A bill to extend and amend the Economic Stabilization Act of 1970.
PL 93-28 (S.398), enacted 04/30/1973

87 STAT. ] 
PUBLIC LAW 93-28-APR. 30, 1973 
27 
Public Law 93-27 
AN ACT 
April 2 7,1973 
To amend the Agricultural Adjustment Act of 1938 with respect to rice. 
[H. R. 6883] 
Be it enacted hy the Senate and House of Representatives 
of the 
Uiiited States'of America in Congress assembled. That section 353 of ^^''^' 
the Agricultural Adjustment Act of 1938 be amended by adding a new metu^.^rarTsfe"." 
subsection (g) to read as follows: 
63 stat. 1059; 
"(g) Notwithstanding any other provision of this Act, if the Secre- ^^7%^*^^i3'53. 
tary determines for 1973 that because of a natural disaster a portion 
of the farm rice acreage allotments in a county cannot be timely 
planted or replanted in such year, he may authorize for such year 
the transfer of all or a part of the rice acreage allotment for any 
farm in the county so affected to another farm in the county or in an 
adjoining county on which one or more of the producers on the farm 
from which the transfer is to be made wall be engaged in the produc-
tion of rice and w411 share in the proceeds thereof, in accordance with 
such regulations as the Secretary may prescribe. Any farm allotment 
transferred under this subsection shall be deemed to be released acre-
age for the purpose of acreage history credits under subsection (e) 
of this section and section 377 of this Act: Provided^ That, notwith- 
^^ |tat. 45^ 
standing the provisions of subsection (e) of this section, the transfer 
7 use 1377. 
of any farm allotment under this subsection shall operate to make 
the farm from which the allotment was transferred eligible for an 
allotment as having rice planted thereon during the five-year base 
period." 
Approved April 27, 1973. 
Public Law 93-28 
AN ACT 
April 30,1973 
To extend and amend the Economic Stal.iUzati(m Act of 1970. 
[s. 398] 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled. That this Act may be O.^WM"""!^*^ A . 
, 
, 
/T-< 
• 
oi 
1 •!• 
• 
t 
4 
T 
p I <->^mi 
Stabilization Act 
Cited as the "Lconomic stabilization Act Amendments ot 1973 . 
Amendments o
f 
1973. 
AUTHORITY TO ALLOCATE PETROLEUM PRODUCTS 
12 u s e 1904 
SEC. 2. (a) The first sentence of section 202 of the Economic Stabili-
zation Act of 1970 is amended by striking out the period at the end ^^ sta^. 7
4
4
^
. 
thereof and inserting in lieu thereof the following: ", and that in order note. 
to maintain and promote competition in the petroleum industry and 
assure sufficient supplies of petroleum products to meet the essential 
needs of various sections of the Nation, it is necessary to provide 
for the rational and equitable distribution of those products." 
(b) The first sentence of section 203 (a) of such Act is amended— 
(1) by striking out "and" at the end of clause (1) ; 
(2) by striking out the period at the end of clause (2) and 
inserting in lieu thereof "; and"; and 
(3) by adding at the end thereof a new clause as follows: 
"(3) provide after public hearing, conducted with such notice, 
under such regulations and subject to such review as the exigencies 
28 
PUBLIC LAW 93-28-APR. 30, 1973 
[87 STAT. 
of the case may, in his judgment, make appropriate for the 
establishment of priorities of use and for systematic allocation of 
supplies of petroleum products including crude oil in order to 
meet the essential needs of various sections of the Nation and to 
prevent anticompetitive effects resulting from shortages of such 
products."' 
DEFINITION OF SUBSTANDARD EARNINGS 
8
5 Stat.^744. 
^g^. -^ Sectiou 203(d) of the Economic Stabilization Act of 1970 is 
note. 
amended by adding at the end thereof the following new sentence: 
"The President shall prescribe regulations defining for the purposes of 
this subsection the term 'substandard earnings', but in no case shall 
such term be defined to mean earnings less than those resulting from 
a wage or salary rate which yields $3.50 per hour or less." 
CLARIFICATION OF AUTHORITY CONFERRED BY ACT 
SEC. 4. Section 203 of the Economic Stabilization Act of 1970 is 
. amended by adding at the end thereof the following new subsection: 
"(j) Nothing in this title may be construed to authorize or require 
the withholding or reservation of any obligational authority provided 
by law 01- of any funds appropriated under such authority.'' 
