May 2, 1974
Page 12928
Mr. JAVITS. Mr. President, I ask unanimous consent to have a statement by the Senator from Maine printed in the RECORD.
The PRESIDING OFFICER. Without objection, it is so ordered.
STATEMENT BY SENATOR MUSKIE
Section 7(c) (1) of the Conference Report on the Federal Energy Administration requires the FEA administrator to provide the Cost of Living Council a five day period for approval or disapproval of any FEA rule or regulation related to the cost or price of energy. That provision in the Senate bill was retained at the insistence of the Senator from Maine (Mr. Muskie). At the time the House and Senate conferees were considering this matter, the Cost of Living Council was exercising its function under the Economic Stabilization Act. However, this authority is no longer in effect. Should authorities and responsibilities similar to those exercised by the Cost of Living Council be given away to any new agency, the authority conferred by Section 7(c) (1) of this bill should be given that agency.