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RESOLIITION No. 414 <br />Sy Njrs. Bmm <br />I AN IIORGENG'Y RF50LUTIDN MEMCIR?ALIZTNG Zf3E $5TH CONGRESS <br />? OF THE UNTTTED ST.ATES, ' SECON) SE5'SION' TO DEF'?'.,AT PR01'OSID <br />; LEGIBI,ATIONa H.B.. 6790 AND H. B. 67912,. WHICH PROP06ES <br />i TO AN= _ TBE NA.ZUftA,L GAS A,CT BY FXENtf'TING THE 3?RODUCTION <br />? OF NATURZ GAS S aLD IN INTERSTA;TE CMOMCE. FRCM ftEGt1LA,TION <br />' BY THE FIDERA..Z 3'OWER. COIMM SION, BY CDN]! ERRING I,7I4IM -- <br />! JURZSDICTION OTTER PRODUCER GONTRAGTS FOR THE SXLE C!F . <br />? HATUM GAS, AND SY' INCMPOATTNG IlNT0 L&W THE FAIR- <br />'. FIELU PRICE CONCEPT IN ADMISTt#f.TION OF THE NATURAL <br />G&S_ ACT.. <br />UMM, the_ Natural Gas A,ct of 193$ was Passed by the Congress for <br />the pr3snary purpose c>f protect3.ng the oonsiuners of 'natural gas agai.mt <br />' exploitation at the harxls of natura7.. gas suppliers; and <br />- WMgLWY the.Supxeme Ceurt of the IInited States in the case of <br />Dhilli s Petrol.eum Co; v.. State_ of. Wiscomsin et al 347 U. S. 672 ( 1954).* <br />dec red that the tura Gas Act of 193 eacompassss the regulataion af <br />independent producers_a£-natural gas; arxi <br />WMMAS, sirce: tahe passage of the Natural Gas Aet of 1938, the <br />; independent pralucers of natural gas have obtained the introduction of at <br />least six ma3or legislative proposals 3n the various Coagresses for exemption <br />' from the provisions o.f said Act; aad . . <br />; WHEREAS, fihe ]?ast of these legislative propcasals was the Aarris- <br />? Fulbright Bill which was passed bg the 84th Congress but vetoed by.the Pras3derrt <br />i of the United States; sad <br />IZMWAS, propos ed _ lsgis].atLon h sa been intro3uced: again in the pres ent <br />session of- the 85th Congress of the Un3.ted States, H. B. 6790 by Mr. Oren Harr3.s <br />and R. B, 6791 by Mr. Joseph P..O,Hara; ` and . <br />WMREA?S., t,hese leg3.slative proposa].s. have as the3r purpose the <br />exempt3on of i.ndeperadent. producers from the jurisdic_t3.on oP the Federal Power <br />Comnission save a].imi°ted jurisdict3on aver producer contracts for the a a]s <br />of natural gas, and would establish the fair frield pr3.ce concept 3xi the <br />adin3rx3.stsation of the Natuaral Gas .A.ct; and <br />TrMAS, such legislation wvu7.d not, be in the pu.blic iriterest beeause <br />it would v3.olate the basic intendment of the Natural Gas Act of 193$ by abolisbing <br />the effect,ive regulation of -the cost of gas scld by producers' thus placing <br />raliance on the operation of the law of supply. and cienand in the marketino of <br />this easential non-competitive fuel_ in an `ecosomic atanosphere of captive <br />consumers and 3ncreasing and unprecedenfi,ed demsn3; and