HR 1449 · 97th Congress · Economics and Public Finance

Economic Stabilization Act of 1981

Introduced 1981-01-28· Sponsored by Rep. Stratton, Samuel S. [D-NY-28]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to Subcommittee on Economic Stabilization.(1981-03-02)

Plain Language Summary

[AI summary unavailable — showing source text] Economic Stabilization Act of 1981 - Directs the President, within 60 days of the date of enactment of this Act, through fiscal year 1983, to issue orders and regulations to stabilize prices, rents, wages, salaries, profits, dividends, interest rates, and other comparable economic transfers at levels not less than those prevailing on October 1, 1980. Establishes a $10,000 maximum fine for, and provides for injunctive relief from, violations of any such orders. Directs the President, not later than 30 days after the date of enactment of this Act, to transmit to the Congress a plan setting forth detailed proposals for the implementation of the authority conferred by this Act and, from time to time, to transmit revisions of such plan as may be necessary.…

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