15 U.S.C. § 4801: Findings and purpose

Summary

Creates a new Competitiveness Policy Council to study why U.S. industries are losing ground and to recommend long-term plans to fix that. Congress found that the problem comes from weaker institutions and policies and not enough good economic and scientific data to spot industry strengths, new markets, future trends, and foreign competitors’ moves. It also found there is no clear, consistent government approach across areas like trade, finance, research, education and retraining, macroeconomic policy, antitrust, and government buying. Working together—business, labor, government, schools, and public groups—helps the economy, and losing competitiveness can hurt national defense. The world economy is becoming more connected, so combined solutions help. The council must study competitiveness information, bring experienced leaders from business, labor, government, academia, and public groups together to identify problems and make long-term strategies, give recommendations on key issues, and publish regular reports.

Title 15, §4801

Commerce and Trade, Source: USLM XML via OLRC

(a)Findings

The Congress finds that—

(1)efforts to reverse the decline of United States industry has been hindered by—

(A)a serious erosion in the institutions and policies which foster United States competitiveness including a lack of high quality domestic and international economic and scientific data needed to—

(i)reveal sectoral strengths and weaknesses;

(ii)identify potential new markets and future technological and economic trends; and

(iii)provide necessary information regarding the competitive strategies of foreign competitors;

(B)the lack of a coherent and consistent government competitiveness policy, including policies with respect to—

(i)international trade, finance, and investment,

(ii)research, science, and technology,

(iii)education, labor retraining, and adjustment,

(iv)macroeconomic and budgetary issues,

(v)antitrust and regulation, and

(vi)government procurement;

(2)the United States economy benefits when business, labor, government, academia, and public interest groups work together cooperatively;

(3)the decline of United States economic competitiveness endangers the ability of the United States to maintain the defense industrial base which is necessary to the national security of the United States;

(4)the world is moving rapidly toward the creation of an integrated and interdependent economy, a world economy in which the policies of one nation have a major impact on other nations;

(5)integrated solutions to such issues as trade and investment research, science, and technology, education, and labor retraining and adjustments help the United States compete more effectively in the world economy; and

(6)government, business, labor, academia, and public interest groups shall cooperate to develop and coordinate long-range strategies to help assure the international competitiveness of the United States economy.

(b)Purpose

It is the purpose of this chapter—

(1)to develop recommendations for long-range strategies for promoting the international competitiveness of the United States industries; and

(2)to establish the Competitiveness Policy Council which shall—

(A)analyze information regarding the competitiveness of United States industries and business and trade policy;

(B)create an institutional forum where national leaders with experience and background in business, labor, government, academia, and public interest activities shall—

(i)identify economic problems inhibiting the competitiveness of United States agriculture, business, and industry;

(ii)develop long-term strategies to address such problem; and

(C)make recommendations on issues crucial to the development of coordinated competitiveness strategies;

(D)publish analysis in the form of periodic reports and recommendations concerning the United States business and trade policy.

Notes & Related Subsidiaries

Statutory Notes and Related Subsidiaries

Short Title

Pub. L. 100–418, title V, § 5201, Aug. 23, 1988, 102 Stat. 1454, provided that: “This subtitle [subtitle C (§§ 5201–5210) of title V of Pub. L. 100–418, enacting this chapter] may be cited as the ‘Competitiveness Policy Council Act’.”

§4801 Findings and Purpose

Summary

Title 15, §4801

Notes & Related Subsidiaries

Statutory Notes and Related Subsidiaries

Short Title

Citations & Metadata