HR 16425 · 93th Congress · Economics and Public Finance

Anti-Inflation Act

Introduced 1974-08-14· Sponsored by Rep. Patman, Wright [D-TX-1]· House

Bill Progress

Introduced
Committee
House Vote
4
Senate
5
Enacted
Latest: Measure indefinitely postponed in Senate, S. 3919 passed House in lieu on 8/20/74.(1974-08-22)

Recorded Votes

PassedHouse · 1974-08-19
Yea 379Nay 23
PassedHouse · 1974-08-19
Yea 379Nay 23

Plain Language Summary

[AI summary unavailable — showing source text] Anti-Inflation Act - Authorizes the President to establish, within the Executive Office of the President, a Cost of Living Task Force to: (1) review and analyze industrial capacity, demand, and supply in various sectors of the economy, working with the industrial groups concerned and appropriate governmental agencies to encourage price restraint; (2) work with labor and management in the various sectors of the economy having special economic problems, as well as with appropriate government agencies, to improve the structure of collective bargaining and the performance of those sectors in restraining prices; (3) improve wage and price data bases for the various sectors of the economy to improve collective bargaining and encourage price restraint; (4) conduct public hearings necessary to provide for public scrutiny of inflationary problems in various sectors of the economy; (5) focus attention on the need to increase productivity in both the public and private sectors of the economy; (6) monitor the economy as a whole by acquiring, as appropriate, reports on wages, costs, productivity, prices, sales, profits, imports, exports, and interest rates, and rents; (7) review the programs an…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (20)

16 Democrats4 Republicans