HR 13359 · 95th Congress · Economics and Public Finance

Concentrated Industries Anti-Inflation Act

Introduced 1978-06-29· Sponsored by Rep. McFall, John J. [D-CA-14]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Banking, Finance and Urban Affairs.(1978-06-29)

Plain Language Summary

[AI summary unavailable — showing source text] Concentrated Industries Anti-Inflation Act - Establishes the Price Restraint Board composed of five members appointed by the President, by and with the advice and consent of the Senate. Directs the Board to issue standards and guidelines for noninflationary industrial price adjustments. Establishes three categories of firms based on the dollar value of sales controlled by a firm. Applies the measures of this Act to firms according to category. Requires the Board to prepare, or have prepared, for monthly publications a weighted index of the prices of the products of concentrated industries. Directs the Board, when necessary to carry out the purposes of this Act, to issue orders and regulations: (1) requiring prenotification of price increases; (2) delaying proposed price increases; (3) disapproving proposed price increases; or (4) rolling back prices, with respect to products of firms in concentrated industries. Limits to 60 days the duration of an order to delay proposed price increases. Establishes threshholds for the issuance of orders delaying, disapproving, or rolling back price increases. Expresses such threshholds in terms of increases in the monthly indexes of prices of prod…

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