A bill to amend the Economic Stabilization Act of 1970, to stabilize the retail prices of meat for a period of 45 days at the November 1972 retail levels, and to require the President to submit to the Congress a plan for insuring an adequate meat supply for U.S. consumers, reasonable meat prices, and a fair return on invested capital to farmers, food processors, and food retailers.

Summary

Authorizes and directs the President, under the Economic Stabilization Act, to issue whatever rules, regulations, or orders are necessary or appropriate to stabilize meat prices at their November 1972 retail price levels for a period of forty-five days beginning upon the date of enactment of this Act. Requires the President to submit a legislative proposal to the Congress, not later than forty-five days after the date of enactment of this Act, to insure: (1) an adequate meat supply for United States consumers; (2) noninflationary retail food and meat prices to consumers; and (3) a fair rate of return on invested capital to farmers, food processors, and food retailers.

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1 official file

• Introduced in House

  summary · EN · 9 January 1973

  Open at official source

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