DEFINITION OF WAGES AND SALARIES 
SEC. 5. Section 203(g) of the Economic Stabilization Act of 1970 is 
amended to read as follows: 
"(g) For the purposes of this title, the term 'wages' and 'salaries' 
do not include reasonable contributions by any employer pui-suant to 
a compensation adjustment for— 
"(1) any pension, profit sharing, or annuity and savings plan 
which meets the requirements of section 401(a), 404(a)(2), or 
404^, "oT. ^°^' 
^03 (b) of the Internal Kevenue Code of 1954 ; 
" (2) any group insurance plan; or 
"(3) any disability and health plan : 
unless the President determines that the contributions for such pur-
j)oses made by any such employer are unreasonably inconsistent with 
the standards for wage, salary, and price increases issued under sub-
section (b) or under any other provision of this title. Employees in 
all industries subject to controls under this title shall be treated 
equally for purposes of this title." 
rUBLIC DISCLOSURE 
85 Stat. 747. 
SEC, 6. Sectiou 205 of the Economic Stabilization Act of 1970 is 
amended— 
(1) by striking "All" and inserting in lieu thereof "(a) Except 
as provided in subsection (b), all"; and 
(2) by adding at the end thereof the following new subsection: 
"(b) (1) Any business enterprise subject to the reporting require-
ments under section 130.21 (b) of the regulations of the Cost of Living 
Council in effect on January 11, 1973, shall make public any report 
87 STAT. ] 
PUBLIC LAW 93-28-APR. 30, 1973 
29 
(except for matter excluded in accordance with paragraph (2)) so 
required which covers a period during which that business enterprise 
charges a price for a substantial product which exceeds by more than 
1.5 per centum the price lawfully in effect for such product on 
January 10, 1973, or on the date twelve months preceding the end of 
such period, whichever is later. As used in this subsection, the term 
"Substantial 
•substantial product' means any single product or service which ^'^° "'^ ' 
accounted for 5 per centum or more of the gross sales or revenues of a 
business enterprise in its most recent full fiscal year. 
"(2) A business enterprise may exclude from any report made 
public pui'suant to paragraph (1) any information or data reported to 
the Cost of Living Council, proprietary in nature, which concerns or 
relates to the amount or sources of its income, profits, losses, costs, oi-
expenditures but may not exclude from such report, data, or informa-
tion, so reported, which concerns or relates to its prices for goods and 
services. 
"(3) Immediately upon enactment of this subsection, the President 
or his delegate shall issue regulations defining for the pui'pose of this 
subsection what information or data are proprietary in nature and 
' 
- ; .; 
therefore excludable under paragraph (2), except that such regula- 
' " 
tions may not define as excludable any information or data which 
cannot currently be excluded from public annual reports to the 
Securities and Exchange Commission pui'suant to section 13 or 15(d) 
of the Securities Exchange Act of 1934 by a business enterprise 
is use 78m, 
exclusively engaged in the manufacture or sale of a substantial product ^*^' 
as defined in paragraph (1). Such regulations shall define as excludable 
any information or data which concerns or relates to the trade secrets, 
processes, opei-ations, style of work, or apparatus of the business 
enterprise." 
AGENCY HEARINGS 
SEC. 7. Section 207(b) of the Economic Stabilization Act of 1970 is 
^s stau ^74j^. 
amended by striking out the period at the end thereof and inserting note, 
the following in lieu thereof: ": Provided^ That such agency shall 
issue no order which has the effect of reducing wages, or salaries m 
.j 
.,_- .. 
effect, or proposed to be put into effect, in an appropriate employee 
unit unless such order is made on the record after opportunity for a 
hearing. Not less than thirty days after issuance of such an order a 
statement of explanation shall be directed to the affected parties and 
made available to the public. Such statement shall include a full 
explanation of the reasons why the existing wage or salary, or pro- 
,.,. 
posed wage or salary adjustment, does not meet the requirements of 
' * 
or the standards established by the regulations prescribed by the 
agency." 
EXTENSION OF ACT 
SEC. 8. Section 218 of the Economic Stabilization Act of 1970 is 
^^ ^*^*- ^^2. 
amended by striking out "April 30, 1973" and "May 1, 1973" and 
inserting in lieu thereof "April 30, 1974" and "May 1, 1974", 
respectively. 
Approved April 30, 1973.