S.323 - Fair Marketing of Petroleum Products Act94th Congress (1975-1976)
|Sponsor:||Sen. Moss, Frank E. [D-UT] (Introduced 01/23/1975)|
|Committees:||Senate - Commerce | House - Interstate and Foreign Commerce|
|Committee Reports:||S.Rept 94-120|
|Latest Action:||House - 06/23/1975 Referred to House Committee on Interstate and Foreign Commerce. (All Actions)|
This bill has the status Passed Senate
Here are the steps for Status of Legislation:
- Passed Senate
Summary: S.323 — 94th Congress (1975-1976)All Information (Except Text)
(Measure passed Senate, amended)
Passed Senate amended (06/20/1975)
Fair Marketing of Petroleum Products Act - Prohibits a refiner or distributor from cancelling, failing to renew, or otherwise terminating a petroleum products franchise unless he furnishes notification 90 days in advance, a statement of remedies available to affected distributors and retailers, and unless it is done because a distributor or retailer has failed to comply with any essential and reasonable requirement or failed to act in good faith in carrying out the terms of the franchise, or unless the distributor withdraws entirely from the sale of refined petroleum products.
Limits the number of distributorships and retail establishments that may be operated by a major market shareholder.
States that if the commencement by a person who is a major market shareholder of a distributorship or retail establishment the personnel of which are under the control of such person or under the control of an entity controlled by such person results in an increase regarding the number of distributorships and retail establishments, such person may not commence such operation if: (1) prior to such commencement such distributorship or retail establishment had been operated as a petroleum products franchise, unless the franchisee had failed to comply with any reasonable requirement of such franchise or to carry out the terms of such franchise in good faith or had mutually agreed with such major market shareholder to terminate such franchise; or (2) such distributorship or retail establishment is within the market area of an existing franchise of such major market shareholder and such distributorship or retail establishment would be in substantial competition for the customers that are served by such existing franchise. Permits a retailer, distributor, or the Attorney General to bring civil actions in United States courts for relief from violations of this Act.