Council on Wage and Price Stability Act Amendments of 1975

[AI summary unavailable — showing source text] Council on Wage and Price Stability Act Amendments - Authorizes the Council on Wage and Price Stability, under the Council on Wage and Price Stability Act, to require periodic reports and to issue subpenas for the attendance and testimony of witnesses and the production of information relating to wages, prices, costs, profits, and productivity by product line. Provides that information obtained under this Act shall be made available to the public unless the Council determines that public disclosure would impose an undue competitive disadvantage on the person submitting such information. Authorizes the Council to require any person having gross sales or revenues in excess of $250,000,000 during its most recent fiscal year to submit a prenotification to the Council with respect to any price increase of any product or service not more than 30 days prior to the effective date of such increase. Declares that the Council may require any person who grants a wage increase affecting more than 5,000 employees to submit a prenotification of such increase not more than 30 days prior to the effective increase date. Gives the Council the authority to delay up to 60 days any price or wage increas…