A bill to amend and extend the Economic Stabilization Act of 1970.

Summary

Freezes, under the Economic Stabilization Act of 1970, all prices and interest rates at levels no higher than those prevailing on March 16, 1973. Authorizes the President to roll back prices and interest rates to levels lower than those prevailing on such date. Provides for the stabilization of rents at levels prevailing on January 10, 1973. Authorizes the President to roll back rents to levels lower than those prevailing on such date. Provides for the regulation of credit for commodity futures trading by the Board of Governors of the Federal Reserve System. Establishes in the legislative branch an Officer of Consumer Counselor. Provides the Consumer Counselor with duties to carry out the provisions of this Act. Extends for one year (to 1974) the Economic Stabilization Act of 1970.

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Documents

1 official file

• Introduced in House

  summary · EN · 28 March 1973

  Open at official source

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