A bill to amend the Federal Trade Commission Act to regulate commerce and to assure adequate and stable supplies of petroleum products at the lowest cost to the consumer, and for other purposes.
Prohibits refiners or distributors of petroleum products from canceling, failing to renew, or otherwise terminating a franchise unless the retailer or distributor whose franchise is terminated failed to comply substantially with any essential and reasonable requirement of such franchise or failed to act in good faith in carrying out the terms of such franchise, or unless such refiner or distributor withdraws entirely from the sale of refined petroleum products in commerce for sale other than resale in the United States.
Sets forth procedural and jurisdictional requirements for suits brought as a result of violation of this Act.
Introduced in Senate
Referred to Senate Committee on Commerce.
Reported to Senate from the Committee on Commerce with amendment, S. Rept. 93-1071.
Reported to Senate from the Committee on Commerce with amendment, S. Rept. 93-1071.
Passed/agreed to in Senate: Measure passed Senate, amended.
Measure passed Senate, amended.
Referred to House Committee on Interstate and Foreign Commerce.
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