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United States · Bill · HR

H.R. 5646 (97th)

A bill to amend the Natural Gas Policy Act of 1978 to prohibit indefinite price escalator clauses in natural gas supply contracts.

referredUnited States· United States Congress· EN

Introduced

1 March 1982

Last action

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Status

Referred to Subcommittee on Fossil and Synthetic Fuels.

Sponsors

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Subjects

Discovery layer

Source updated

5 February 2024

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Summary

Amends the Natural Gas Policy Act of 1978 to declare unenforceable any indefinite price escalator 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. Permits a purchaser to have any indefinite price escalator clause voided in the case of any such clause in any contract entered into before enactment which is applicable to any first or subsequent sale.

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Documents

1 official file

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