S 4118 · 93th Congress · Economics and Public Finance

Market Efficiency Study Act

Introduced 1974-10-10· Sponsored by Sen. Proxmire, William [D-WI]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Banking, Housing and Urban Affairs.(1974-10-10)

Plain Language Summary

[AI summary unavailable — showing source text] Market Efficiency Study Act - Establishes a Commission on Economic Efficiency. States that it shall be the duty of the Commission to conduct a study and investigation to determine the extent of, and to formulate recommendations for removing, all public and private barriers to an efficient market economy. Requires that in carrying out its duty with respect to public barriers, the Commission shall examine and consider the elimination, retention, or modification of: (1) direct subsidies; (2) indirect subsidies, including tax subsidies; (3) production and marketing quotas; (4) price-support programs; (5) stockpiling programs; (6) prevailing wage determination programs; (7) excessive or counterproductive regulation of transportation, communication, or fuels and resources; (8) import quotas and voluntary import curtailment agreements; (9) retail price maintenance programs; and (10) such other barriers as the Commission shall determine interfere substantially with the operation of an efficient market economy. Stipulates that in examining private barriers to free market economy the Commission should take into account the need for: (1) divestiture in or reorganization of noncompetitive indu…

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

Cosponsors (3)

1 Democrat2 Republicans