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HC106 August 15 -Economic Stabilization Act of 1970 passed.
-U61 March 29 -Executive Order 11588 issued establishing the Construction 1974
Industry Stabilization Committee.
DEPT. October 7 -Phase II announced; Cost of Living Council continued, Price
Commission and Pay Board established.
more detailed standards and an extension of the expiration
-Pay Board reconstituted after walk-off of the labor members.
and less than $50 million in sales or revenues exempt from
January 11 - Phase III announced and regulations effective; Cost of Living
Council, Price Commission and Pay Board merged into new
Cost of Living Council.
$250 million in sales.
cost pass-through implemented.
ing on prices for red meat.
petroleum products and crude oil to the Administrator, Fed-
-Expiration of the Economic Stabilization Act, ending author
ity for wage and price controls.