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Congress Delays Major Legislation On Rent Controls
Amid talks the Senate Banking Committee moved toward a 15 month extension of rent controls with a 5 to 15 percent rise scheduled at June 30, 1947 base figures and allowed increases every six months. House and Senate bills likely require a joint committee compromise before final passage. Also noted: federal aid debates, social security and military pay bills, and a 75 cent federal minimum wage proposal. Life insurance company real estate holdings estimated at 1.054 billion with 277 million invested last year.
MENTIONED IN THIS ARTICLE
Maybank
D-Sc
Senate Banking Committee
Senate
House
Ways and Means
CIO
Mateantonio
Alp-Ny
New Yorker
Marcantonio
BIG Investment
New York
UNS
The
Institute of Life Insurance