Private Sector Productivity Act

Private Sector Productivity Act - Establishes the Productivity Council. Directs the Council to: (1) develop, annually revise, and direct the implementation of a comprehensive national productivity plan which assesses the effects of Federal policies and activities on private sector productivity, identifying unnecessary obstacles and recommending improvements; (2) obtain support from Government, business, labor, and academic representatives; (3) act as a liaison between Federal agencies and local, regional, national, and foreign productivity centers; and (4) delineate agency functions to improve productivity. Creates an advisory board to the Council.

Directs the Secretary of Commerce, the Secretary of Labor, and the Director of the Federal Mediation and Conciliation Service, under the guidance of the Council, to conduct specified activities to collect and disseminate information relating to productivity improvement in the private sector, and to recommend revisions in the national productivity plan.

Authorizes appropriations.