A bill relating to construction of natural gas pipelines for transporting Alaskan north slope natural gas to the lower forty-eight States.

Directs the Federal Power Commission to make a final decision on or before June 30, 1976, in the matter of two specified applications for natural gas pipeline construction and operation in Alaska.

Authorizes the Secretary of Interior to issue permits and leases to facilitate such types of construction in Alaska.

Provides for a sixty-day period to delay the effect of any final decision by the Federal Power Commission under this Act. Requires that any such final decision shall thereafter take effect only if during such period both Houses of Congress do not adopt a concurrent resolution disapproving such decision or such actions.