S.398 - A bill to extend and amend the Economic Stabilization Act of 1970.93rd Congress (1973-1974)
|Sponsor:||Sen. Sparkman, John J. [D-AL] (Introduced 01/16/1973)|
|Committees:||Senate - Banking, Housing, and Urban Affairs | House - Banking|
|Committee Reports:||S.Rept 93-63; H.Rept 93-148|
|Latest Action:||04/30/1973 Public law 93-28. (All Actions)|
|Roll Call Votes:||There have been 3 roll call votes|
This bill has the status Became Law
Here are the steps for Status of Legislation:
- Passed Senate
- Passed House
- Resolving Differences
- To President
- Became Law
Summary: S.398 — 93rd Congress (1973-1974)All Information (Except Text)
Public Law No: 93-28 (04/30/1973)
Gives authority to the President, after public hearings, to set priorities of use and systematic allocation of petroleum products.
Changes the regulatory definition of the "working poor" from those earning $2.75 per hour to those earning $3.50 per hour.
Establishes that the Economic Stabilization Act does not authorize the President to withhold or reserve any obligational authority or any funds appropriated under such authority.
Requires business enterprises making price reports to make such reports public if the price increase is more than 1.5 percent over the price lawfully in effect for such product on January 11, 1973.