A bill to amend the Natural Gas Policy Act of 1978 to prevent any acquisition of or merger with an interstate pipeline company unless the Federal Energy Regulatory Commission determines that such acquisition or merger is in the public interest.

Summary

Amends the Natural Gas Policy Act of 1978 to prohibit any person, without first having secured authorization from the Federal Energy Regulatory Commission, from: (1) purchasing any equity security of an interstate pipeline, if after such purchase such person will have acquired, either directly or indirectly, beneficial ownership of more than five percent of a class of registered securities; or (2) merging with an interstate pipeline. Directs the Commission to authorize such purchase or merger if, after notice and opportunity for a hearing, the Commission determines that it is consistent with the public interest.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 5 October 1983

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.