriters and Chrysler will
receive net proceeds of approximately $400 million from the
note issue.
Chrysler is in serious need of these funds. Although its near
term prospects are showing improvement, should the subject
transaction not be consummated for whatever reason, the
company would probably fail. Chrysler's long-term well-
being will depend upon a capital infusion through a merger
or other business combination, which the Administration
should encourage.
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VI RECOMMENDATION: Indicate single recommendation or list options.
None required.
VII DECISION
approve
approve as amended
reject
X no action
If options are contained in the recommendation, indicate option (s)
referred to above by placing the appropriate number(s) in the spaces
above.