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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