Emergency Price Control Act of 1942
E45288
The Emergency Price Control Act of 1942 was a World War II-era U.S. law that authorized federal controls over prices and rents to curb inflation and stabilize the economy during wartime.
Aliases (2)
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal statute
→
wartime economic control law → |
| aimedAt |
maintaining civilian access to essential goods
→
supporting the war effort through economic stability → |
| amendedBy | Stabilization Extension Act of 1944 → |
| appliesTo |
prices of commodities
→
rents of housing accommodations → services related to defense production → |
| authorized |
federal price controls
→
federal rent controls → rationing of scarce commodities → |
| constitutionalBasisClaimed |
Commerce Clause
→
surface form: "Commerce Clause of the U.S. Constitution"
|
| containsProvision |
administrative review procedures
→
enforcement mechanisms for price regulations → judicial review of regulations in special courts → treble-damage civil actions by buyers against violators → |
| country |
United States of America
→
surface form: "United States"
|
| created | Office of Price Administration → |
| empowered | Office of Price Administration → |
| enactedBy | 77th United States Congress → |
| expiration | post–World War II period → |
| grantedPower |
to issue rationing regulations
→
to regulate residential rents in defense areas → to set maximum prices for many goods and services → |
| historicalContext | home front economic mobilization in the United States → |
| impact |
expanded federal role in economic regulation
→
limited price increases for many consumer goods → |
| jurisdiction |
United States government
→
surface form: "federal government of the United States"
|
| legalBasisFor |
civil and criminal penalties for price violations
→
wartime price ceilings → wartime rent ceilings → |
| opposedBy | some business groups → |
| purpose |
to prevent wartime inflation
→
to protect consumers from price gouging → to stabilize prices during World War II → to stabilize rents during World War II → |
| relatedTo |
Second War Powers Act of 1942
→
Emergency Price Control Act of 1942 →
surface form: "Stabilization Act of 1942"
|
| shortTitle |
Emergency Price Control Act of 1942
→
surface form: "Emergency Price Control Act"
|
| signedBy |
President Franklin D. Roosevelt
→
surface form: "Franklin D. Roosevelt"
|
| signingDate | January 30, 1942 → |
| subjectOf | Supreme Court case Yakus v. United States → |
| supersededBy | postwar housing and rent control legislation → |
| supportedBy |
Roosevelt administration
→
many consumer organizations → |
| timePeriod | World War II → |
| upheldIn |
Supreme Court case Yakus v. United States
→
surface form: "Yakus v. United States (1944)"
|
| yearOfEnactment | 1942 → |
Referenced by (4)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form: "Stabilization Act of 1942"
this entity surface form: "Emergency Price Control Act"