Date: December 13, 1973
Subject: "Windfall" Profits Hearings
Description: Broyhill (R-NC) amendment to the pending Staggers (D-WV) amendment, to delete the following provisions: provide for hearings by the Renegotiation Board with judicial review to protect against windfall profits; to permit the President to restrict unreasonable profits in the oil and coal industries; and to require him to propose legislation to further regulate excess profits and provide incentive to industry to invest profits in fuel research and exploration.
Result: Amendment Rejected, 188-213
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