Natural Gas Act of 1938
The Natural Gas Act of 1938 was the first occurrence of the United States federal government regulating the natural gas industry. It was focused on regulating the rates charged by interstate natural gas transmission companies. In the years prior to the passage of the Act, concern arose about the monopolistic tendencies of the transmission companies and the fact that they were charging higher than competitive prices. The passage of the Act gave the Federal Power Commission (FPC) control over the regulation of interstate natural gas sales. Later on, the FPC was dissolved and became the Federal Energy Regulatory Commission (FERC). FERC continues to regulate the natural gas industry to this day.
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Natural Gas Act of 1938
The Natural Gas Act of 1938 was the first occurrence of the United States federal government regulating the natural gas industry. It was focused on regulating the rates charged by interstate natural gas transmission companies. In the years prior to the passage of the Act, concern arose about the monopolistic tendencies of the transmission companies and the fact that they were charging higher than competitive prices. The passage of the Act gave the Federal Power Commission (FPC) control over the regulation of interstate natural gas sales. Later on, the FPC was dissolved and became the Federal Energy Regulatory Commission (FERC). FERC continues to regulate the natural gas industry to this day.
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The Natural Gas Act of 1938 wa ...... ural gas industry to this day.
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agreedbody
House
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Senate
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agreeddate
1938-06-13
1938-06-14
agreedvote
Agreed
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colloquialacronym
NGA
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committees
effective date
1938-06-21
enacted by
introducedby
Clarence F. Lea
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introduceddate
1937-06-16
introducedin
House
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longtitle
An Act to regulate the transpo ...... merce, and for other purposes.
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passedbody
House
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Senate
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passeddate
1937-07-01
1938-06-07
passedvote
Passed
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SCOTUS cases
FPC v. Natural Gas Pipeline Co., 315 U. S. 575
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sections created
§ 717 et seq.
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shorttitle
Natural Gas Act of 1938
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signeddate
1938-06-21
signedpresident
title amended
wikiPageUsesTemplate
subject
hypernym
comment
The Natural Gas Act of 1938 wa ...... ural gas industry to this day.
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label
Natural Gas Act of 1938
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