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ADMINISTRATION; ANNUAL REPORTS

SEC. 4001. (a) The Secretary may prescribe such rules as may be necessary in order to carry out the provisions of this part.

(b) The Secretary shall include in his annual report a detailed description of the actions taken under this part in the preceding fiscal year and the actions planned to be taken in the subsequent fiscal year. Such description shall show the allocations made (including the allocations made to each State) and include information on the technical assistance carried out with funds allocated, and an estimate of the energy savings, if any, achieved.

[42 U.S.C. 6372h]

RECORDS

SEC. 400J. Each recipient of assistance under this part shall keep such records, provide such reports, and furnish such access to books and records as the Secretary may by rule prescribe.

[42 U.S.C. 6372i]

PART I-OFF-HIGHWAY MOTOR VEHICLES

OFF-HIGHWAY MOTOR VEHICLE CONSERVATION STUDY

SEC. 385. Not later than 1 year after the date of the enactment of this section, the Secretary of Transportation shall complete a study of the energy conservation potential of recreational motor vehicles, including, but not limited to, aircraft and motor boats which are designed for recreational use, and shall submit a report to the President and to the Congress containing the results of such study. [42 U.S.C. 6373]

TITLE IV-PETROLEUM PRICING POLICY AND OTHER
AMENDMENTS TO THE ALLOCATION ACT

PART A-PRICING POLICY

OIL PRICING POLICY

SEC. 401. [Amends the Emergency Petroleum Allocation Act of 1973, which appears in this compilation, by adding new sections 8 and 9.]

LIMITATIONS ON PRICING POLICY

SEC. 402. (a) [Amends paragraph (2) of section 4(b) of the Emergency Petroleum Allocation Act of 1973 which appears in this compilation.]

(b) The amendment made by this section, to the Emergency Petroleum Allocation Act of 1973, shall take effect on the effective date of the amendment to the regulation under section 4(a), required by section 8(a) of such Act.

(c) [Amends the Emergency Petroleum Allocation Act of 1973, which appears in this compilation, by adding a new section 10.]

ENTITLEMENTS

SEC. 403. (a) [Amends section 4 of the Emergency Petroleum Allocation Act of 1973, which appears in this compilation, by adding a new subsection (e).]

(b) Subsection (a) of this section shall apply with respect to payments due on or after the last day of the month during which the date of enactment of this Act occurs.

PART B-OTHER AMENDMENTS TO THE ALLOCATION ACT

AMENDMENTS TO THE OBJECTIVES OF THE ALLOCATION ACT

SEC. 451. (a) [Amends section 4(b)(1)(A) of the Emergency Petroleum Allocation Act of 1973 which appears in this compilation.] (b) [Amends section 4(b)(1)(G) of the Emergency Petroleum Allocation Act of 1973 which appears in this compilation.]

PENALTIES UNDER THE ALLOCATION ACT

SEC. 452. [Amends section 5 of the Emergency Petroleum Allocation Act of 1973 which appears in this compilation.]

ANTITRUST PROVISION IN ALLOCATION ACT

SEC. 453. [Amends section 6(c) of the Emergency Petroleum Allocation Act of 1973 which appears in this compilation.]

EVALUATION OF REGULATION UNDER THE ALLOCATION ACT

SEC. 454. [Amends the Emergency Petroleum Allocation Act of 1973, which appears in this compilation by adding a new section 11.]

CONVERSION TO STANDBY AUTHORITIES

SEC. 455. [Amends the Emergency Petroleum Allocation Act of 1973, which appears in this compilation, by adding a new section 12.1

TECHNICAL PURCHASE AUTHORITY

SEC. 456. [Amends the Emergency Petroleum Allocation Act of 1973, which appears in this compilation, by adding a new section 13.]

DIRECT CONTROLS ON REFINERY OPERATIONS

SEC. 457. [Amends the Emergency Petroleum Allocation Act of 1973, which appears in this compilation, by adding a new section 14.]

INVENTORY CONTROLS

SEC. 458. [Amends the Emergency Petroleum Allocation Act of 1973, which appears in this compilation, by adding a new section 15.]

HOARDING PROHIBITIONS

SEC. 459. [Amends the Emergency Petroleum Allocation Act of 1973, which appears in this compilation, by adding a new section 16.]

ASPHALT ALLOCATION AUTHORITY

SEC. 460. [Amends the Emergency Petroleum Allocation Act of 1973, which appears in this compilation, by adding a new section 17.1

EXPIRATION OF AUTHORITIES

SEC. 461. [Amends the Emergency Petroleum Allocation Act of 1973, which appears in this compilation, by adding a new section 18.1

REIMBURSEMENT TO STATES

SEC. 462. [Amends the Emergency Petroleum Allocation Act of 1973, which appears in this compilation, by adding a new section 19.]

EFFECTIVE DATE OF ALLOCATION ACT AMENDMENTS

SEC. 463. Except as otherwise provided, the amendments made by this Act to the Emergency Petroleum Allocation Act of 1973 shall take effect as of midnight, December 15, 1975.

