S.539 - Petroleum Marketing Reform Act of 1993103rd Congress (1993-1994)
|Sponsor:||Sen. Ford, Wendell H. [D-KY] (Introduced 03/09/1993)|
|Committees:||Senate - Energy and Natural Resources|
|Latest Action:||Senate - 03/10/1993 Referred to Subcommittee on Renewable Energy. (All Actions)|
This bill has the status Introduced
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Summary: S.539 — 103rd Congress (1993-1994)All Information (Except Text)
Introduced in Senate (03/09/1993)
Petroleum Marketing Reform Act of 1993 - Amends the Petroleum Marketing Practices Act to modify the definition of "contract" to include any contract between specified parties which is economically necessary to the operation of the franchise.
Provides that the termination or non-renewal of a franchise relationship, upon expiration of an underlying lease for marketing premises, is reasonable if specified conditions exist.