Natural Gas Deregulation
Statement on Senate Action.
October 4, 1977

This legislation is unacceptable. It is an injustice to the working people of this country.

The bill passed by the House is a fair one and one that I and the American people can support. I hope and expect that a reasonable bill will emerge from the conference committee and be approved by both Houses.

I look forward to signing legislation that provides adequate production incentives while protecting the interests of American consumers. I will not sign an unfair bill.

NOTE: Earlier in the day, the Senate had passed H.R. 5289, a bill to establish a comprehensive natural gas pricing policy.

The statement was made available by the White House Press Office. It was not issued in the form of a White House press release.