A bill to provide for the phased control of crude oil prices, to provide for a gradual transition from mandatory price and allocation controls, to amend the Emergency Petroleum Allocation Act of 1973, as amended.
Oil Pricing Act - Provides for the phased decontrol of crude oil prices under the Emergency Petroleum Allocation Act. Provides for a gradual transition from mandatory price and allocation controls, under such Act. Permits the President to remove price and allocation control regulation from crude oil or refined petroleum products which are not in short supply.
Introduced in Senate
Referred to Senate Committee on Government Operations.
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