OPEC Price Reduction Act

OPEC Price Reduction Act - Provides that if the Organization of Petroleum Exporting Countries increases its publicly announced price for crude oil, natural gas, or products between September 1, 1975, and December 1, 1975, then the President shall reduce, but not below zero, the amount of any duty, license fee, supplemental fee, or other charge, imposed under the Trade Expansion Act, on imports of such oil, gas, or products by an amount equal to such increase.