International Economic Policy Act
Latest action. Referred to Senate Committee on Banking, Housing and Urban Affairs.
International Economic Policy Act - Establishes a Foreign Economic Policy Board, to be composed of five members, which shall be independent of the executive departments and agencies and shall be responsible to the Congress. Enumerates the duties of the Board as: (1) to assist and advise the Congress in matters dealing with international economic issues; (2) to gather, analyze, interpret and report to the President and the Congress information concerning economic developments and international economic trends; (3) to establish priorities on the use of United States foreign exchange earnings and to assess the balance of payments impact of present and future United States natural resource requirements; (4) to appraise the various programs and activities of the Federal Government with respect to balancing the international payment accounts; (5) to develop and recommend to the Congress international economic policies to foster and promote United States international trade and investment, to maintain the strength of the dollar through positive actions which will increase the United States foreign exchange earnings, and to balance the international payment accounts; and (6) to furnish such studies, reports, and recommendations with respect to matters of Federal international economic policy and legislation as the President or the Congress may request. Provides that no Government department or agency may deny the Board access to United States international economic information when officially requested by the Chairman of the Board. Authorizes the appropriation of such sums as may be necessary to enable the Board to exercise its powers and functions under this Act.
Written by analysts at the Congressional Research Service and published on Congress.gov, not by Civibrief. Summarized at the "Introduced in Senate" stage on March 21, 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 March 28, 1974: Referred to Senate Committee on Banking, Housing and Urban Affairs.
- Clearing the committees it was referred to, and being scheduled for a floor vote
- Passage by the Senate
- Passage by the House
- 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?
WILLIAM BROCK (R-TN) introduced it on March 21, 1974, and 2 members have since signed on as cosponsors.
They are 2 Republicans.
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 March 21, 1974, 19166 days ago. The most recent recorded action was 19159 days ago, on March 28, 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
- SenateIn committee, no floor vote yet
- HouseAwaits Senate passage
- PresidentAwaits both chambers