statement of purpose

statement of purpose Sec. 301. (a) The purposes of this title are to establish procedures for congressional review and action with respect to the Economic Report of the President (hereinafter in this title referred to as the “Economic Report”), the report of the Board of Governors of the Federal Reserve System, and the order policies and provisions of this Act and the Employment Act of 1946. (b) The Congress shall initiate or develop such legislation as it deems necessary to implement proposals and objectives pursuant to this Act and the Employment Act of 1946 after such modification in such proposals as it deems desirable. Nothing in this title 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 act. [15 U.S.C. 3131]