[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2903 Introduced in House (IH)]







105th CONGRESS
  1st Session
                                H. R. 2903

    To provide relief from unfair interest and penalties on refunds 
   retroactively ordered by the Federal Energy Regulatory Commission.


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                    IN THE HOUSE OF REPRESENTATIVES

                            November 7, 1997

    Mr. Moran of Kansas (for himself, Mr. Tiahrt, Mr. Ryun, and Mr. 
 Snowbarger) introduced the following bill; which was referred to the 
                         Committee on Commerce

_______________________________________________________________________

                                 A BILL


 
    To provide relief from unfair interest and penalties on refunds 
   retroactively ordered by the Federal Energy Regulatory Commission.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. REFUNDS.

    (a) Amendment.--The Natural Gas Policy Act of 1978 (15 U.S.C. 3301 
et seq.) is amended by adding at the end the following new section:

``SEC. 603. REFUNDS.

    ``In the event any refunds of any rates and charges made, demanded, 
or received for reimbursement of State ad valorem taxes in connection 
with the sale of natural gas prior to 1989 are ordered to be made by 
the Commission, the refunds shall be ordered to be made without 
interest or penalty of any kind, and the refunds shall be required only 
to the extent that the purchaser demonstrates to the Federal Energy 
Regulatory Commission that the refund will be passed on to ultimate 
consumers of the natural gas.''.
    (b) Table of Contents Amendment.--The table of contents of the 
Natural Gas Policy Act of 1978 is amended by adding at the end the 
following new item:

``Sec. 603. Refunds.''.
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