Establishment of the President's Council on Jobs and Competitiveness
Feb 3, 2011
Signed by: Barack Obama
Signed on: Jan 31, 2011
Published on: Feb 3, 2011
Feb 3, 2011
Signed by: Barack Obama
Signed on: Jan 31, 2011
Published on: Feb 3, 2011
Summary
Establishes the President's Council on Jobs and Competitiveness to give non-partisan advice on strengthening the economy and creating jobs for Americans.
What problem does this solve?
The government needs expert advice from outside of Washington to help make the country's economy stronger and create more jobs. This order creates a special group of people from the private sector to give the President ideas and information to help achieve these goals.
What does this order do?
Establishes the President's Council on Jobs and Competitiveness (PCJC)
Creates a new advisory council within the Department of the Treasury to provide non-partisan advice to the President on strengthening the economy.
Defines council membership and leadership
States that members will be appointed by the President from outside the Federal Government, representing various economic sectors. The President will also choose a Chair from among the members.
Outlines advisory functions
Specifies that the council's role is only to advise. It will gather ideas, report directly to the President, and provide analysis on policies to promote economic growth and job creation.
Revokes a previous executive order
Cancels Executive Order 13501, which had created the President's Economic Recovery Advisory Board.
Sets a termination date for the council
The council is scheduled to end two years from the date of the order unless the President chooses to extend it.
Specifies administrative support
Assigns the Department of the Treasury to provide funding and administrative support for the council.
Who does this affect?
- American workers
- Employers
- Private sector businesses
What is the real world impact?
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Gathers expert advice from outside the government
Creates a formal way for the President to get ideas and recommendations from people in business and other parts of the economy, not just from government officials.
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Replaces a previous economic advisory board
Replaces the President's Economic Recovery Advisory Board with a new council focused on jobs and competitiveness, signaling a shift in economic advisory strategy.
When does this start?
This executive order became effective on January 31, 2011, and includes a future deadline for the council's termination.
Council Termination
The council will end two years after January 31, 2011, unless the President decides to extend it.