A bill to amend Federal statutes regulating automobile emissions and automobile safety and to provide certain rules with respect to automobile fuel efficiency to permit the manufacture of safe, nonpolluting, fuel efficient automobiles.

[AI summary unavailable — showing source text] Revises the Clean Air Act to extend until 1982 the reduction requirement standards for carbon monoxide and hydrocarbons. Extends the interim standards for light duty vehicles through 1981. Extends the regulation for the emissions of nitrogen oxides from 1977 through 1982. Extends the interim standards for light duty vehicles to 1983. Requires the Secretary of Transportation to take into account the cost of implementation and the benefits attainable in prescribing Federal motor vehicle safety standards. Stipulates that Federal motor vehicle standards shall take effect two years from the date of issue. Requires that all information relating to the promulgation of a Federal motor vehicle standard be made public. Requires the Secretary to include in his report to the President an analysis of motor vehicle safety regulations on passengers and pedestrian safety, and a certification that the cost of implementation and the benefits attainable were considered in the issuing of a safety standard. Revises the Motor Vehicle Information and Cost Savings Act to require the Secretary to include in the report to Congress and to the President (1) a statement of the degree of observance of standards…