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

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.

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

Timeline

1. 1 March 1982

   Introduced

   Referred to House Committee on Energy and Commerce.

   Source: IntroReferral

2. 1 March 1982

   Introduced

   Introduced in House

   Source: IntroReferral

3. 1 March 1982

   Introduced

   Introduced in House

   Source: IntroReferral

4. 3 March 1982

   Referred

   Referred to Subcommittee on Fossil and Synthetic Fuels.

   Source: Committee

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 · 1 March 1982

  Open at official source

Sponsors

• Rep. Hertel, Dennis M. [D-MI-14] · D · Sponsor
• Rep. Vento, Bruce F. [D-MN-4] · D · Sponsor
• Rep. Murphy, Austin J. [D-PA-20] · D · Sponsor
• Rep. Stark, Fortney Pete [D-CA-13] · D · Sponsor
• Rep. Weaver, James H. [D-OR-4] · D · Sponsor
• · hsif00 · Standing

Related records

No cross-record relationships stored yet.