A bill to require the President to take all necessary action to strictly enforce the regulation promulgated under section 4 of the Emergency Petroleum Allocation Act of 1973 and all orders issued under such act.

Directs the President to take all necessary action to strictly enforce the regulations promulgated under the Emergency Petroleum Allocation Act and all orders issued under such Act, to control the prices of petroleum products in order to minimize the adverse effects on the American economy of shortages of crude oil, residual fuel oil, and refined petroleum products.