Federal Energy Administration Act of 1974

[AI summary unavailable — showing source text] Federal Energy Administration Act - Establishes the Federal Energy Administration to assure that the nation's energy needs are met for the forseeable future. Directs the Administration to plan, direct, and conduct programs related to production, conservation, and allocation of all forms of energy. Transfers to and vests in the Administrator all functions of the Secretary of the Interior, the Department of the Interior, and officers and components of that Department: (1) as relate to or are utilized by the Office of Petroleum Allocation; (2) as relate to or are utilized by the Office of Energy Conservation; (3) as relate to or are utilized by the Office of Energy Data and Analysis; and (4) as relate to or are utilized by the Office of Oil and Gas. Transfers to and vests in the Administrator all functions of the Chairman of the Cost of Living Council, the Executive Director of the Cost of Living Council, and the Cost of Living Council, and officers and components as relate to or are utilized by the Energy Division of the Cost of Living Council. Empowers the Administrator to promulgate such rules, regulations, and procedures as may be necessary to carry out the functions vested in him…