A bill to establish a Federal scholarship program in petroleum, mining, and extractive metallurgical engineering to assist the United States to meet its future energy requirements.

Provides that the Commissioner of Education shall each year award two hundred scholarships in the field of mining engineering, two hundred and fifty scholarships in the field of petroleum engineering, and one hundred scholarships in the field of extractive metallurgical engineering.

States that such scholarships shall be for four years of study in an accredited program of mining engineering, petroleum engineering, or extractive metallurgical engineering at an institution of higher education selected by the student.

Authorizes the Commissioner to institute a testing program for the purpose of selecting persons to be awarded scholarships under this Act.