Description: TO SUSPEND THE RULES AND PASS H.R. 16425, PROVIDING FOR THE MONITORING OF THE ECONOMY.
Bill summary: Anti-Inflation Act - Authorizes the President to establish, within the Executive Office of the President, a Cost of Living Task Force to: (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, costs, productivity, prices, sales, profits, imports, exports, and interest rates, and rents; (7) review the programs and activities of Federal departments and agencies and the private sector which may decrease supply and increase prices; and (8) evaluate the inflationary effects of international transactions.
Authorizes to be appropriated $1,000,000 for fiscal year 1975 to carry out the purposes of this Act.
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Bill titles: A bill to provide for the monitoring of the economy.
Original source documents: Digest of the Congressional Record vol. 120-127, p. H8636;
Links for more info on the vote: congress.gov