Amends the National Gas Policy Act of 1978 to declare unenforceable and against public policy, in any natural gas contract: (1) "indefinite price escalator clauses"; and (2) "take-or-pay clauses." Makes an exemption to such rule on "take-or-pay clauses" if necessary to recover certain costs. Defines a "take-or-pay clause" to mean any contract provision requiring payment for a minimum amount of natural gas if the purchaser fails to take delivery. Prohibits a pipeline from passing on its costs of natural gas (cost passthroughs) if the costs were incurred due to waste or imprudence.
Subcommittee Hearings Held.
Subcommittee Hearings Held.
Subcommittee Hearings Held.
Subcommittee Hearings Held.
Subcommittee Hearings Held.
Subcommittee Hearings Held.
Subcommittee Hearings Held.
Subcommittee Hearings Held.
Subcommittee Consideration and Mark-up Session Held.
Subcommittee Consideration and Mark-up Session Held.
Subcommittee Consideration and Mark-up Session Held.
Subcommittee Consideration and Mark-up Session Held.
Subcommittee Consideration and Mark-up Session Held.
Subcommittee Consideration and Mark-up Session Held.
Subcommittee Consideration and Mark-up Session Held.
Subcommittee Consideration and Mark-up Session Held.
Subcommittee Consideration and Mark-up Session Held.
Subcommittee Consideration and Mark-up Session Held.
Subcommittee Consideration and Mark-up Session Held.
Clean Bill H.R.4277 Forwarded by Subcommittee to Full Committee in Lieu.
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