Economic Stabilization Act Amendments
Latest action. Referred to House Committee on Banking and Currency.
Economic Stabilization Act Amendments - States that, in exercising his authority under the Economic Stabilization Act, the President shall: (1) monitor compliance with commitments made by firms in connection with any decontrol actions; (2) review the programs and activities of Federal departments and agencies and the private sector which may have adverse effects on supply and cause an increase in prices; (3) review 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; (4) work with labor and management to improve the structure of collective bargaining and the performance of those sectors in restraining prices; (5) improve wage and price data bases for the various sectors of the economy to improve collective bargaining and encourage price restraint; (6) conduct public hearings to provide for public scrutiny of inflationary problems in various sectors of the economy; (7) focus attention on the need to increase productivity in both the public and private sectors of the economy; (8) monitor the economy as a whole by requiring reports on wages, costs, productivity, prices, sales, profits, imports, and exports; and (9) conduct a continuing review of the effect of economic concentration and anticompetitive practices on price and wage inflation. Requires the President, in consultation with the Federal Trade Commission, the Department of Justice, the Department of the Treasury, the Federal Reserve Board, the Department of Commerce, and any other person or organization, to conduct a comprehensive study of the causes of inflation, both short-term and long-term, and to report to the Congress no later than Janaury 1, 1975, the results of such study, together with his recommendations for legislation and any other appropriate action.
Written by analysts at the Congressional Research Service and published on Congress.gov, not by Civibrief. Summarized at the "Introduced in House" stage on April 30, 1974. It describes the bill, it is not the legal text.
Where is it in the process, and what happens next?
4 steps remain before this bill could become law.
The record's latest action, on April 30, 1974: Referred to House Committee on Banking and Currency.
- Clearing the committees it was referred to, and being scheduled for a floor vote
- Passage by the House
- Passage by the Senate
- The President's signature. If the President vetoes it, two-thirds of both chambers must vote to override.
How likely is it to become law?
Civibrief does not forecast outcomes and this page has no opinion about this one. What the record supports is a base rate, which is a fact about the whole pile, not a prediction about this measure.
In the 93rd Congress (1973-74), 651 of the 23,396 bills and joint resolutions introduced became law, about 2.8 percent. That count covers every measure at every stage, including the many that never left committee.
This one is not there yet: 4 steps are still outstanding, listed above.
Has anyone actually voted on it?
No. No roll call in this Congress cites this measure. That is the ordinary outcome: most measures never reach a recorded floor vote, and a committee ends most of them simply by not acting.
A vote is not the only thing that happens to a measure. Hearings, markups, and referrals are all recorded actions, and none of them is a vote of the full chamber.
Who is behind it?
WILLIAM RANDALL (D-MO) introduced it on April 30, 1974. No cosponsors are recorded.
Cosponsoring is a formal signature on the text. It is not a commitment to vote for the measure, it does not bind anyone's party, and a long list of cosponsors is a measure of attention rather than of prospects.
How long has it been in play?
It was introduced on April 30, 1974, 19126 days ago. The most recent recorded action was 19126 days ago, on April 30, 1974.
Measures do not carry over. Anything the 93rd Congress has not finished by January 3, 1975 dies when the term ends, and has to be introduced again from the start in the next Congress.
Every answer above is assembled from this measure's own record on Congress.gov and from published counts of what Congress has passed before. Civibrief does not predict outcomes and takes no position on any measure.
Vote history
- HouseIn committee, no floor vote yet
- SenateAwaits House passage
- PresidentAwaits both chambers