SECTION 1. PURPOSE.

.01 This Order delegates authority to the Director of the Bureau of Economic Analysis and prescribes the functions of the Bureau of Economic Analysis.

.02 This revision updates Bureau of Economic Analysis functions and makes various editorial and clarifying changes to reflect more accurately the duties executed by each office.

SECTION 2. STATUS AND LINE OF AUTHORITY.

.01 The Bureau of Economic Analysis is hereby continued as a primary operating unit of the Department of Commerce.

.02 The Bureau of Economic Analysis shall be headed by a Director who shall report and be responsible to the Under Secretary for Economic Affairs. The Director shall be assisted by a Deputy Director who shall perform the functions of the Director during the latter's absence.

SECTION 3. DELEGATION OF AUTHORITY.

.01 Pursuant to the authority vested in the Secretary of Commerce by law, including Reorganization Plan No. 5 of 1950 and 15 U.S.C. 1516, and subject to such policies and directives as the Secretary may prescribe, the Director is hereby delegated authority to perform the following functions vested in the Secretary of Commerce under:

a. Section 1516 of Title 15, United States Code, which related to gathering and distributing statistical information, as applicable to the functions assigned herein;

b. Chapter 5 of Title 15, United States Code, which relates to the authorities and functions of the former Bureau of Foreign and Domestic Commerce, as applicable to the functions assigned herein, except for the Plant and Equipment Survey conducted under Section 175 et seq.;

c. Executive Order 10033 of February 8, 1949, which relates to the provision of statistical information to intergovernmental organizations, as applicable to the functions assigned herein; and

d. Section 3 of Executive Order 11961 of January 19, 1977, as amended by Executive Order 12013 of October 7, 1977 and Executive Order 12518 of June 3, 1985 which delegates to the Secretary of Commerce the authority of the President under Section 4(a)(l), (2), (4), (5) and 4(b), of the International Investment and Trade in Services Survey Act of 1976 (Public Law 94-472, as amended by Public Law 98-573, 90 Stat. 2059, 22 U.S.C. 3101-3108). The functions thereunder shall be carried out in coordination with the Under Secretary for International Trade (Department Organization Order 10-3), including, to the extent feasible, the division or assignment of responsibilities. All regulations established by the Bureau of Economic Analysis to carry out functions under the Act shall be issued by the Director of the Bureau in consultation with the Under Secretary for International Trade. All reports required to be undertaken pursuant to the Act shall be issued by the Secretary.

.02 The Director may exercise other authorities of the Secretary as applicable to performing the functions assigned in this Order.

.03 The Director may delegate the authority conferred by this Order to any employee of the Bureau subject to the conditions in the exercise of such authority that the Director may prescribe.

SECTION 4. FUNCTIONS.

.01 The Bureau of Economic Analysis shall perform the following functions:

a. Maintain and improve the economic accounts of the United States including the national income and product, wealth, input-output, balance of payments, international investment, and regional accounts;

b. Maintain and improve econometric and other research techniques for analyzing the economic situation;

c. Conduct selected surveys to obtain information necessary to maintain and improve the accounts and to analyze the economic situation;

d. Analyze the economic situation, publish reports thereon, and brief Federal official and public and private groups on the present state of the economy;

e. Provide special analyses to officials of the Government, as may be requested, on the economic impact of economic-related events; and

f. Serve as the central economic research organization of the Department on the functioning of the economy and collaborate with other elements of the Department and private and public research which require or can contribute to this research.

SECTION 5. EFFECT ON OTHER ORDERS.

This Order supersedes Department Organization Order 35-lA, dated December 13, 1982, as amended.

Signed by: Secretary of Commerce