A bill to prohibit deregulation of oil pricing until January 1, 1980, or until such time as there is enacted an excess profits tax.

Prohibits any amendment to a regulation promulgated by the President under the Emergency Petroleum Allocation Act of 1973 which has the effect of increasing the price of any fuel from taking effect until January 1, 1980, or the enactment of an excess profits tax, whichever first occurs.