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The views expressed herein are those of the individual authors and do not neces-
sarily reflect the position of the United States Government or any agency thereof.

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For sale by the Superintendent of Documents, U.S. Government Printing Office
Washington, D.C. 20402 - Price $7.55 (paper c

Washington, D.C. 20402 - Price $7.55 (paper ccver)
Stock Number 4800-00261

Library of Congress Card Catalog Number 74-600193






August 15

-Economic Stabilization Act of 1970 passed.

March 29

August 15

October 7

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-Executive Order 11588 issued establishing the Construction 1974

Industry Stabilization Committee.

-Freeze I regulations announced and effective; Cost of Living
Council established.

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-Phase II announced; Cost of Living Council continued, Price DEPT.
Commission and Pay Board established.

November 13-Phase II regulations effective.

December 22-Economic Stabilization Act Amendments of 1971 passed with more detailed standards and an extension of the expiration date to April 30, 1973.

March 23
May 1

-Pay Board reconstituted after walk-off of the labor members.
-Small business exemption. Firms with 60 or fewer employees
and less than $50 million in sales or revenues exempt from
controls, except those in construction and health care industry.

January 11 -Phase III announced and regulations effective; Cost of Living
Council, Price Commission and Pay Board merged into new
Cost of Living Council.

March 6

March 29

April 30

May 2

June 13
July 18

July 19
August 12

August 19

-Recontrol of the Petroleum industry.

-Ceiling imposed on prices for red meat.

-Extension of Economic Stabilization Act to April 30, 1974.
-Reinstitution of prenotification requirements for firms with
$250 million in sales.

-Freeze II regulations announced and effective.

-Stage A of the food regulations effective-raw agricultural
cost pass-through implemented.

-Phase IV regulations issued for public comment.

-Phase IV regulations effective except for petroleum and food.
-Petroleum regulations effective except for retailer.

September 7 -Retail portion of petroleum regulations effective.

September 10-Stage B of the food regulations effective-termination of ceiling on prices for red meat.

October 25

-Sector-by-sector decontrol begins with exemption of fertilizer. December 26-Delegation of price stabilization authority with respect to petroleum products and crude oil to the Administrator, Federal Energy Office.

April 30

-Expiration of the Economic Stabilization Act, ending author-
ity for wage and price controls.


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