Page:United States Statutes at Large Volume 98 Part 1.djvu/210

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PUBLIC LAW 98-000—MMMM. DD, 1984

98 STAT. 162 15 USC 636. Effective date. 15 USC 632 note.

PUBLIC LAW 98-270—APR. 18, 1984 with respect to which a certification has been made after such date under section 7(b)(2)(D) of such Act. SEC. 313. This title shall take effect October 1, 1983. TITLE IV—ADDITIONAL PROPOSAL FOR DEFICIT REDUCTION FINDINGS

SEC. 401. The Congress finds and declares that— (1) current projections indicate that the Federal Government's budget deficits will continue at unacceptably high levels for the foreseeable future; (2) these high deficits can place upward pressure on interest rates, reduce investment, raise the trade deficit, decrease employment, and threaten the vitality of economic recovery; and (3) reduction of these unacceptably high deficits requires a comprehensive plan to slow the growth of Federal spending, including military and entitlement spending, and to increase revenues. DOMESTIC ECONOMIC SUMMIT CONFERENCE TO REDUCE THE BUDGET DEFICIT

Report.

SEC. 402. (a) The President shall convene a domestic economic summit conference to address the dangerous economic situation created by these projected large deficits. Qoi) The summit conference shall consist of the President, the Speaker of the House of Representatives, the President pro tempore of the Senate, the majority leaders and minority leaders of the House of Representatives and Senate, and other appropriate participants from the Congress and the executive branch responsible for the development of economic policy. (c) No later than forty-five days after the date of the enactment of this Act, this summit conference shall develop and report to Congress a comprehensive plan to reduce the projected deficits in the Budget of the United States. Approved April 18, 1984.

LEGISLATIVE HISTORY—H.R. 4169 (S. 2062):

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HOUSE REPORT No. 98-425 (Comm. on the Budget). SENATE REPORT No. 98-300 accompanying S. 2062 (Comm. on the Budget). CONGRESSIONAL RECORD: Vol. 129 (1983): Oct. 25, considered and passed House. Vol. 130 (1984): Apr. 5, considered and passed Senate. WEEKLY COMPILATION OF PRESIDENTIAL DOCUMENTS, Vol. 20, No. 16 (1984): Apr. 18, Presidential statement. W),IA) 15'kS flon-jsa 'PB.mau i S i t J i