Emergency Mass Transportation Fuel Conservation Act

Emergency Mass Transportation Fuel Conservation Act - Directs the President to develop and implement federally sponsored incentives for the use of mass transportation, including: (1) a prohibition on the increase of any fare for any public or private mass transportation system; (2) Federal subsidies for additional expenses incurred due to increased services; (3) priority rationing of fuel for mass transportation; and (4) Federal subsidies for State and local public bodies and agencies and private mass transportation operating agencies to provide for the inability by any such body or agency to meet operating expenses.

Authorizes appropriation of such sums as may be necessary to carry out the provisions of this Act.