THE CONGRESS: Going, Going ...

Price control by OPA was never deader than in the bill which finally reached the Senate floor this week.

A Banking & Currency Committee majority had done the job. Its bill abolished all ceilings on meat, livestock, dairy and poultry products, boosted the lid on clothing, household appliances, automobiles and farm machinery, and eased controls over restaurant meals and hotel rents.

It called for a three-man Price Decontrol Board with the power to override OPA and cancel price regulations on any commodity. As a kicker, the Secretary of Agriculture could increase the price of farm products without consulting OPA. Under these terms,...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!