Emergency Price Control Act of 1942

Emergency Price Control Act of 1942
Long title	An Act to further the national defense and security by checking speculative and excessive price rises, price dislocations, and inflationary tendencies, and for other purposes.
Acronyms (colloquial)	EPCA
Enacted by	the 77th United States Congress
Effective	January 30, 1942
Citations
Public law	Pub. L.Tooltip Public Law (United States) 77–421
Statutes at Large	56 Stat. 23
Codification
Titles amended	50 U.S.C.: War and National Defense
U.S.C. sections created	50a U.S.C. § 901
Legislative history
	Introduced in the House as H.R. 5990 by Henry B. Steagall (D-AL) on November 7, 1941; Committee consideration by House Banking and Currency and Senate Banking, Housing, and Urban Affairs; Passed the House on November 28, 1941 (224-161); Passed the Senate on January 10, 1942 (84-1); Reported by the joint conference committee on January 10, 1942; agreed to by the House on January 26, 1942 (289-114) and by the Senate on January 27, 1942 (65-14); Signed into law by President Franklin D. Roosevelt on January 30, 1942;
Major amendments
	Stabilization 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 independent agency being officially created by Franklin D. Roosevelt on April 11, 1941.^[1]

The H.R. 5990 legislation was passed by the 77th U.S. Congressional session and enacted into law by Franklin D. Roosevelt on January 30, 1942.^[2]

^ Peters, Gerhard; Woolley, John T. "Franklin D. Roosevelt: "Executive Order 8734 Establishing the Office of Price Administration and Civilian Supply.," April 11, 1941". The American Presidency Project. University of California, Santa Barbara.
^ Roosevelt, Franklin D. (January 30, 1942). "Statement by the President on Signing the Emergency Price Control Act - January 30, 1942". Internet Archive. Washington, D.C.: National Archives and Records Service. pp. 67–73.