Council on Wage and Price Stability Act
Public Law 93-387 · S. 3919 · 93rd Congress · began in the Senate
Signed by Gerald Ford (R) on Aug 24, 1974 · Economics and Public Finance
Sponsor: Sen. John Sparkman (D-AL)
Cosponsors (1): Sen. Robert Packwood
Passage votesYeaNay
- HouseRecorded vote: 369 yea, 27 nay369–27
- SenateRecorded vote: 83 yea, 3 nay83–3
Data notes
The final version of the law, as each chamber passed it. A chamber that passed it by voice vote or unanimous consent has no count. “Method not stated” means the record does not say how the chamber voted. Where the record has a member-by-member vote, the “Who voted for it” section shows who voted yea.
Summary
The Congressional Research Service’s plain-language summary of what the law does.
Council on Wage and Price Stability Act - Authorizes the President to establish, within the Executive Office of the President, the Council on Wage and Price Stability. Sets forth the membership composition of the Council.
Requires the Council to: (1) review and analyze industrial capacity, demand, supply, and the effect of economic concentration and anticompetitive practices and supply in various sectors of the economy; (2) work with labor and management to improve the structure of collective bargaining and the performance of those sectors in restraining prices; (3) conduct public hearings necessary to provide for public scruting of inflationary problems in various sectors of the economy; (4) focus attention on the need to increase productivity in both the public and private sectors of the economy; (5) monitor the economy as a whole; and (6) review and appraise the various programs, policies, and activities of the departments and agencies of the United States for the purpose of determining the extent to which those programs and activities are contributing to inflation.
Requires the Council to report to Congress, through the President, concerning its activities, finding, and recommendations with respect to the containment of inflation and the maintenance of a vigorous and prosperous peacetime economy.
Authorizes the appropriation of not in excess of $1,000,000 for fiscal year 1975 to carry out the purposes of this Act.
Who voted for it
Every senator of the 93rd Congress on the ideology compass. Highlighted: the 83 who voted yea on final passage. Faded: everyone else, including those who voted nay, did not vote, or had not yet taken office.
83 yea3 nay15 present or did not vote
Democrats who voted yea(49)
- Sen. James AbourezkD-SD
- Sen. Harold HughesD-IA
- Sen. Mike MansfieldD-MT
- Sen. William ProxmireD-WI
- Sen. Gaylord NelsonD-WI
- Sen. Dick ClarkD-IA
- Sen. Lee MetcalfD-MT
- Sen. Howard MetzenbaumD-OH
- Sen. Frank ChurchD-ID
- Sen. William HathawayD-ME
- Sen. Philip HartD-MI
Sen. Ted KennedyD-MA
Sen. Joseph BidenD-DE- Sen. Floyd HaskellD-CO
- Sen. Thomas EagletonD-MO
- Sen. Quentin BurdickD-ND
- Sen. Birch BayhD-IN
- Sen. Stuart SymingtonD-MO
- Sen. Adlai StevensonD-IL
- Sen. Edmund MuskieD-ME
- Sen. Dee HuddlestonD-KY
- Sen. Alan CranstonD-CA
- Sen. Harrison WilliamsD-NJ
- Sen. Frank MossD-UT
- Sen. Abraham RibicoffD-CT
- Sen. Hubert HumphreyD-MN
- Sen. Claiborne PellD-RI
- Sen. Warren MagnusonD-WA
- Sen. Lawton ChilesD-FL
Sen. Robert ByrdD-WV- Sen. Joseph MontoyaD-NM
- Sen. John TunneyD-CA
- Sen. John PastoreD-RI
- Sen. Alan BibleD-NV
- Sen. Jennings RandolphD-WV
- Sen. Thomas McIntyreD-NH
Sen. Daniel InouyeD-HI- Sen. Fritz HollingsD-SC
- Sen. Scoop JacksonD-WA
- Sen. Lloyd BentsenD-TX
- Sen. John JohnstonD-LA
- Sen. Samuel NunnD-GA
- Sen. Herman TalmadgeD-GA
- Sen. Samuel ErvinD-NC
- Sen. John SparkmanD-AL
- Sen. John McClellanD-AR
- Sen. James AllenD-AL
- Sen. James EastlandD-MS
- Sen. Harry ByrdD-VA
Republicans who voted yea(34)
- Sen. Richard SchweikerR-PA
- Sen. Edward BrookeR-MA
- Sen. Jacob JavitsR-NY
- Sen. Charles MathiasR-MD
- Sen. Mark HatfieldR-OR
- Sen. Robert StaffordR-VT
- Sen. James PearsonR-KS
- Sen. Charles PercyR-IL
- Sen. Robert PackwoodR-OR
- Sen. Milton YoungR-ND
- Sen. George AikenR-VT
Sen. Ted StevensR-AK- Sen. John BeallR-MD
- Sen. Hugh ScottR-PA
- Sen. Hiram FongR-HI
- Sen. Robert DoleR-KS
- Sen. Edward GurneyR-FL
- Sen. Howard BakerR-TN
- Sen. Robert TaftR-OH
- Sen. William RothR-DE
- Sen. Peter DominickR-CO
- Sen. Robert GriffinR-MI
- Sen. William BrockR-TN
- Sen. Strom ThurmondR-SC
- Sen. Norris CottonR-NH
- Sen. Dewey BartlettR-OK
- Sen. Roman HruskaR-NE
- Sen. William ScottR-VA
- Sen. John TowerR-TX
- Sen. Carl CurtisR-NE
- Sen. Clifford HansenR-WY
- Sen. Paul FanninR-AZ
- Sen. Jesse HelmsR-NC
- Sen. Barry GoldwaterR-AZ
Data notes
The Senate’s recorded vote on the final version of the law (roll call 947 in Voteview), matched to the vote the record cites and checked against its totals. Positions are each member’s DW-NOMINATE score for that Congress, as on the Ideology page; left to right is more liberal to more conservative. Paired and announced yea votes count as yea. Lists follow the compass, most liberal first. A name links to a profile only for members of the current Congress. A law passed by voice vote or unanimous consent has no member list, and neither does a vote Voteview has not yet recorded.
Committees
The committees the bill was sent to, and what each did with it.
Data notes
A committee links to its page only where it exists in the current Congress; older and renamed committees are named without a link.
Timeline
From introduction to signing, newest first: the committees, the floor and the president. 7 actions.
- Aug 24, 1974Became lawBecame law · Signed by President.
- PresidentPresident · Public law 93-387.
- Aug 22, 1974PresidentPresident · Measure presented to President.
- Aug 20, 1974FloorFloor · Measure passed House in lieu of H.R. 16425, roll call #511 (369-27).House roll call 511
- Aug 19, 1974FloorFloor · Measure passed Senate, amended, roll call #369 (83-3).Senate roll call 369
- Aug 15, 1974CommitteeCommittee · Reported by Senate Banking, Housing, and Urban Affairs Committee
- IntroducedIntroduced · Introduced in the Senate
Data notes
Shows the introduction, each committee and subcommittee step the source dates (referral, hearings, markup, report, discharge), and the floor, conference, presidential and became-law steps. Calendar placements, messages between the chambers, amendments and committee report numbers are not shown for laws before the 108th Congress. Two entries the source lists twice are shown once.
Official record
The bill’s full text and every action, including introduction and committee steps, are on Congress.gov. Data through Oct 7, 2026.