[COMMITTEE PRINT] OPEC'S PROPOSAL TO PEG THE PRICE OF SUBCOMMITTEE ON ECONOMIC STABILIZATION OF THE COMMITTEE ON BANKING, FINANCE AND URBAN AFFAIRS SEPTEMBER 1977 Printed for the use of the Committee on Banking, Finance and Urban Affairs DEPOSITORY The report has not been officially adopted by the Subcommittee on Economic Stabilization and may not therefore necessarily reflect the views if its members. HOUSE COMMITTEE ON BANKING, FINANCE AND URBAN AFFAIRS HENRY S. REUSS, Wisconsin, Chairman THOMAS L. ASHLEY, Ohio FRANK ANNUNZIO, Illinois JAMES M. HANLEY, New York District of Columbia STEPHEN L. NEAL, North Carolina PAUL E. TSONGAS, Massachusetts CLIFFORD ALLEN, Tennessee NORMAN E. D'AMOURS, New Hampshire STANLEY N. LUNDINE, New York HERMAN BADILLO, New York EDWARD W. PATTISON, New York MARY ROSE OAKAR, Ohio JIM MATTOX, Texas BRUCE F. VENTO, Minnesota J. WILLIAM STANTON, Ohio JOHN H. ROUSSELOT, California STEWART B. MCKINNEY, Connecticut GEORGE HANSEN, Idaho HENRY J. HYDE, Illinois RICHARD KELLY, Florida CHARLES E. GRASSLEY, Iowa MILLICENT FENWICK, New Jersey NEWTON I. STEERS, JR., Maryland HAROLD C. HOLLENBECK, New Jersey LETTER OF TRANSMITTAL U.S. HOUSE OF REPRESENTATIVES, Hon. HENRY S. REUSS, Chairman, Committee on Banking, Finance and Urban Affairs, Rayburn House Office Building, Washington, D.C. DEAR MR. CHAIRMAN: Enclosed for your consideration is a report prepared by the Congressional Research Service of The Library of Congress for the Subcommittee on Economic Stabilization entitled, "OPEC's Proposal To Peg the Price of Oil Exports to Special Drawing Rights," August 22, 1977. This study was done at the request of the Subcommittee in connection with its continuing investigation of activities and decisions that might affect the problem of inflation within the United States. It is suggested that this study be made available for reading for Congress and the public. The views and conclusions stated in the report do not necessarily represent those of the Subcommittee on Economic Stabilization or of any individual members. Sincerely, WILLIAM S. MOORHEAD, Chairman. |