TITLE V-GENERAL PROVISIONS

PART A-ENERGY DATA BASE AND ENERGY INFORMATION

VERIFICATION EXAMINATION

SEC. 501. (a) The Comptroller General may conduct verification examinations with respect to the books, records, papers, or other documents of

(1) any person who is required to submit energy information to the Federal Energy Administration, the Department of the Interior, or the Federal Power Commission pursuant to any rule, regulation, order, or other legal process of such Administration, Department or Commission;

(2) any person who is engaged in the production, processing, refining, transportation by pipeline, or distribution (at other than the retail level) of energy resources

(A) if such person has furnished, directly or indirectly, energy information (without regard to whether such information was furnished pursuant to legal requirements) to any Federal agency (other than the Internal Revenue Service), and

(B) if the Comptroller General of the United States determines that such information has been or is being used or taken into consideration, in whole or in part, by a Federal agency in carrying out responsibilities committed to such agency; or

(3) any vertically integrated petroleum company with respect to financial information of such company related to energy resource exploration, development, and production and the transportation, refining and marketing of energy resources and energy products.

(b) The Comptroller General shall conduct verification examinations of any person or company described in subsection (a), if requested to do so by any duly established committee of the Congress having legislative or oversight responsibilities under the rules of the House of Representatives or of the Senate, with respect to energy matters or any of the laws administered by the Department of the Interior (or the Secretary thereof), the Federal Power Commission, or the Federal Energy Administration (or the Secretary). (c) For the purposes of this title

(1) The term "verification examination" means an examination of such books, records, papers, or other documents of a person or company as the Comptroller General determines necessary and appropriate to assess the accuracy, reliability, and adequacy of the energy information, or financial information, referred to in subsection (a).

(2) The term "energy information" has the same meaning as such term has in section 11(e)(1) of the Energy Supply and Environmental Coordination Act of 1974.

(3) The term "person" has the same meaning as such term has in section 11(e)(2) of the Energy Supply and Environmental Coordination Act of 1974.

(4) The term "vertically integrated petroleum company" means any person which itself, or through a person which is controlled by, controls, or is under common control with such person, is engaged in the production, refining, and marketing of petroleum products.

[42 U.S.C. 6381]

POWERS OF THE COMPTROLLER GENERAL AND REPORTS

SEC. 502. (a) For the purpose of carrying out his authority under section 501

(1) the Comptroller General may—

(A) sign and issue subpenas for the attendance and testimony of witnesses and the production of books, records, papers, and other documents;

(B) require any person, by general or special order, to submit answers in writing to interrogatories, to submit books, records, papers, or other documents, or to submit any other information or reports, and such answers or other submissions shall be made within such reasonable period, and under oath or otherwise, as the Comptroller General may determine; and

(C) administer oaths.

(2) the Comptroller General, or any officer or employee duly designated by the Comptroller General, upon presenting appropriate credentials and a written notice from the Comptroller General to the owner, operator, or agent in charge, may

(A) enter, at reasonable times, any business premise or facility; and

(B) inspect, at reasonable times and in a reasonable manner, any such premise or facility, inventory and sample any stock of energy resources therein, and examine and copy books, records, papers, or other documents, relating to any energy information, or any financial information in the case of a vertically integrated pretroleum com

pany.

(b) The Comptroller General shall have access to any energy information within the possession of any Federal agency (other than the Internal Revenue Service) as is necessary to carry out his authority under this section.

(c)(1) Except as provided in subsections (d) and (e), the Comptroller General shall transmit a copy of the results of any verification examination conducted under section 501 to the Federal agency to which energy information which was subject to such examination was furnished.

(2) Any report made pursuant to paragraph (1) shall include the Comptroller General's findings with respect to the accuracy, reliability, and adequacy of the energy information which was the subject of such examination.

(d) If the verification examination was conducted at the request of any committee of the Congress, the Comptroller General shall report his findings as to the accuracy, reliability, or adequacy of the energy information which was the subject of such examination, or financial information in the case of a vertically integrated petroleum company, directly to such committee of the Congress and any such information obtained and such report shall be deemed the property of such committee and may not be disclosed except in accordance with the rules of the committee and the rules of the House of Representatives or the Senate and as permitted by law. (e)(1) Any information obtained by the Comptroller General or any officer or employee of the General Accounting Office pursuant to the exercise of responsibilities or authorities under this section which relates to geological or geophysical information, or any estimate or interpretation thereof, the disclosure of which would result in significant competitive disadvantage or significant loss to the owner thereof shall not be disclosed except to a committee of Congress. Any such information so furnished to a committee of the Congress shall be deemed the property of such committee and may not be disclosed except in accordance with the rules of the committee and the rules of the House of Representatives or the Senate and as permitted by law.

(2) Any person who knowingly discloses information in violation of paragraph (1) shall be subject to the penalties specified in section 5(a)(3)(B) and (4) of the Emergency Petroleum Allocation Act of 1973, as amended by section 452 of this Act.

(f) The Comptroller General shall prepare and submit to the Congress an annual report with respect to the exercise of its authorities under this part, which report shall specifically identify any deficiencies in energy information or financial information reviewed by the Comptroller General and include a discussion of action

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