A bill to amend the Economic Stabilization Act of 1970.

Summary

Imposes a ceiling on all prices and interest notes at levels no higher than those prevailing on September 12, 1973. Directs the President to stabilize rents at levels prevailing on August 12, 1973. States that for the purpose of preventing the excessive speculation in and the excessive use of credit for the creation, carrying, or trading in commodity futures contracts having the effect of inflating consumer prices and industrial costs, the Secretary of Agriculture shall prescribe regulations governing the amount of margin that must be required or maintained on any such contract. Establishes the Office of Consumer Counselor which shall have authority to investigate fully, on complaint from a consumer, or otherwise, all official actions of any board, commission, or similar entity charged with the duty to carry out the provisions of this Act, and any such board, commission, or similar entity shall promptly upon request make fully available to the Office of the Consumer Counselor all records, information, and testimony relating to any matter which such Office investigates. Provides that the Comptroller General shall have authority to review all reports concerning prices, profits, wages, salaries, or interest rates submitted by any person to any officer, department, agency, board, commission, or similar entity established pursuant to authority granted the President by this Act. Provides that the General Accounting Office shall study and evaluate the relationship between consumer food prices in the United States and commodity exchanges, including the impact of such exchanges on such food prices and shall transmit a report of such study to the Congress not later than four months after the date of enactment of this Act.

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Documents

1 official file

• Introduced in House

  summary · EN · 11 September 1973

  Open at official source

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