Date: February 5, 1976
Subject: Natural Gas Deregulation
Description: Smith (D-IA) amendment to the Krueger (D-TX) substitute amendment, to deregulate natural gas sold by small producers with sales of less than 100 billion cubic feet a year, but continue Federal Power Commission regulation of major gas producers. The Smith amendment extended federal controls over major companies to cover gas sales in intrastate markets. The Krueger amendment would have removed regulation by the Federal Power Commission from all natural gas producers.
Result: Agreed to, 205-201
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