Public Law 94–99

Section 1. short title

This Act may be cited of the “Emergency Petroleum Allocation Act of 1975”.

Sec. 2. extension of mandatory allocation program

Section 4(g) (1) of the Emergency Petroleum Allocation Act of 1973 is amended by striking out “August 31, 1975,” wherever

15 USC 753.

it appears and inserting in lieu thereof “November 15, 1975,”.

Sec. 3.

It is the intent of the Congress that the regulations promulgated

Effective date.

15 USC 753 note.

15 USC 751 note.

under the Emergency Petroleum Allocation Act of 1973 shall be effective for the period between August 31, 1975, and the date of enactment of this Act.

Sec. 4.

The purpose of this limited extension of the Emergency

15 USC 753 note.

Petroleum Allocation Act is to provide Congress and the Executive adequate time and opportunity to reach mutual agreement on a long-term petroleum pricing policy. During the period of this extension it is the intent of the Congress that the status quo shall be maintained and the President shall institute no major change in petroleum pricing policy under section 4(g)(2) of the Act prior to November 1, 1975. Any adjustment the President may make in price shall be in accord with his policy on inflation impact statements and economic justification set forth in Executive Order Numbered 11821

12 USC 1904 note.

and in Circular Numbered A–107, January 28, 1975, Office of Management and Budget.

Sec. 5.

Any Senate resolution to disapprove a Presidential decontrol

15 USC 753 note.

proposal submitted under section 4(g) (2) shall be immediately placed upon the Senate legislative calendar and any motion by the Majority Leader or his designee thereafter to proceed to the consideration of such disapproval resolution shall be decided without debate and by majority vote; and within forty-eight hours after the disapproval resolution is made the pending business or sooner if otherwise ordered by the Senate, the Chair shall direct the Clerk to call the roll on the final disposition of the disapproval resolution without any further debate or intervening motion, any other rule or provision of law notwithstanding.