A bill to amend the Emergency Petroleum Allocation Act of 1973 to establish a standby national set-aside program to provide middle distillates to meet shortages in agricultural production and agricultural transportation requirements.

Amends the Emergency Petroleum Allocation Act of 1973 to direct the President to establish a national set-aside program to provide middle distillates to meet shortages in agricultural production and agricultural transportation requirements. Stipulates that such program shall be made effective only if such shortage has impaired or is likely to impair agricultural production and no State programs have been or are likely to be established to alleviate such shortages.