Monetary Reconstruction and Mortgage Relief Act of 1980

[AI summary unavailable — showing source text] Monetary Reconstruction and Mortgage Relief Act of 1980 - Title I: Energy Conservation and Rationing - Directs the President to establish monthly emergency conservation targets for motor fuel and home heating oil without a finding that a severe energy supply interruption exists or such actions are required by international obligations. Requires a 20 percent reduction in petroleum imports within one year. Authorizes the President to implement any approved rationing contingency plan in order to meet such targets. Title II: Emergency Wage-Price Control Act of 1980 - Emergency Wage-Price Control Act of 1980 - Directs the President to impose a ceiling on price profits, rents, wages, salaries, interest rates, corporate dividends, and similar transfers at levels not in excess of those prevailing during the 30 day period ending on the date of enactment or on such earlier date as the Council on Wage and Price Stability may determine or at the level prevailing on the nearest date on which, in the judgment of the Council, the level was generally representative. Requires that such ceilings remain in effect until the earlier of: (1) 180 days after the enactment; or (2) the date on which the Pre…