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Economic Stabilization Act of 1970

The Economic Stabilization Act of 1970 (Title II of Pub. L. 91–379, 84 Stat. 799, enacted August 15, 1970, formerly codified at 12 U.S.C. § 1904) was a United States law that authorized the President to stabilize prices, rents, wages, salaries, interest rates, dividends and similar transfers as part of a general program of price controls within the American domestic goods and labor marke

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Electricity pricing

Electricity pricing (also referred to as electricity tariffs or the price of electricity) can vary widely by country or by locality within a country. Electricity prices are dependent on many factors, such as the price of power generation, government taxes or subsidies, CO2 taxes, local weather patterns, transmission and distribution infrastructure, and multi-tiered industry regulation. T

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Emergency Price Control Act of 1942

The Emergency Price Control Act of 1942 is a United States statute imposing an economic intervention as restrictive measures to control inflationary spiraling and pricing elasticity of goods and services while providing economic efficiency to support the United States national defense and security. The Act of Congress established the Office of Price Administration (OPA) as a federal inde

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Fixed price

A fixed price is a price designated for a good or a service that is neither subject to bargaining nor bartering. The price may be fixed since the seller has placed it, or given that the price is managed by the authorities under price regulation. Fixed prices may also refer to swaps whereby payments are determined upon a never-ending interest rate, if not referring to negotiated price poi

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Hoarding (economics)

Hoarding is by definition the action of storing or hiding treasure. Word root is derived from french, german, and english.

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Inclusionary zoning

Inclusionary zoning (IZ) is a type of urban planning intervention with the aim of increasing the supply of affordable housing. It is sometimes enacted through a local ordinance or development plan requiring (or providing incentives for) a percentage of units in real estate development be affordable by people with low to moderate incomes.

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Incomes policy

Incomes policies in economics are economy-wide wage and price controls, most commonly instituted as a response to inflation, and usually seeking to establish wages and prices below free-market level. Incomes policies have often been resorted to during wartime. During the French Revolution, "The Law of the Maximum" imposed price controls (by penalty of death) in an unsuccessful attempt to

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Munn v. Illinois

Munn v. Illinois, 94 U.S. 113 (1877), was a United States Supreme Court case in which the Court upheld the power of state governments to regulate private industries that affected with the public interest.

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Office of Price Administration

The Office of Price Administration (OPA) was established within the Office for Emergency Management of the United States government by Executive Order 8875 on August 28, 1941. The functions of the OPA were originally to control money (price controls) and rents after the outbreak of World War II.

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Price ceiling

A price ceiling or price cap is a government- or group-imposed price control, or limit, on how high a price is charged for a product, commodity, or service. Governments impose price ceilings to protect consumers from conditions that could make commodities prohibitively expensive. Economists generally agree that consumer price controls do not accomplish what they intend to in market econo

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Price controls

Price controls are restrictions set in place and enforced by governments, on the prices that can be charged for goods and services in a market. The intent behind implementing such controls can stem from the desire to maintain affordability of goods even during shortages, and to slow inflation, or alternatively to ensure a minimum income for providers of certain goods or to try to achieve

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Price floor

A price floor is a government- or group-imposed price control or limit on how low a price can be charged for a product, good, commodity, or service. It is one type of price support; other types include supply regulation and guarantee government purchase price. A price floor must be higher than the equilibrium price in order to be effective. The equilibrium price, commonly called the "mar

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Rent control in the United States

In the United States, rent control refers to laws or ordinances that set price controls on the rent of residential housing to function as a price ceiling. More loosely, "rent control" describes several types of price control:

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Tuition freeze

Tuition freeze is a government policy restricting the ability of administrators of post-secondary educational facilities (i.e. colleges and universities) to increase tuition fees for students. Although governments have various reasons for implementing such a policy, the main reason cited is improving accessibility for working- and middle-class students. A tuition fee freeze is a common p

Finance

United States Senate Committee on Banking, Housing, and Urban Affairs

The United States Senate Committee on Banking, Housing, and Urban Affairs (formerly the Committee on Banking and Currency), also known as the Senate Banking Committee, has jurisdiction over matters related to banks and banking, price controls, deposit insurance, export promotion and controls, federal monetary policy, financial aid to commerce and industry, issuance of redemption of notes