Word: congress
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Dates: during 1970-1979
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...inactivity and Ralph Nader's Raiders ridiculed as "the little old lady on Pennsylvania Avenue." Established in 1914, the FTC for most of its history was a largely ineffective agency that rarely used its powers to curb deceptive advertising and to press antitrust cases. In 1975, however, Congress broadened the commission's mandate to investigate and regulate whole industries rather than just individual companies...
...Congress, though, is determined to yank some of the FTC's teeth. The House Commerce Committee voted to give Congress a veto power over all commission regulations. This would be the first time that any federal regulator had been so controlled. By a lopsided 223 to 147 vote, the House two weeks ago recommended canceling commission plans to force undertakers to disclose their prices fully and in advance. Representative Bill Frenzel of Minnesota suggested that every FTC staff member and all five commissioners "should spend 20 years at hard labor filling in their own asinine forms." The Senate Commerce...
...Clanton, one of the five FTC commissioners: "The trouble with the pendulum swinging the other way is that you knock out all the good stuff as well as chastising us where we need to be chastised." But when the final votes are taken on the various committee measures, Congress's antiregulatory mood is sure to result in a less powerful and less controversial...
...impose wage and price controls, promises to restrict the growth of the money supply, and vaguely calls for a two-year "moratorium" on the issuing of new regulations. He supports a constitutional amendment that would require a balanced budget unless a deficit is approved by two-thirds of Congress. To stimulate saving and investment, he would exempt from taxation at least some savings interest payments and would favor faster write-offs of plant and equipment...
...solve the problems of toxic substances. Then there is a whole series of new environmental issues." Among them: sodium from the salt used during the winter on Midwestern roads, which drains into the lakes and may be an important element in feeding the undesirable blue-green algae. Also, Congress is considering extending winter navigation on the lakes...