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

HC
110

.w24
A45
V.I

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

-Executive Order 11588 issued establishing the Construction
Industry Stabilization Committee.

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

-Phase II announced; Cost of Living Council continued, Price
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 authority for wage and price controls.