Enforcement of Price and Rent Controls

Archive Report

Natioanl Emergency Price-Rent Controls

Present provisions of law authorizing federal control of prices, rents and wages expire on next June 30 and no action to renew them has yet been taken in Congress. “Revision and extension of the authority to stabilize prices” was asked by President Truman in his annual message, Jan. 8, and in his economic report, Jan. 12, he said: “Since rents are such a key element in the cost of living, I recommend that the Congress extend and strengthen the rent control law.” At that time, specific proposals to reinforce price controls and to revitalize federal rent controls were promised by mid-February; the White House now says the President's recommendations will be sent to the Capitol before the end of April.1

Meanwhile, dissatisfaction ...

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