Resolution expressing the sense of the Senate disapproving the recent steel price increase.

Requests the Council on Wage and Price Stability to hold hearings on both the price increases announced by United States Steel and price increases that have been put into effect by other steel producers since July 1, 1974.

Directs the President to use the full power of his office to roll back the totally unjustified and unconscionable increases in steel prices announced by the United States Steel Corporation.