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United States · Law · S

S. 3919 (93rd)

Council on Wage and Price Stability Act

openUnited States· United States Congress· EN

Introduced

15 August 1974

Last action

24 August 1974 · President

Status

Public law 93-387.

Sponsors

Sen. Sparkman, John J. [D-AL], Sen. Packwood, Bob [R-OR]

Subjects

Discovery layer

Source updated

14 January 2025

Official sourceDownload fileView documentsShare

Summary

Council on Wage and Price Stability Act - Authorizes the President to establish a Council on Wage and Price Stability. Sets forth the duties and membership of such Council. Provides that such Council shall: (1) review and analyze industrial capacity, demand, and supply in various sectors of the economy, working with the industrial groups concerned and appropriate governmental agencies to encourage price restraint; (2) work with labor and management in the various sectors of the economy having special economic problems, as well as with appropriate government agencies, to improve the structure of collective bargaining and the performance of those sectors in restraining prices; (3) improve wage and price data bases for the various sectors of the economy to improve collective bargaining and encourage price restraint; (4) conduct public hearings necessary to provide for public scrutiny of inflationary problems in various sectors of the economy; (5) focus attention on the need to increase productivity in both the public and private sectors of the economy; (6) monitor the economy as a whole by acquiring, as appropriate, reports on wages, cost, productivity, prices, sales, profits, imports, and exports; and (7) review and appraise the various programs, policies, and activities of the departments and agencies of the United States for the purpose of determining the extent to which those programs and activities are contributing to inflation. Provides that the Council shall report to the President, and through him to the Congress, from time to time, concerning its activities, findings, and recommendations with respect to the containment of inflation and the maintenance of a vigorous and prosperous peacetime economy. Authorizes to be appropriated an amount not to exceed $1,000,000 for the fiscal year ending June 30, 1975, to carry out the purposes of this Act. Terminates the authority granted by this Act on June 30, 1976.

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

Timeline

  1. 15 August 1974

    Reported

    Reported to Senate from the Committee on Banking, Housing and Urban Affairs, S. Rept. 93-1098.

    Source: Committee

  2. 15 August 1974

    Reported

    Reported to Senate from the Committee on Banking, Housing and Urban Affairs, S. Rept. 93-1098.

    Source: Committee

  3. 15 August 1974

    Introduced

    Introduced in Senate

    Source: IntroReferral

  4. 19 August 1974

    Vote

    Measure passed Senate, amended, roll call #369 (83-3).

    Source: Floor

  5. 19 August 1974

    Vote

    Passed/agreed to in Senate: Measure passed Senate, amended, roll call #369 (83-3).

    Source: Floor

  6. 20 August 1974

    Vote

    Measure passed House in lieu of H.R. 16425, roll call #511 (369-27).

    Source: Floor

  7. 20 August 1974

    Vote

    Passed/agreed to in House: Measure passed House in lieu of H.R. 16425, roll call #511 (369-27).

    Source: Floor

  8. 22 August 1974

    Floor

    Measure presented to President.

    Source: Floor

  9. 22 August 1974

    President

    Measure presented to President.

    Source: President

  10. 24 August 1974

    President

    Public law 93-387.

    Source: President

  11. 24 August 1974

    Became law

    Signed by President.

    Source: BecameLaw

  12. 24 August 1974

    President

    Signed by President.

    Source: President

Votes

· Official source

Yes 0 · No 0 · Abstain — · Absent/not voting 0

    Versions

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

    Documents

    3 official files

    Public Law (PDF)

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    • Public Law (PDF)

      Public Law · EN · 25 August 1974

      ViewDownloadOpen at official source

    • Public Law

      summary · EN · 24 August 1974

      Open at official source

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    • Introduced in Senate

      summary · EN · 15 August 1974

      Open at official source

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