A bill to abolish the Federal Energy Administration, to provide for the orderly reorganization of the energy functions of the Federal Government.

Abolishes the Federal Energy Administration, created by the Federal Energy Administration Act of 1974, and the following of its offices: the Office of Management and Administration (other than the Office of Private Grievances and Redress); the Office of Intergovernmental, Regional, and Special Programs; the Office of Congressional Affairs; the Office of Communications and Public Affairs; the Office of the General Counsel; and the Office of the Administrator.

Transfers the functions of other offices as follows: the functions of the Offices of Energy Policy and Analysis, Energy Conservation and Environment, and International Energy Affairs are transferred to the Energy Research and Development Administration; the functions of the Office of Energy Resource Development (including the Office of Strategic Petroleum Reserve) are transferred to the Department of the Interior; and the functions of the Office of Regulatory Programs (including the Office of Private Grievances and Redress) are transferred to the Federal Power Commission. Continues all agency rules involving the transferred offices until acted upon by the President or other authorized official. Continues allocations before any court involving such offices or actions before such transferred offices

Authorizes the Director of the Office of Management and Budget to oversee the transfer of functions directed by this Act. Requires the Director to report to Congress on the progress of such transfer 90 days after the enactment of this Act.

Specifies appropriations authorized by this Act to carry out the functions transferred by this Act for the period July 1, 1976, through September 30, 1976 and for fiscal year 1977.

Makes this Act effective on the date of its enactment or on July 1, 1976, whichever is earlier.