HR 786 · 96th Congress · Economics and Public Finance

Economic Stabilization Act of 1979

Introduced 1979-01-15· Sponsored by Rep. Weiss, Ted [D-NY-20]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Banking, Finance and Urban Affairs.(1979-01-15)

Plain Language Summary

[AI summary unavailable — showing source text] Economic Stabilization Act of 1979 - Authorizes the President, through fiscal year 1982, to issue such orders and regulations as may be deemed appropriate to stabilize prices, rents, wages, and salaries at levels not less than those prevailing on January 1, 1979, and to stabilize interest rates and corporate dividends and similar transfers at levels consistent with orderly economic growth. Establishes a $10,000 maximum fine for, and provides for injunctive relief from, violations of any such orders.…

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

Cosponsors (20)

20 Democrats