---
kind: "section"
citation: "15 U.S.C. § 4807"
title: "15"
title_heading: "Commerce and Trade"
number: "4807"
heading: "Annual report"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/15/4807"
units:
  - "Chapter 74 — Competitiveness Policy Council"
---

# §4807. Annual report

- (a) **Submission of report—** The [Council](/usc/15/4809.md?p=1) shall annually on March 1 submit to the President, the Senate Governmental Affairs Committee, and the appropriate Committees of the House of Representatives and the Senate a report setting forth—
  - (1) the goals to achieve a more competitive [United States](/usc/15/4809.md?p=3) economy;
  - (2) the policies needed to meet such goals;
  - (3) a summary of existing policies of the Federal Government or [State](/usc/15/15g.md?p=2) and [local governments](/usc/15/34.md?p=1) significantly affecting the competitiveness of the [United States](/usc/15/4809.md?p=3) economy; and
  - (4) a summary of significant economic and technological developments, in the [United States](/usc/15/4809.md?p=3) and abroad, affecting the competitive position of [United States](/usc/15/4809.md?p=3) industries.
- (b) **Contents of report—** The report submitted under [subsection (a)](#a) shall—
  - (1) identify and describe actual or foreseeable developments, in the [United States](/usc/15/4809.md?p=3) and abroad, which—
    - (A) create a significant likelihood of a competitive challenge to, or of substantial dislocation in, an established [United States](/usc/15/4809.md?p=3) industry;
    - (B) present significant opportunities for [United States](/usc/15/4809.md?p=3) industries to compete in new geographical markets or product markets, or to expand the position of such industries in established markets; or
    - (C) create a significant risk that [United States](/usc/15/4809.md?p=3) industries shall be unable to compete successfully in significant markets;
  - (2) specify the industry sectors affected by the developments described in the report under [paragraph (1)](#b-1); and
  - (3) contain a statement of the findings and recommendations of the [Council](/usc/15/4809.md?p=1) during the previous fiscal year, including any recommendations of the [Council](/usc/15/4809.md?p=1) for (a) such legislative or administrative actions as the [Council](/usc/15/4809.md?p=1) considers appropriate, and (b) including the elimination, consolidation, reorganization of government agencies especially such agencies that specifically deal with research, science, technology, and international trade.
- (c) **Report by Congressional committees—** The [Council](/usc/15/4809.md?p=1) shall consult with each committee to which a report is submitted under this section and after such consultation, each such committee shall submit to its respective House a report setting forth the views and recommendations of such committee with respect to the report of the [Council](/usc/15/4809.md?p=1).

## Source credit

(Pub. L. 100–418, title V, § 5208, Aug. 23, 1988, 102 Stat. 1461; Pub. L. 101–382, title I, § 133(d), Aug. 20, 1990, 104 Stat. 649.)

## Notes

### Editorial Notes

### Amendments

1990—Subsec. (a). Pub. L. 101–382 substituted “on March 1” for “prepare and”.

### Statutory Notes and Related Subsidiaries

### Change of Name

Committee on Governmental Affairs of Senate changed to Committee on Homeland Security and Governmental Affairs of Senate, effective Jan. 4, 2005, by Senate Resolution No. 445, One Hundred Eighth Congress, Oct. 9, 2004.