S 3148 · 93th Congress · Economics and Public Finance

Economic Stabilization Act Amendments

Introduced 1974-03-11· Sponsored by Sen. Hathaway, William D. [D-ME]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Banking, Housing and Urban Affairs.(1974-03-11)

Plain Language Summary

[AI summary unavailable — showing source text] Economic Stabilization Act Amendments - States that, in exercising his authority under the Economic Stabilization Act, the President shall: (1) monitor compliance with commitments made by firms in connection with any decontrol actions; (2) review the programs and activities of Federal departments and agencies and the private sector which may have adverse effects on supply and cause an increase in prices; (3) review 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; (4) work with labor and management to improve the structure of collective bargaining and the performance of those sectors in restraining prices; (5) improve wage and price data bases for the various sectors of the economy to improve collective bargaining and encourage price restraint; (6) conduct public hearings to provide for public scrutiny of inflationary problems in various sectors of the economy; (7) focus attention on the need to increase productivity in both the public and private sectors of the economy; (8) monitor the economy as a whole by requiring reports on wages, costs, pro…

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