Sec. 14. reports to congress

326 words·~1 min read·/statute-compilations/comps-1339/sec-14

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## Sec. 14 reports to congress ###

(a)The Board shall submit to the Congress semiannually a full report of its activities under this Act during fiscal years 1980 and 1981, and annually thereafter so long as any loan guaranteed under this Act is outstanding. The final report for 1981 shall include an evaluation of the long-term economic implications of the Chrysler loan guarantee program, with findings, conclusions, and recommendations for legislative and administrative actions considered appropriate to future Federal loan guarantee programs. The study shall also consider for inclusion in any guidelines covering future assistance to corporations the following factors: ####

(1)the prospective economic environment at the time the assistance would have its intended effect, and the impact that either the granting or denial of assistance will have on the environment, ####

(2)the importance, in terms of size and in terms of goods and services rendered, or the corporation or business entity to the national economy, ####

(3)the appropriateness of aggregate limits for such Federal assistance per fiscal year, ####

(4)the order of preference for specific types of assistance, and ####

(5)the degree to which assisted corporations or business entities should be required to adhere to other governmental policies as a condition for the assistance. ###

(b)Not less than fifteen days before the issuance of any loan guarantee under this Act, the Board shall transmit to the appropriate committees of the Congress a written report containing— ####

(1)the details of such loan guarantee; ####

(2)the specific assurances received by the Board under the provisions of sections 4 and 5; and ####

(3)the specific determination made by the Board under the provisions of sections 4 and 5. ###

(c)The Board shall have the power to require the Secretary of Transportation to complete, within six months of such request, an assessment of the economic impact on the automobile industry of Federal regulatory requirements and the necessity thereof.