S 3032 · 93th Congress · Economic stabilization
Economic Stabilization Act Amendments
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Referred to Senate Committee on Banking, Housing and Urban Affairs.(1974-02-21)
Plain Language Summary
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Economic Stabilization Act Amendments - Expresses the findings of Congress, including findings relating to the need to control inflation in the health care industry. Provides for mandatory controls with respect to the health care sector of the economy after April 30, 1974. Makes technical amendments to the requirements and objectives of the Economic Stabilization Program. Authorizes the enforcement after April 30, 1974, of the Cost of Living Council orders issued on or before that date that limit price or wage behavior for specified periods of time. Authorizes the continuation of controls over wages and salaries paid to executives for the remainder of the control period. Empowers the President to prescribe regulations to provide for the disposition after April 30, 1974, of any price or wage matters relating to periods prior to May 1, 1974. Authorizes the President to collect through reports, audits, recordkeeping requirements and hearings, as well as from existing government sources, such business and economic information as may be necessary. Authorizes the delegation of authority under the Act to State officials as well as to Federal officials. Eliminates the provisions exempting …
Summarized by Claude AI · Non-partisan · For informational purposes only