63 STAT.]
81sT CONG. ,
IST SESS. May 24, 1949
June 8, 1949
1217
PROBLEMS OF THE ECONOMY
May 24,1949
[S. Con. Res. 26]
Resolved by the Senate (the House of Representatives concurring),
That the Joint Committee on the Economic Report, or any duly theEcomitteepot.
authorized subcommittee thereof, is authorized and directed to conduct Study and nvesti-
a full and complete study and investigation into the following prob- gation.
lems of the economy:
(1) The problem of investment, including, but not limited to,
(A) the role of investment institutions in the investment markets, in
industry, and in the economy generally; (B) changes in sources of
investment funds and the reason therefor; (C) availability and
character of investment funds for national, local, and independent
enterprise and the effect of such investment or lack of investment
upon different classes or size groups in industry; (D) and needs, by
industry, for various types of capital.
(2) The problem of the effectiveness and coordination of monetary,
credit, and fiscal policies in dealing with general economic policy.
(3) The problem of low-income families in relation to economic
instability.
(4) The problem of unemployment trends and their significance
in current economic analysis.
SEC. 2. The joint committee shall report to the Senate and the Repot
House of Representatives not later than December 31, 1949, the results
of its study and investigation, together with such recommendations as
it may deem advisable.
SEC. 3 . For the purposes of this resolution, the joint committee, or Employment and
any duly authorized subcommittee thereof, is authorized (1) to ap- som
o
er-
anyduly authorized to ap-sonne.
point and fix the compensation of such experts, consultants, and
clerical and stenographic assistants as it deems necessary and ad-
visable, but the compensation so fixed shall not exceed the compensa-
tion prescribed under the Classification Act of 1923, as amended, for 5 ^taf.
-74.
comparable duties; and (2) to hold such hearings; to sit and act at supp. i, itt=d.
such times and places during the sessions, recesses, and adjourned Ane, p. 72
periods of the Eighty-first Congress prior to January 1, 1950; to re-
quire by subpena or otherwise the attendance of such witnesses and
the production of such books, papers, and documents- to administer
oaths; to take such testimony, to have such printing and binding done;
and to make such expenditures as it deems advisable. The cost of
stenographic services m reporting hearings shall not be in excess of 25
cents per one hundred words. Subpenas shall be issued under the
signature of the chairman or vice chairman of the joint committee
and shall be served by any person designated by them.
SEC. 4. The expenses of the joint committee under this resolution,
Payoment
o
f emm
which shall not exceed $30,000, shall be paid one-half from the con-
ofmm
tingent fund of the Senate and one-half from the contingent fund of
the House of Representatives upon vouchers signed by the chairman.
Disbursements to pay such expenses shall be made by the Secretary of
the Senate out of the contingent fund of the Senate, such contingent
fund to be reimbursed from the contingent fund of the House of
Representatives in the amount of one-half of disbursements so made.
Passed May 24, 1949.
FEDERAL BUILDING PROJECTS, ETC.
Resolved by the Senate (the House of Representatives concurring),
That the Secretary of the Senate be, and he is hereby, authorized
and directed, in the enrollment of the bill (S. 714) entitled "An Act
to provide for comprehensive planning, for site acquisition in and
June 8, 1949
18. Con. Bes. 46]
Change in emrol
ment of bill (8. 714).
Ante, p. 17&
81939°-50- -T .
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