The Congress of Soviets approved the GOELRO plan, the first Soviet plan for national economic recovery and development.

The Congress of Soviets was the supreme governing body of the Russian Soviet Federative Socialist Republic and several other Soviet republics and national autonomies in the Soviet Russia and the Soviet Union from 1917 to 1936 and a somewhat similar Congress of People's Deputies from 1989 to 1991. After the creation of the Soviet Union, the Congress of Soviets of the Soviet Union functioned as its legislative branch until its dissolution in 1936. Its initial full name was the "Congress of Soviets of Workers', Soldiers' and Peasants' Deputies". It was also sometimes known as the "Congress of People's Deputies." A similar name also applied in communist-held China in the Republican era.

GOELRO was the first of Soviet Russia's plans for national economic recovery and development. It became the prototype for subsequent Five-Year Plans drafted by Gosplan. GOELRO is the transliteration of the Russian abbreviation for "State Commission for Electrification of Russia".