Page:United States Statutes at Large Volume 87.djvu/60

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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

85 Stat.^744. note.

EARNINGS

^g^. -^ Section 203(d) of the Economic Stabilization Act of 1970 is 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 A N D SALARIES

404^, "oT. ^°^'

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 pursuant 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 ^03 (b) of the Internal Revenue Code of 1954; " (2) any group insurance plan; or "(3) any disability and health plan: unless the President determines that the contributions for such purposes made by any such employer are unreasonably inconsistent with the standards for wage, salary, and price increases issued under subsection (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." r U B L I C DISCLOSURE

85 Stat. 747.

SEC, 6. Section 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 requirements 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

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