An Act to amend the Council on Wage and Price Stability Act to extend its termination date, and for other purposes.
PL 95-121 (H.R.6951), enacted 10/06/1977

PUBLIC LAW 95-121—OCT. 6, 1977 
91 STAT. 1091 
Public Law 95-121 
95th Congress 
An Act 
To amend the Council on Wage and Price Stability Act to extend its termination 
date, and for other purposes. 
Be it enacted hy the Senate and House of Representatives of the 
United States of America in Congress assembled^ That section 7 of 
the Council on Wage and Price Stability Act is amended by striking 
out "September 30,1977" and inserting in lieu thereof "September 30, 
1979". 
SEC. 2. Section 6 of the Council on Wage and Price Stability Act 
is amended by inserting "not to exceed $2,210,000 for the fiscal year 
ending September 30, 1978, and not to exceed $2,210,000 for the fiscal 
year ending September 30,1979," immediately after "October 1,1977,". 
SEC. 3. Section 3(a) (5) of the Council on Wage and Price Stability 
Act is amended by inserting "and focus attention on the need to move 
toward full employment" immediately before the semicolon. 
SEC. 4. Section 3(a) (4) of the Council on Wage and Price Stability 
Act is amended by inserting "for the purpose of controlling inflation" 
immediately before the semicolon. 
SEC. 5. Subsection (a) of section 3 of the Council on Wage and 
Price Stability Act is amended— 
(1) by striking out "and" at the end of paragraph (7); 
(2) by striking out the period at the end of paragraph (8) and 
inserting in lieu thereof "; and"; and 
(3) by adding at the end thereof the following new paragraph: 
"(9) review information about and analyze the effects on the 
United States economy of— 
" (A) the participation of the United States in international 
trade and commerce; 
"(B) the changing patterns of supplies and prices of com-
modities in the world market; 
"(C) the investment of United States capital in foreign 
countries; 
"(D) short- and long-term weather changes in the world; 
"(E) interest rat^; 
"(F) capital formation; and 
"(G) the changing patterns of world energy supplies and 
prices.". 
Oct. 6, 1977 
[H.R. 6951] 
Council on Wage 
and Price 
Stability Act, 
amendment. 
12 u s e 1904 
note. 
Appropriation 
authorization. 
12 u s e 1904 
note. 
Council duties. 
12 u s e 1904 
note. 
91 STAT. 1092 
PUBLIC LAW 95-121—OCT. 6, 1977 
SEC. 6. Section 4(f) of the Council on Wage and Price Stability 
12 use 1904 
Act is amended— 
°°t®- 
(1) by inserting in paragraph (1) after "section 2 ( g ) " the 
following: "or submitted voluntarily pursuant to a Council request 
and judged by the Council to be confidential information"; 
Data 
(2) by striking out all that follows "United States Code" in 
f-^"l"***"°' 
paragraph (1) and inserting in lieu thereof a period and the fol-
lowing sentence: "Neither the Director nor any member of the 
Council may permit anyone other than sworn officers, members, 
and employees of the Council to examine such data."; and 
(3) by insei-ting after "section 2 ( g ) " in paragraph (2) the 
following: "or submitted voluntarily pureuant to a Council 
request". 
Approved October 6, 1977. 
limitation. 
LEGISLATIVE HISTORY: 
HOUSE REPORT No. 95-316 (Comm. on Banking, Finance and Urban Affairs). 
SENATE REPORT No. 95-408 accompanying S. 2056 (Comm. on Banking, Housing 
and Urban Affairs). 
CONGRESSIONAL RECORD, Vol. 123 (1977): 
Sept. 21, S. 2056 considered and passed Senate. 
Sept. 30, Oct. 3, considered and passed House. 
Oct. 4, considered and passed Senate, in lieu of S. 2056.