Title 15 — Commerce and TradeRelease 119-73
§3131 Congressional statement of purpose
Title 15 › Chapter CHAPTER 58— - FULL EMPLOYMENT AND BALANCED GROWTH › Subchapter SUBCHAPTER II— - POLICIES AND PROCEDURES FOR CONGRESSIONAL REVIEW › § 3131
Summary
Creates rules for Congress to review and act on the President’s Economic Report, the Federal Reserve Board’s report, and the policies in this chapter and the Employment Act of 1946 (15 U.S.C. 1021 et seq.). Allows Congress to write or change laws it thinks are needed to carry out those proposals and goals. Congress or its committees can consider or start such legislation at any time.
Full Legal Text
Title 15, §3131
Commerce and Trade — Source: USLM XML via OLRC
(a)The purposes of this subchapter are to establish procedures for congressional review and action with respect to the Economic Report of the President (hereafter in this subchapter referred to as the “Economic Report”), the report of the Board of Governors of the Federal Reserve System, and the other policies and provisions of this chapter and the Employment Act of 1946 [15 U.S.C. 1021 et seq.].
(b)The Congress shall initiate or develop such legislation as it deems necessary to implement proposals and objectives pursuant to this chapter and the Employment Act of 1946 [15 U.S.C. 1021 et seq.] after such modification in such proposals as it deems desirable. Nothing in this subchapter shall be construed to prevent the Congress or any of its committees from considering or initiating at any time legislative action in furtherance of the goals and purposes of this chapter.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
References in Text
This subchapter, referred to in text, was in the original “this title”, meaning title III of Pub. L. 95–523, Oct. 27, 1978, 92 Stat. 1904, which enacted this subchapter and amended section 632 and 636 of Title 2, The Congress. For complete classification of this Act to the Code, see
Short Title
note set out under section 3101 of this title and Tables. For definition of “this chapter”, referred to in text, see
References in Text
note set out under section 3102 of this title. The Employment Act of 1946, referred to in subsecs. (a) and (b), is act Feb. 20, 1946, ch. 33, 60 Stat. 23, which is classified generally to chapter 21 (§ 1021 et seq.) of this title. For complete classification of this Act to the Code, see
Short Title
note set out under section 1021 of this title and Tables.
Reference
Citations & Metadata
Citation
15 U.S.C. § 3131
Title 15 — Commerce and Trade
Last Updated
Apr 6, 2026
Release point: 119-73