The Economic Stabilization Act of 1970 (Pub.L. 91-379, 84 Stat. 799, enacted August 15, 1970) was a United States law that authorized the President to stabilize prices, rents, wages, salaries, interest rates, dividends and similar transfers. It established standards to serve as a guide for determining levels of wages, prices, etc., which would allow for adjustments, exceptions and variations to prevent inequities, taking into account changes in productivity, cost of living and other pertinent factors.
Read more about Economic Stabilization Act Of 1970: Background, Duties and Obligations Under This Act, Public Benefits, Challenging The Stabilization Act, Administrative History
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