Propane Allocation Act

[AI summary unavailable — showing source text] Propane Allocation Act - States the purpose of the Act of requiring the Administrator of the Federal Energy Administration to deal on a temporary basis with propane shortages to minimize their impact. Directs the Administrator, within given limitations, to regulate the equitable allocation of propane and its wholesale price. Outlines procedures for computing the price of propane recovered from oil and that derived from gas. Terminates authority granted under this Act at midnight, June 30, 1976, except for actions or pending proceedings not finally determined and actions and proceedings based upon any act committed prior to that date. Provides that willful violators may be fined not more than $5000 for each violation. Subjects any violator to a civil penalty of not more than $2500 for each violation. Grants United States district courts exclusive original jurisdiction of all cases or controversies arising under this Act, subject to enumerated conditions. Preempts State and local law whenever there is a conflict involving the allocation of propane. Mandates submission to the Attorney General of any proposed regulations on allocation. Directs the Attorney General to advise the Preside…