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OPA-76-48 1 (1976-04-30)

handle is hein.gao/gaobaagvx0001 and id is 1 raw text is: - I -0MPTROLLER GINCEqAA. OF mrH UN! TD STATr- 1-11.5398 APR 3 0T7 The Eon:)7zble Richard E. Ichord Ecouse of Representatives Dear Mr. Ichord: In yo.: letter of January 26, 1976, you asked GAD to devise a Olan whereby Con&7ess coulzd efiectively bring ur~er its con~trol NOWra loan gwaa=2 preiras. As a general maiter, ve believe that the ; blic cz= be assn:T2 view, the present: budget Lreatznc of Fec~a1 crezi: pzcS~azs- part ict.1ary these Onivin Wan =~ te--ce cc give ay.equ visihili~y to these prcgzc. Locan guarantee prys Ozr asz7c do not cczpete for resources within the same iecision fraeworK as applies to direct Fecierai activities or to grant prc~rams. We have begun~ work in th-s area, but the relatively short t±:e frame for our res:smse l1zLts :he amount of i~r~ztivn that we can provide at zhis time and preciudes our reachin; Hr cc c2u~c~s and recozoedatfons. In the OZWerSL Of providi.; a timely respon~se, we have no: sculht tie views of the numercus afiected ajoncies vit respect - to the zzteria. containea in this letter. Thus, our ONO=k;z a: this stage shou.ld be ccnsi6trKc prelimizary, and is subject to chan&e as our work proceeds. At t1he outset, we feel-it iportant to indicate that for propcsei !Can PUZ70CC 7777! 5w~prtng citerial sioule 07onstrate that th.e inr Zwn:z:ee is r.e zprp~~ vcicl ics zccnlshin the inte::dei 7,zpos Wf the Jle;isatiom. There are nue.-os =zanz by vbich the Yeceral Gcvern~ent can achieve a given proyrz= gcol. Consid- eration could be &iven, for exa~ple, tc such ncentives as pric:e suppcrts, tax credi~s, grants, direct loans, ead protection &: cc~peti- tion from ipcrts. These vehicles should be evalvated again~st criteria such as the extent of federal liebility, co~pe~itive impact., sure:y of meeting estallish.ed goals axid ad~inistative Wesibility. Lot= guarantees are, thus, only cue means of achileving a given objective. IMPA-76-48

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