Page:United States Statutes at Large Volume 89.djvu/1008

 89 STAT. 948

PUBLIC LAW 94-163—DEC. 22, 1975 "LIMITATIONS ON PRICING AUTHORITY

15 USC 759.

"SEC. 10. The President shall have no authority, under this Act, or under the Energy Policy and Conservation Act, to prescribe minimum prices for crude oil (or any classification thereof), residual fuel oil, or any refined petroleum product.". ENTITLEMENTS

SEC. 403. (a) Section 4 of the Emergency Petroleum Allocation 15 USC 753. Act of 1973, as amended by this Act, is further amended by adding at the end thereof the following: "(e) Any provision of the regulation under subsection (a) of this section— "(1) which requires the purchase of entitlements, or the payment of money through any other similar cash transfer arrangement, the purpose of which is to reduce disparities in the crude oil acquisition costs of domestic refiners, and "(2) which is based upon the number of barrels of crude oil input, or receipts, or both, of any refiner, shall not apply to the first 50,000 barrels per day of input, or receipts, or both, of any refiner whose total refining capacity (including the refining capacity of any person who controls, is controlled by, or is under common control with such refiner) did not exceed on January 1, 1976, and does not thereafter exceed 100,000 barrels per day. The preceding sentence shall not affect any provisions of the regulation under subsection (a) of this section with respect to the receipt by any small 15 USC 752. refiner as defined in section 3(4) of payments for entitlements or any other similar cash transfer arrangement.". Effective date. (b) Subsection (a) of this section shall apply with respect to pay15 USC 753 note, ments due on or after the last day of the month during which the date of enactment of this Act occurs. PART B—OTHER AMENDMENTS TO THE ALLOCATION ACT AMENDMENTS TO THE OBJECTIVES OF THE ALLOCATION ACT

SEC. 451. (a) Section 4(b)(1)(A) of the Emergency Petroleum Allocation Act of 1973 is amended to read as follows: "(A) protection of public health (including the production of pharmaceuticals), safety and welfare (including maintenance of residential heating, such as individual homes, apartments and similar occupied dwelling units), and the national defense;". (b) Section 4(b)(1)(G) of the Emergency Petroleum Allocation Act of 1973 is amended to read as follows: " (G) allocation of residual fuel oil and refined petroleum products in such amounts and in such manner as may be necessary for the maintenance of, exploration for, and production or extraction of— "(i) fuels, and "(ii) minerals essential to the requirements of the United States, and for required transportation related thereto;". P E N A L T I E S U N D E R THE ALLOCATION

15 USC 754.

ACT

SEC. 452. Section 5 of the Emergency Petroleum Allocation Act of 1973 is amended:

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