HR 10160 · 93th Congress · Economics and Public Finance
A bill to amend the Economic Stabilization Act of 1970.
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Banking and Currency.(1973-09-11)
Plain Language Summary
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Imposes a ceiling on all prices and interest notes at levels no higher than those prevailing on September 12, 1973. Directs the President to stabilize rents at levels prevailing on August 12, 1973. States that for the purpose of preventing the excessive speculation in and the excessive use of credit for the creation, carrying, or trading in commodity futures contracts having the effect of inflating consumer prices and industrial costs, the Secretary of Agriculture shall prescribe regulations governing the amount of margin that must be required or maintained on any such contract. Establishes the Office of Consumer Counselor which shall have authority to investigate fully, on complaint from a consumer, or otherwise, all official actions of any board, commission, or similar entity charged with the duty to carry out the provisions of this Act, and any such board, commission, or similar entity shall promptly upon request make fully available to the Office of the Consumer Counselor all records, information, and testimony relating to any matter which such Office investigates. Provides that the Comptroller General shall have authority to review all reports concerning prices, profits, wages…
Summarized by Claude AI · Non-partisan · For informational purposes only