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Human Capital

Human Capital

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Published by Brian Kelly
Human Capital
Human Capital

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Published by: Brian Kelly on Aug 12, 2013
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Administration ofWilliam J. Clinton, 1997/Mar. 4 
mentary Agreement). The Second Supple-mentary Agreement, signed at Ottawa onMay 28, 1996, is intended to modify certainprovisions of the original United States-Can-ada Social Security Agreement signed at Ot-tawa March 11, 1981, which was amendedonce before by the Supplementary Agree-ment of May 10, 1983. The United States-Canada Social SecurityAgreement is similar in objective to the socialsecurity agreements with Austria, Belgium,Finland, France, Germany, Greece, Ireland,Italy, Luxembourg, The Netherlands, Nor-way, Portugal, Spain, Sweden, Switzerland,and the United Kingdom. Such bilateralagreements provide for limited coordinationbetween the U.S. and foreign social securitysystems to eliminate dual social security cov-erage and taxation, and to help prevent theloss of benefit protection that can occurwhen workers divide their careers betweentwo countries. The Second Supplementary Agreementprovides Canada with a specific basis to enterinto a mutual assistance arrangement withthe United States. This enables each Govern-ments’ Social Security agency to assist theother in enhancing the administration of their respective foreign benefits programs. The Social Security Administration has bene-fited from a similar mutual assistance ar-rangement with the United Kingdom. TheSecond Supplementary Agreement will alsomake a number of minor revisions in theAgreement to take into account otherchanges in U.S. and Canadian law that haveoccurred in recent years. The United States-Canada Social SecurityAgreement, as amended, would continue tocontain all provisions mandated by section233 and other provisions that I deem appro-priate to carry out the provisions of section233, pursuant to section 233(c)(4) of the Act.I also transmit for the information of theCongress a report prepared by the Social Se-curity Administration explaining the keypoints of the Second Supplementary Agree-ment, along with a paragraph-by-paragraphexplanation of the effect of the amendmentson the Agreement. Annexed to this reportis the report required by section 233(e)(1)of the Act on the effect of the Agreement,as amended, on income and expenditures of the U.S. Social Security program and thenumber of individuals affected by theamended Agreement. The Department of State and the Social Security Administrationhave recommended the Second Supple-mentary Agreement and related documentsto me.I commend the United States-Canada Sec-ond Supplementary Social Security Agree-ment and related documents.
William J. Clinton
 The White House,March 3, 1997.
Executive Order 13037—Commission To Study CapitalBudgeting
March 3, 1997 
By the authority vested in me as Presidentby the Constitution and the laws of the Unit-ed States of America, including the FederalAdvisory Committee Act, as amended (5U.S.C. App.), it is hereby ordered as follows:
Section 1.
Establishment.
 There is estab-lished the Commission to Study CapitalBudgeting (‘‘Commission’’). The Commis-sion shall be bipartisan and shall be com-posed of 11 members appointed by the Presi-dent. The members of the Commission shallbe chosen from among individuals with ex-pertise in public and private finance, govern-ment officials, and leaders in the labor andbusiness communities. The President shalldesignate two co-chairs from among themembers of the Commission.
Sec. 2.
Functions.
 The Commission shallreport on the following:(a)Capital budgeting practices in othercountries, in State and local govern-ments in this country, and in the pri-vate sector; the differences andsimilarities in their capital budgetingconcepts and processes; and the perti-nence of their capital budgeting prac-tices for budget decisionmaking andaccounting for actual budget out-comes by the Federal Government;(b)The appropriate definition of capitalfor Federal budgeting, including: useof capital for the Federal Governmentitself or the economy at large; owner-

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