A bill to amend section 426 of title 33, United States Code, for the purpose of authorizing the Army Corps of Engineers to undertake emergency erosion control projects.

Reduces and stabilizes food prices in three separate periods from June 1, 1973, to February 1, 1974, so that it shall be unlawful for any producer, manufacturer, wholesaler or retailer of any raw or processed food product to sell the product at a price higher than the price on January 1, 1972, June 1, 1972, or December 1, 1972, whichever was lowest.

Provides for a 3 percent maximum annual increase in prices.

Permits the President or his delegate to grant exceptions to alleviate or avoid severe financial hardship caused by an act of God.