Page:United States Statutes at Large Volume 85.djvu/775

 85 STAT. ]

PUBLIC LAW 92-210-DEC. 22, 1971

745

(A) related to such wage or salary, and (B) was executed prior to August 15, 1971, unless the President determines that the increase provided in such contract is unreasonably inconsistent with the standards for wage and salary increases published under subsection (b). "(2) The President shall promptly take such action as may be necessary to permit the payment of any wage or salary increase (including any insurance or other fringe benefit offered in connection with an employment contract) which (A) was agreed to in an employment contract executed prior to August 15, 1971, (B) was scheduled to take effect prior to November 14, 1971, and (C) was not paid as a result of orders issued under this title, unless the President determines that the increase provided in such contract is unreasonably inconsistent with the standards for wage and salary increases published under subsection (b). " (3) I n addition to the payment of wage and salary increases provided for under paragraphs (1) and (2), beginning on the date on which this subsection takes effect, the President shall promptly take such action as may be necessary to require the payment of any wage or salary increases (including any insurance or other fringe benefits offered m connection with employment) which have been, or in the absence of this subsection would be, withheld under the authority of this title, if the President determines that— (A) such increases were provided for by law or contract prior to August 15, 1971; and (B) prices have been advanced, productivity increased, taxes have been raised, appropriations have been made, or funds have otherwise been raised or provided for in order to cover such increases. " (d) Notwithstanding any other provisions of this title, this title substandard shall be implemented in such a manner that wage increases to any ^^8^^individual whose earnings are substandard or who is a member of the working poor shall not be limited in any manner, until such time as his earnings are no longer substandard or he is no longer a member of the working poor. "(e) Whenever the authority of this title is implemented with respect to significant segments of the economy, the President shall require the issuance of regulations or orders providing for the stabilization of interest rates and finance charges, unless he issues a determination, accompanied by a statement of reasons, that such regulations or orders are not necessary to maintain such rates and charges at levels consonant with orderly economic growth. "(f) The authority conferred by this section shall not be exercised to Limitation. preclude the payment of any increase in wages— "(1) required under the Fair Labor Standards Act of 1938, as amended, or effected as a result of enforcement action under such ^^ Stat. loeo. Act; or ^ ^ 29 USC 201. "(2) required in order to comply with wage determinations made by any agency in the executive branch of the Government pursuant to law for work (A) performed under contracts with, or to be performed with financial assistance from, the United States or the District of Columbia, or any agency or instrumentality thereof, or (B) performed by aliens who are immi-

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