President's Economic Policy Advisory Board

Impact dates

1. Dec 31, 1982

   Board termination unless extended

Key directives

• Establish President's Economic Policy Advisory Board
• President designates Chairman from Board members
• Assistant to President for Policy Development serves as Secretary
• Board advises President on domestic and international economic policy
• Board works with Cabinet Council on Economic Affairs
• Board conducts continuing review and assessment of economic policy
• Executive agency heads provide information as required
• Members serve without compensation; travel expenses authorized
• Expenses paid from Domestic Policy Staff funds
• Administrator of General Services provides administrative services on reimbursable basis
• Board terminates December 31, 1982 unless extended

Who is ordered

• Assistant to the President for Policy Development · Executive Office of the President
• Administrator of General Services · General Services Administration
• Secretary of the Treasury · Treasury
• Secretary of State · State
• Secretary of Commerce · Commerce
• Secretary of Labor · Labor
• Secretary of Transportation · Transportation
• United States Trade Representative · Executive Office of the President
• Chairman of the Council of Economic Advisers · Executive Office of the President
• Director of the Office of Management and Budget · Office of Management and Budget

Timeline

Risks & tensions

• Potential tension between Board and Cabinet Council on Economic Affairs over policy influence
• Confidentiality provisions may limit transparency; extent 'permitted by law' qualifier creates uncertainty
• No fixed meeting schedule or reporting deadlines specified—advisory role is discretionary
• Unclear whether Board recommendations are binding or purely advisory
• Original 22-month lifespan suggests temporary institutional experiment