HR 11503 · 95th Congress · Economics and Public Finance

Economic Stabilization Act

Introduced 1978-03-13· Sponsored by Rep. Cornell, Robert J. [D-WI-8]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Banking, Finance and Urban Affairs.(1978-03-13)

Plain Language Summary

[AI summary unavailable — showing source text] 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

Cosponsors (1)

1 Democrat