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Title 15, Commerce and TradeRelease 119-110

§3131 Congressional Statement of Purpose

Title 15 › CHAPTER 58 — FULL EMPLOYMENT AND BALANCED GROWTH › SUBCHAPTER II — POLICIES AND PROCEDURES FOR CONGRESSIONAL REVIEW › § 3131

Last updated Sep 22, 2026|Official source

Summary

Sets rules for how Congress will review and act on the Economic Report of the President, the Board of Governors of the Federal Reserve’s report, and related policies under this chapter and the Employment Act of 1946. Congress must start or prepare any laws it thinks are needed to carry out the proposals and goals here and under the Employment Act of 1946, after changing those proposals as it sees fit. Congress or its committees may consider or begin such legislation at any time.

Full Legal Text

Title 15, §3131

Commerce and Trade, Source: USLM XML via OLRC

(a)Establishment of procedures for review and action
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)Legislative action
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

Sep 22, 2026

Release point: 119-110