Preface..

CONTENTS

Page

IX

CHAPTER 1. THE 90-DAY FREEZE.

Goals of the Freeze.

Organizational Framework.

Legal Basis.

Litigation.

Freeze Principles..

Major Policy Decisions.

CHAPTER 2. FREEZE POLICY IMPLEMENTATION..

The Office of Emergency Preparedness.

CHAPTER 3. POST FREEZE PERIOD...

Planning for Phase II.

Goals of the Postfreeze Program..

1

1

1

4

5

5

6

10

10

23

23

25

Executive Compensation Committee..

Committee on Interest and Dividends.

Committee on State and Local Government

80

1. Economic Stabilization Act of 1970 (Public Law 91-

379), August 15, 1970.....

109

2. President's Statement and Executive Order No. 11588,

March 29, 1971....

111

3. Presidential Address, August 15, 1971..

115

4. Executive Order No. 11615, August 17, 1971.

119

Page

EXHIBIT 5. Executive Order No. 11617, September 2, 1971....

6. Cost of Living Council Order No. 1, August 17, 1971...
7. Cost of Living Council Order No. 2, August 17, 1971..
8. Office of Emergency Preparedness, Delegation Order
No. 1, August 19, 1971.....

121

121

122

122

9. Office of Emergency Preparedness Economic Stabiliza-
tion Regulation No. 1, August 20, 1971... . . .
10. Presidential Address to Joint Session of Congress,
September 9, 1971..

123

127

11. Presidential Remarks, October 7, 1971.

132

12. Executive Order No. 11627, October 15, 1971...

135

13. Amendments to Executive Order No. 11627, October
30 and November 22, 1971...

140

14. Cost of Living Council Orders Nos. 3 and 4, October
15, 1971....

141

15. Cost of Living Council Order No. 5, November 13,
1971....

142

144

16. Economic Stabilization Act Amendments of 1971
(Public Law 92-210), December 22, 1971.....
17. White House Press Release announcing appointment
of the members of the Pay Board and Price Com-
mission, October 22, 1971... .

18. White House Press Release announcing the appoint-
ment of members of the Committee on State and
Local Government Cooperation, November 10,
1971.....

19. White House Press Release announcing the appoint-
ment of the members of the Health Services Industry
Committee, November 10, 1971....

20. White House Press Release announcing the appoint-
ment of the members of the Rent Advisory Board,
November 23, 1971, with amendment dated Decem-
ber 23, 1971... .

21. Pay Board Press Release announcing the appointment
of the members of the Committee on Executive
Compensation, December 7, 1971....

156

159

160

163

164

FIGURE

1. Wage-Price Freeze Organization of the Cost of Living
Council....

2

2. Wage-Price Freeze Organization for the Economic
Stabilization Program..

3. Office of Emergency Preparedness-Organization for
Economic Stabilization Activities. .

3

12

4. OEP Regional Office Organization for Price-Wage
Freeze...

15

5. Postfreeze Organization of the Economic Stabilization
Program...

6. Price and Wage Classification by Reporting Cate-
gories..

26

330

7. Price Stabilization Coverage-Percent of Consumer
Price Index. .

8. Postfreeze Organization of the Cost of Living Council.
9. Internal Revenue Service-Organization of the Office
of the Assistant Commissioner (Stabilization)
10. Volume of Inquiries Received-Phase I....
11. Volume of Inquiries Received-Phase II.

12. Volume of Complaints of Violations-Phase I..
13. Volume of Complaints of Violations-Phase II...
14. Total Number of Compliance Checks Made by the
Internal Revenue Service.

42

43

44

15. Internal Revenue Service-Chart I-Distribution of
Applications for Exception/Exemption by Cate-
gory-Noncumulative

16. Internal Revenue Service-Distribution of Applications
for Exception/Exemption by Category-Cumulative.

17. Organization of the Price Commission.

18. Price Commission-Activation Manpower Startup
Level of Effort....

19. Exception Requests Received by Price Commission...
20. Organization of the Pay Board . . . . .

21. Bond Yields and Other Interest Rates-Freeze and
Postfreeze Periods.....

22. Changes in Consumer Prices-1971

23. Prices During 1971.....

24. Changes in Wholesale Prices-1971..