A bill to amend the Natural Gas Policy Act of 1978 to prohibit take-or-pay clauses or similar minimum purchase requirements under natural gas supply contracts.

referredUnited States· United States Congress· EN

Introduced

1 March 1982

Last action

—

Status

Referred to Subcommittee on Fossil and Synthetic Fuels.

Summary

Amends the Natural Gas Policy Act of 1978 to declare unenforceable any take-or-pay clause of any contract which is entered into on or after enactment of this Act and which is applicable to any first or subsequent sale of natural gas. Defines "take-or-pay clause" to mean any contract provision which requires payment for the minimum quantity of natural gas contracted for under the contract in the event the purchaser fails to take delivery.

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Documents

1 official file

Introduced in House
summary · EN · 1 March 1982
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/97th-congress/house-bill/5645
Open data entity: https://api.congress.gov/v3/bill/97/hr/5645