Council on Wage and Price Stability Act
Latest action. public lawWhat a bill becomes when enacted, numbered by Congress and order of enactment: Public Law 119-4 is the 4th law of the 119th Congress.Read the full definition (opens a new tab) 93-387.
(LATEST SUMMARY) Council on Wage and Price Stability Act - Authorizes the President to establish, within the Executive Office of the President, the Council on Wage and Price Stability. Sets forth the membership composition of the Council. Requires the Council to: (1) review and analyze industrial capacity, demand, supply, and the effect of economic concentration and anticompetitive practices and supply in various sectors of the economy; (2) work with labor and management to improve the structure of collective bargaining and the performance of those sectors in restraining prices; (3) conduct public hearings necessary to provide for public scruting of inflationary problems in various sectors of the economy; (4) focus attention on the need to increase productivity in both the public and private sectors of the economy; (5) monitor the economy as a whole; and (6) 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. Requires the Council to report to Congress, through the President, concerning its activities, finding, and recommendations with respect to the containment of inflation and the maintenance of a vigorous and prosperous peacetime economy. Authorizes the appropriation of not in excess of $1,000,000 for fiscal year 1975 to carry out the purposes of this Act.
Written by analysts at the Congressional Research Service and published on Congress.gov, not by Civibrief. Summarized at the "Public Law" stage on August 24, 1974. It describes the bill, it is not the legal text.
Public law 93-387.
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Where is it in the process, and what happens next?
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The record's latest action, on August 24, 1974: Public law 93-387.
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 has no outstanding steps 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?
JOHN SPARKMAN (D-AL) introduced it on August 15, 1974, and 1 member has since signed on as a cosponsor.
They are 1 Republican.
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 August 15, 1974, 19019 days ago. The most recent recorded action was 19010 days ago, on August 24, 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
- SenatePublic law 93-387.
- HouseNot stated in the latest action
- PresidentNot stated in the latest action