15 U.S.C. § 4803: Duties of Council

develop recommendations for national strategies and on specific policies intended to enhance the productivity and international competitiveness of United States industries; private sector requests for governmental assistance or relief, specifically as to whether the applicant is likely, by receiving the assistance or relief, to become internationally competitive; and what actions should be taken by the applicant as a condition of such assistance or relief to ensure that the applicant is likely to become internationally competitive; analyze information concerning current and future United States economic competitiveness useful to decision making in government and industry; create a forum where national leaders with experience and background in business, labor, academia, public interest activities, and government shall identify and develop recommendations to address problems affecting the economic competitiveness of the United States; evaluate Federal policies, regulations, and unclassified international agreement on trade, science, and technology to which the United States is a party with respect to the impact on United States competitiveness; provide policy recommendations to the Congress, the President, and the Federal departments and agencies regarding specific issues concerning competitiveness strategies; to provide marketable, high quality goods and services in domestic and international markets; and to respond to international competition; Federal and private sector resources devoted to increased competitiveness; and State and local government programs devised to enhance competitiveness, including joint ventures between universities and corporations; establish, when appropriate, subcouncils of public and private leaders to develop recommendations on long-term strategies for sectors of the economy and for specific competitiveness issues; review policy recommendations developed by the subcouncils and transmit such recommendations to the Federal agencies responsible for the implementation of such recommendations; prepare, publish, and distribute reports containing the recommendations of the Council; and publish their analysis and recommendations in the form of an annual report to the President and the Congress which also comments on the overall competitiveness of the American economy.