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1535204
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1976/07/15 - Economic Policy Board
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1535204
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document
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1976/07/15 - Economic Policy Board
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James M. Cannon Files (Ford Administration)
James Cannon's Meetings Files
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1535204
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1976-07-31
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7
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1976
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1976-07-01
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7
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1976
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The original documents are located in Box 60, folder "1976/07/15 - Economic Policy Board"
of the James M. Cannon Files at the Gerald R. Ford Presidential Library.
Copyright Notice
The copyright law of the United States (Title 17, United States Code) governs the making of
photocopies or other reproductions of copyrighted material. Gerald Ford donated to the United
States of America his copyrights in all of his unpublished writings in National Archives collections.
Works prepared by U.S. Government employees as part of their official duties are in the public
domain. The copyrights to materials written by other individuals or organizations are presumed to
remain with them. If you think any of the information displayed in the PDF is subject to a valid
copyright claim, please contact the Gerald R. Ford Presidential Library.
Digitized from Box 60 of the James M. Cannon Files at the Gerald R. Ford Presidential Library
ECONOMIC POLICY BOARD
EXECUTIVE COMMITTEE MEETING
STRICTLY PRINCIPALS ONLY
AGENDA
8:30 a.m.
JULY 15, 1976
ROOSEVELT ROOM
1.
CWPS Analysis of Recent Wage Settlements
CWPS
2.
Expropriation Policy
Treasury
3.
Report on Status of Esch-Kemp Bill
Gorog
EYES ONLY
MINUTES OF THE
EPB/ERC EXECUTIVE COMMITTEE MEETING
July 14, 1976
Attendees: Messrs. Seidman, Richardson, Zarb, Lynn, Greenspan,
Dixon, Kleppe, Seamans, Train, Dunham, Parsky, Darman,
Gorog, Porter, Schleede, Binder, Pasternack, Reisner,
Perritt, Hormats, Arena, Hart, Hodsell, Jellinek, Reed,
Yost, Rooney
1.
Report on Iranian Investment in Occidental
The Executive Committee reviewed the status of the proposed
investment by Iran in Occidental Petroleum and the action of the
Committee on Foreign Investment in the United States on it.
The discussion focused on the m agnitude of the proposed Iranian
investment, the results of meetings with Iranian and Occidental
Petroleum officials, the participation of Occidental Petroleum on
the Advisory Board of the IEA, and the issue of whether a major
investment by an OPEC country in a U.S. energy industry should
be considered differently than other types of investment by foreign
countries in the United States.
Decision
The Executive Committee approved submitting a memorandum to
the President outlining the elements of the proposed investment
by Iran in Occidental Petroleum and the issues raised by a major
OPEC country investment in a U.S. energy industry.
2.
Clean Air Act Amendments
The Executive Committee reviewed a paper on the status of the
Clean Air Act amendments. The discussion focused on the legis-
lative prospects for the bill in both the House and the Senate and
the need for clarifying the Administration's position quickly.
Decision
Mr. Gorog will coordinate with FEA, OMB and EPA a resolution
of the three outstanding issues. The Executive Committee
EYES ONLY
EYES ONLY
2
approved submitting a memo to the President outlining the pro-
posed position on various amendments and seeking his approval
of pressing for a modified bill based on the 15 proposed amend-
ments.
3.
Natural Gas Curtailments
The Executive Committee reviewed a paper prepared by the Federal
Power Commission on the "Natural Gas Shortage Forecast for the
Winter of 1976-77."
Decision
The Executive Committee requested the FPC, in consultation with
FEA and Commerce, to develop a paper by early August further refin-
ing the parameters of potential natural gas shortages in the winter
of 1976-77 and alternative contingency plans and possible additional
legislation.
4.
Bailey Power Plant Decision
The Executive Committee reviewed correspondence between the
Secretary of the Interior and the Chairman of the Nuclear Regu-
latory Commission regarding the Bailey Power Plant decision.
The discussion focused on the Presidential aspects of the request
by the Department of the Interior.
5.
Other
EPCA implementation and Presidential energy briefing agenda
items will be considered at a meeting of the ERC Executive
Committee this afternoon at five o'clock.
EYES ONLY
RBP