National Commission on the Economy Act
Latest action. Referred to House Committee on Banking and Currency.
National Commission on the Economy Act - Establishes the National Commission on the Economy to conduct a comprehensive study to determine: (1) the causes of (a) price instability; (b) erosion of consumer purchasing power; (c) the high rate of unemployment and serious problems of underemployment; (d) severe inflationary pressures; (e) shortages in certain essential commodities, raw materials, and finished products; (f) problems relating to productivity; and (g) such other economic problems as the Commission determines to have a significant impact on consumers; (2) the effectiveness of existing organizational and institutional arrangements in the Federal Government for establishing sound economic policies; (3) the impact on the economy of the major regulatory agencies of the Federal Government; (4) the adequacy of the data collection practices of the Federal Government as they relate to the formulation of economic policy; and (5) the impact on the economy of the fiscal and monetary policies of the Federal Government. Provides that, in determining the causes of the current economic problems listed above, the Commission shall consider the impact of industrial concentration, international economic conditions, the activities of major multinational business firms, and the policies and programs of the Federal Government relating to such matters. Requires the Commission to submit to the President and to the Congress a progress report (to be submitted one year after the date of the enactment of the first Act appropriating funds for the Commission) and a final report (to be submitted not later than two years after the date of the enactment of the first Act appropriating funds for the Commission) containing: (1) a detailed statement of the findings and conclusions of the Commission; and (2) the recommendations of the Commission formulated pursuant to this Act. States that the Commission shall be composed of specified numbers of individuals representing the private sector and the legislative and executive branches of the Federal Government.
Written by analysts at the Congressional Research Service and published on Congress.gov, not by Civibrief. Summarized at the "Introduced in House" stage on July 22, 1974. It describes the bill, it is not the legal text.
Where is it in the process, and what happens next?
4 steps remain before this bill could become law.
The record's latest action, on July 22, 1974: Referred to House Committee on Banking and Currency.
- Clearing the committees it was referred to, and being scheduled for a floor vote
- Passage by the House
- Passage by the Senate
- The President's signature. If the President vetoes it, two-thirds of both chambers must vote to override.
How likely is it to become law?
Civibrief does not forecast outcomes and this page has no opinion about this one. What the record supports is a base rate, which is a fact about the whole pile, not a prediction about this measure.
In the 93rd Congress (1973-74), 651 of the 23,396 bills and joint resolutions introduced became law, about 2.8 percent. That count covers every measure at every stage, including the many that never left committee.
This one is not there yet: 4 steps are still outstanding, listed above.
Has anyone actually voted on it?
No. No roll call in this Congress cites this measure. That is the ordinary outcome: most measures never reach a recorded floor vote, and a committee ends most of them simply by not acting.
A vote is not the only thing that happens to a measure. Hearings, markups, and referrals are all recorded actions, and none of them is a vote of the full chamber.
Who is behind it?
EDWARD PATTEN (D-NJ) introduced it on July 22, 1974. No cosponsors are recorded.
Cosponsoring is a formal signature on the text. It is not a commitment to vote for the measure, it does not bind anyone's party, and a long list of cosponsors is a measure of attention rather than of prospects.
How long has it been in play?
It was introduced on July 22, 1974, 19043 days ago. The most recent recorded action was 19043 days ago, on July 22, 1974.
Measures do not carry over. Anything the 93rd Congress has not finished by January 3, 1975 dies when the term ends, and has to be introduced again from the start in the next Congress.
Every answer above is assembled from this measure's own record on Congress.gov and from published counts of what Congress has passed before. Civibrief does not predict outcomes and takes no position on any measure.
Vote history
- HouseIn committee, no floor vote yet
- SenateAwaits House passage
- PresidentAwaits both chambers