HR 11503 · 95th Congress · Economics and Public Finance
Economic Stabilization Act
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Banking, Finance and Urban Affairs.(1978-03-13)
Plain Language Summary
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Authorizes the President, through fiscal year 1981, to issue such orders and regulations as deemed appropriate to stabilize prices, rents, wages, and salaries at levels not less than those prevailing on March 11, 1978, and to stabilize interest rates and corporate dividends and similar transfers at levels consistent with orderly economic growth. Sets forth criminal penalties for, and provides for injunctive relief from, violations of any such orders.…
Summarized by Claude AI · Non-partisan · For informational purposes only