Skip to content
PoliticalRepoPoliticalRepo

United States · Bill · S

S. 3518 (95th)

Inflation Review Board Act

referredUnited States· United States Congress· EN

Introduced

22 September 1978

Last action

22 September 1978 · Introduced

Status

Referred to Senate Committee on Banking, Housing and Urban Affairs.

Sponsors

Sen. Stevenson, Adlai E., III [D-IL]

Subjects

Discovery layer

Source updated

2 September 2025

Official sourceView documentsShare

Summary

Inflation Review Board Act - Amends the Council on Wage and Price Stability Act to replace the Council with an Inflation Review Board. Establishes such Board as an independent agency in the executive branch consisting of the Chairman of the Board of Governors of the Federal Reserve System, the Chairman of the Council of Economic Advisors, and a Chairman, Vice-Chairman, and member appointed by the President with the advice and consent of the Senate. Directs that the members serve four year terms. Authorizes the Board to require that it receive notification within 30 days of: (1) a proposed price increase by any person having gross revenues over $250,000,000 in the most recent fiscal year; (2) a pending wage increase by an employer or employee's representative involving over 5,000 employees; or (3) a proposed wage or price increase by any person designated by regulation of the Board without regard to gross revenues or number of employees. Empowers the Board to delay such increases for 45 days by order or regulation. Authorizes judicial enforcement of any requirement imposed under this Act in actions brought by the Attorney General. Authorizes the Board to recommend counter-inflationary measures to the President, including voluntary wage and price guidelines. Requires the Board to make a semiannual report to the Congress. Terminates the authority granted by this Act on September 30, 1984.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 22 September 1978

    Introduced

    Referred to Senate Committee on Banking, Housing and Urban Affairs.

    Source: IntroReferral

  2. 22 September 1978

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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

Documents

1 official file

Leesvertaling

Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

Related records

No cross-record relationships stored yet.

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.