Page:United States Statutes at Large Volume 89.djvu/541

 PUBLIC LAW 94-99—SEPT. 29, 1975

89 STAT. 4fil

Public Law 94-99 94th Congress An Act To extend the Emergency Petroleum Allocation Act of 1973.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SHORT TITLE

1. This Act may be cited as the "Emergency Petroleum Allocation Act of 1975". SECTION

Sept. 29, 1975 [H.R. 9524] Emergency Petroleum Allocation Act of 1975. 15 USC 751 note.

EXTENSION OF MANDATORY ALLOCATION PROGRAM

SEC. 2. Section 4(g)(1) of the Emergency Petroleum Allocation Act of 1973 is amended by striking out "August 31, 1975," wherever it appears and inserting in lieu thereof "November 15, 1975,". SEC. 3. It is the intent of the Congress that the regulations promulgated 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 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 m Executive Order Numbered 11821 and in Circular Numbered A-107, January 28, 1975, Office of Management and Budget. SEC. 5. Any Senate resolution to disapprove a Presidential decontrol 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-ei^ht hours after the disapproval resolution is made the pending business or sooner if

15 USC 753. Effective date, 15 USC 753 note, 15 USC 751 note, 15 USC 753 note.

12 USC 1904 note, 15 usC 753 note,

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