A bill to amend Public Law 96-389.

Amends Federal law to designate the commission studying the role of gold in domestic and international monetary systems as the United States Gold Commission.

Requires the President of the Senate and the Speaker of the House of Representatives to appoint, to such Commission, one majority and one minority member each from the Joint Economic Committee of the Congress.

Extends, until June 30, 1982, the date by which the Commission must make its report of such study to the Congress and the President.