An amendment to establish a federal standard or allowable state regulation of natural gas production. Under the amendment, states would be specifically prohibited from implementing regulations that have the substantial purpose or effect of generally restricting natural gas production and raising the price of natural gas. States would be permitted, however, to continue to regulate production to the extent that such regulation is necessary for resource conservation, preventing physical waste, and protecting the correlative rights of producers in a common reservoir. The amendment specifically permits natural gas consumers and other affected parties to challenge state prorationing regulations in federal court, and it requires the court to enjoin such regulations to the extent the court determines they are prohibited by the amendment.

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Amendment Number
557
Description
An amendment to establish a federal standard or allowable state regulation of natural gas production. Under the amendment, states would be specifically prohibited from implementing regulations that have the substantial purpose or effect of generally restricting natural gas production and raising the price of natural gas. States would be permitted, however, to continue to regulate production to the extent that such regulation is necessary for resource conservation, preventing physical waste, and protecting the correlative rights of producers in a common reservoir. The amendment specifically permits natural gas consumers and other affected parties to challenge state prorationing regulations in federal court, and it requires the court to enjoin such regulations to the extent the court determines they are prohibited by the amendment.
Purpose
Amendment establishes a federal standard for allowable state regulation of natural gas production. It prohibits States from implementing regulations that have the substantial purpose or effect of restricting natural gas production and raising the price of natural gas.
Congress
102
Type
HAMDT
Latest Action Date
May 20, 1992
Latest Action Text
On agreeing to the Markey amendment (A007) Agreed to by recorded vote: 238 - 169 (Roll no. 135).
Latest Action Time
21:45:37
Submitted Date
May 20, 1992
Chamber
House of Representatives
Update Date
Jun 7, 2021
Amendment 557 — Informed