Authority
Authority for the Council is found in the Competitiveness Policy Council Act, 15 U.S.C. ยง4801 et seq. This Act was part of the larger Omnibus Trade and Competitiveness Act of 1988. The authorization of appropriations for the Council expired in Fiscal year 1992, but otherwise the statutory underpinnings for the Council remain intact, and the Council could be revived by a future President with a pro-competitive agenda.
Read more about this topic: Competitiveness Policy Council
Famous quotes containing the word authority:
“The members of a body-politic call it “the state” when it is passive, “the sovereign” when it is active, and a “power” when they compare it with others of its kind. Collectively they use the title “people,” and they refer to one another individually as “citizens” when speaking of their participation in the authority of the sovereign, and as “subjects” when speaking of their subordination to the laws of the state.”
—Jean-Jacques Rousseau (1712–1778)
“Does it follow that I reject all authority? Perish the thought. In the matter of boots, I defer to the authority of the bootmaker.”
—Mikhail Bakunin (1814–1876)
“There is no necessity to separate the monarch from the mob; all authority is equally bad.”
—Oscar Wilde (1854–1900)