Date: October 22, 1975
Subject: Natural Gas Regulations
Description: Pearson (R-KS)-Bentsen (D-TX) substitute for the text of S 2310 as originally proposed, providing for an emergency 180-day exemption from federal natural gas price regulations for curtailed high-priority natural gas customers and providing for the eventual deregulation of new natural gas prices. Deregulation is vital to overcome current natural gas shortages caused by federal price controls which have encouraged over-consumption by setting artificially low prices.
Result: Amendment Agreed to, 50-41
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