A bill to provide authority for the President to stabilize prices, wages, interest rates, and corporate dividends.
Economic Stabilization Act of 1987 - Authorizes the President, through FY 1991, to issue such orders and regulations as may be deemed appropriate to stabilize prices, rents, wages, salaries, and profits at levels not less than those prevailing on January 1, 1987, and to stabilize interest rates and corporate dividends and similar transfers at levels consistent with orderly economic growth.
Establishes a $25,000 maximum fine for, and provides for injunctive relief from, violations of any such orders.
Introduced in House
Introduced in House
Referred to House Committee on Banking, Finance and Urban Affairs.
Referred to Subcommittee on Economic Stabilization.
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