A bill to amend the Economic Stabilization Act of 1970, to direct the President to establish a Rent Control Board which, through the establishment of a cost justification formula, will control the level of rent with respect to residential real property.

Summary

Directs the President to establish a Rent Control Board which shall control the level of rents in the United States through the establishment of a cost justification formula for landlords. Provides that whenever the Board determined, through the application of such formula to a landlord, that any rent increase after January 11, 1973, results in his having an unreasonably high rate of return on his capital, the Board shall order such landlord to reduce his rents to an appropriate level. Empowers the Board to promulgate such regulations as it considers necessary or appropriate to effectuate the provisions of this Act, including regulations to prohibit retaliatory action by any landlord against any tenant.

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Timeline

1. 27 February 1973

   Introduced

   Referred to House Committee on Banking and Currency.

   Source: IntroReferral

2. 27 February 1973

   Introduced

   Introduced in House

   Source: IntroReferral

3. 27 February 1973

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 27 February 1973

  Open at official source

Sponsors

• Rep. Gude, Gilbert [R-MD-8] · R · Sponsor
• Rep. Dent, John H. [D-PA-21] · D · Cosponsor
• Rep. Badillo, Herman [D-NY-21] · D · Cosponsor
• Rep. Macdonald, Torbert H. [D-MA-7] · D · Cosponsor
• Rep. Green, William J. [D-PA-3] · D · Cosponsor
• Rep. Roybal, Edward R. [D-CA-25] · D · Cosponsor
• Rep. Lehman, William [D-FL-13] · D · Cosponsor
• Rep. Edwards, Don [D-CA-10] · D · Cosponsor
• Rep. Daniels, Dominick V. [D-NJ-14] · D · Cosponsor
• Rep. Harrington, Michael J. [D-MA-6] · D · Cosponsor
• Rep. Fish, Hamilton, Jr. [R-NY-25] · R · Cosponsor
• Rep. Hogan, Lawrence J. [R-MD-5] · R · Cosponsor
• Rep. Stokes, Louis [D-OH-21] · D · Cosponsor
• Rep. Gilman, Benjamin A. [R-NY-26] · R · Cosponsor
• Rep. Hawkins, Augustus F. [D-CA-29] · D · Cosponsor
• · hsba00 · Standing

Related records

• related to → A bill to amend the Economic Stabilization Act of 1970, to direct the President to establish a Rent Control Board which, through the establishment of a cost justification formula, will control the level of rent with respect to residential real property, and for other purposes.