The Administrator shall not exercise the discretion delegated to him by the President, pursuant to section 754(b)
1
See References in Text note below.
of this title, to submit to the Congress as one energy action any amendment to the regulation under section 753(a) of this title, pursuant to section 760a of this title, which amendment exempts any oil, refined petroleum product, or refined product category from both the allocation and pricing provisions of the regulation under section 753 of this title.