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This Act (a) directs the Commission and the Justice Department to participate in developing, implementing, monitoring, and reporting on voluntary agreements and plans established by oil companies to deal with emergency international oil shortages and provides them a role in any DOE advisory committees on international allocation of oil products (Sections 252 and 253, 42 U.S.C. § 6272, § 6273), under a limited antitrust exemption established by the Act; and (b) requires the Commission to issue regulations providing that certain household appliances must bear labels showing the products' "energy efficiency ratings" (Section 324, 42 U.S.C. § 6294). The Act also added FTC-related provisions to the Motor Vehicle Information and Cost Savings Act regarding fuel economy and recycled oil.