Emergency Wage-Price Control Act of 1980

[AI summary unavailable — showing source text] Emergency Wage-Price Control Act of 1980 - Directs the President to issue orders and regulations necessary to impose a ceiling on prices, 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 President prescribes orders and regulations to limit such increases to those which are consistent with the specified purposes of this Act and orderly economic growth. Sets forth guidelines for such orders and regulations. Prohibits limitation of wage increases for individuals with substandard earnings and members of the working poor. Prohibits preclusion of payments for wage increases: (1) under the Fair Labor Standards Act of 1938; (2) pursuant to Federal agency wage determinations for specified Government contract or assi…