ESTABLISHMENT OF THE SUBCOMMITTEE

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP79M00098A000400030003-2
• Release Decision: RIPPUB
• Original Classification: S
• Document Page Count: 3
• Document Creation Date: December 15, 2016
• Document Release Date: August 26, 2004
• Sequence Number: 3
• Publication Date: January 16, 1975
• Content Type: MF

SECRET
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EIS-D-001
16 January 1975
NATIONAL SECURITY COUNCIL INTELLIGENCE COMMITTEE
ECONOMIC INTELLIGENCE SUBCOMMITTEE
MEMORANDUM FOR: EIS Principals (See Distribution List)
SUBJECT Establishment of the Subcommittee
1. The Assistant to the President for National Security
Affairs and the Secretary of the Treasury have approved the
establishment of the Economic Intelligence Subcommittee
(EIS) of the National Security Council Intelligence Committee
(NSCIC). The EIS replaces the. Requirements Advisory Board.
(RAB), formerly chaired by Kenneth W. Dam, Executive Director
of the Council on Economic. Policy.
2. Treasury's Assistant Secretary for International
.Affairs, Charles A. Cooper, will be the Chairman, and
William N. Morell, Special Assistant to the Secretary of the
Treasury (National Security) will be Vice Chairman. Other
.subcommittee members will be senior representatives from the
Department of Agriculture, the Department of Commerce, the
Department of Defense (ISA), the Department of State (EB),
the Energy Research and Development Administration, the
Export-Import Bank, the Council on International Economic
Policy, the Council of Economic Advisers, the National
Security Council, the Office of the Special Representative
for Trade Negotiations, and the Economic Intelligence Committee
of the United States Intelligence Board.
3. The purpose of the EIS is to _provide a means by
which the intelligence community-ga ec 've aut on ative
guidance on international economic intelligence su -sects
from the po i.cymaking level. At present, the flow f
information requirements and criticism of intelligence
production from intelligence users to intelligence producers
mainly comes from analysts and specialized consumers at the
sub-policy level. This system of informal relationships
works reasonably well and will continue to serve as the
primary guidance mechanism. What has been lacking heretofore,
and what the EIS will hopefully provide, is systematic
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guidance on matters beyond the authority or competence of
the sub-policy specialist. One example of such matters
concerns the relative priorities to be attached to fulfilling
information requirements in the various policy areas.
Another. involves the perceptions of intelligence users as to
the balance of risks and costs vis-a-vis benefits in mounting
collection efforts on particular subjects through sensitive
means, realizing that the great majority of useful collection
will continue to be undertaken overtly, principally by the
Foreign Service and the Treasury attaches.
4. As the National Intelligence Officer for Economics
and Energy, and Director Colby's chief economic advisor, I
have been designated the Executive Secretary of the EIS. The
Deputy Executive Secretary will be Alan Sokolski of the
Intelligence Community Staff. Subject to the schedule of
the Chairman, I anticipate holding an initial meeting of the
EIS in February. Subsequent meetings will be scheduled
according to need. The agenda of this initial meeting will
include, but will not necessarily be limited to, the following
topics:
Criteria for the lawful collection, safeguarding,
.and use of foreign intelligence involving multinational
corporations.
The protection of sensitive sources and methods,
particularly relating to monetary and energy matters.
Priorities and criteria for assistance from the
intelligence community to. US business in competition
with foreign business.
Prior to the formal meeting, either I or I will
be in touch with you to discuss proposed agenda items and to
solicit your views as to matters deserving EIS attention.
Attachments:
A. RAB Membership
B. NSCIC Membership
I
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