Economic Stabilization Act Amendments

[AI summary unavailable — showing source text] Economic Stabilization Act Amendments - Establishes an Economic Stablilzation Board. Provides that all prices, wages, rents, and interest rates will be frozen at levels no higher than those prevailing on the date of enactment of this Act. Directs the Board, after full explanation of its actions, to roll back prices, rents, and interest rates to levels lower than those prevailing on the date of enactment in order to eliminate windfall profits or to carry out the purposes of this Act. States that, in order to eliminate inequities in the wage-price relationship which may have developed in certain firms or industries since August 15, 1971, the Board shall, on petition of any interested person after reviewing all relevant data, allow upward adjustments in wages in amounts which at the maximum would be equal to the difference between the rate of price increases as measured by the Consumer Price Index (all items - United States city average) as compiled by the Bureau of Labor Statistics, United States Department of Labor occurring between August 15, 1971, and the date of enactment of the Economic Stablilzation Act Amendments of 1975 and average wage increases occurring in a firm or indust…