View all text of Subchapter I [§ 3111 - § 3117]
§ 3117. Capital formation
(a) Congressional findings
The Congress finds that—
(1) promotion of full employment and balanced growth is in itself a principal avenue to high and sustained rates of capital formation;
(2) high rates of capital formation are necessary to ensure adequate rates of capacity expansion and productivity growth, compliance with governmental health, safety and environmental standards, and the replacement of obsolete production equipment;
(3) the ability of our economy to compete successfully in international markets, the development of new technology, improved working conditions, expanding job opportunities, and an increasing standard of living depend on the availability of adequate capital at reasonable cost to commerce and industry;
(4) an important goal of national policy shall be to remove obstacles to the free flow of resources into new investment, particularly those obstacles that hinder the creation and growth of smaller businesses because general national programs and policies to aid and stimulate private enterprise are not sufficient to deal with the special problems and needs of smaller businesses; and
(5) while private business firms are, and should continue to be, the major source of investment, the investment activities of the Federal, State, and local governments play an important role in affecting the level of output, employment, and productivity and in achieving other national purposes.
(b) Investment Policy Report; recommendations in President’s Budget; referral to Joint Economic Committee
(c)
(Pub. L. 95–523, title II, § 207, Oct. 27, 1978, 92 Stat. 1903.)