Price-Control Law In Wartime Upheld

1944

In Yakus v. U.S., the U.S. Supreme Court considers the constitutionality of the Emergency Price Control Act, which Congress passed during World War II to battle inflation. The law established an Office of Price Administration, which had the power to limit the prices of certain goods. A seller could challenge a price as too low within 60 days of its determination and could appeal any adverse ruling to an emergency Court of Appeals. The Court rules that this procedure meets the Fifth Amendment’s due process standard because the 60-day challenge period and the appeals procedure provide safeguards against unfair decisions.