Natural Gas Consumer Protection Act of 1983

Summary

Natural Gas Consumer Protection Act of 1983 - Amends the Natural Gas Policy Act of 1978 to require that any existing or future contract for the first sale of natural gas, excluding any contract for the first-sale of gas which is forever regulated, contain a market-out clause. Provides that such clause shall allow the buyer to nominate a new lower price or escape the contract if the gas is not marketable at the contract price. Declares that contracts not containing such a clause within 60 days after enactment of this Act shall be unenforceable. Sets limitations on the volume reductions and maximum new lower prices that may be established through renegotiation of such a purchase contract.

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Timeline

1. 9 March 1983

   Introduced

   Read twice and referred to the Committee on Energy and Natural Resources.

   Source: IntroReferral

2. 9 March 1983

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 26 July 1983

   Reported

   Committee on Energy and Natural Resources. Provisions of measure incorporated into measure S. 1715 ordered to be reported.

   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 Senate

  summary · EN · 9 March 1983

  Open at official source

Sponsors

• Sen. Sasser, Jim [D-TN] · D · Sponsor
• · sseg00 · Standing

Related records

• related to ← Natural Gas Policy Act Amendments of 1983