Word: fulbrighters
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Dates: during 1950-1959
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Passed last week by the Senate amid intense lobbying, the Harris-Fulbright amendment to the 1938 Natural Gas Law would, in effect, exempt producers of natural gas from government regulation. Under existing legislation, the Federal Power Commission has regulated gas production at the wellhead, with the "primary aim of preventing exploitation of consumers." But supporters of the bill maintain that these regulations curtail the profits of the nation's more than 5000 gas producers--most of them relatively small--discouraging them from seeking vital new reserves. The real violators of the consumer's interest, according to Senator Fulbright of Arkansas...
...election year. Faced with President Truman's veto of the Act just before the last election, over two-thirds of the House and Senate, voted to over-ride. And among those who voted to pass the Act were many Democratic Senators who now control important posts--Johnson, George, Fulbright, Byrd, Eastland--as well as both Knowland and Bridges. If the President puts his full authority behind the changes, however, Congress should accept some, even if not all, the proposals. In the past when the President has fully utilized his popularity--on such issues as Reciprocal Trade and the Bricker Amendment...
...TIME GOOFED ON GAS. ALEX M. CLARK DOES NOT SUPPORT MY POSITION IN OPPOSITION TO THE FULBRIGHT NATURAL-GAS BILL . . . MR. CLARK IS EMPLOYED AS CHAIRMAN OF THE "JOINT COMMITTEE OF CONSUMERS AND SMALL PRODUCERS OF NATURAL GAS" AND IS DIRECTING ITS LOBBYING EFFORTS TO PROMOTE THE INTEREST OF THE LARGE 'GAS PRODUCERS. NOTE THAT ONLY 29 PRODUCERS PROVIDED 63% OF ALL NATURAL GAS FOR INTERSTATE USE IN 1953. JUST TWO COMPANIES CONTROL APPROXIMATELY ONE-SEVENTH OF ALL U.S. NATURAL-GAS RESERVES. MY STAND IS TAKEN TO PROTECT FREE ENTERPRISE AND THE PUBLIC INTEREST, NOT TO PROVIDE SPECIAL TREATMENT...
WHEN President Eisenhower suggested in his economic report to the nation that Congress study the problem of direct controls on credit, he touched off a hot argument. Democratic Senator J. W. Fulbright, chairman of the Senate Banking and Currency Committee, said that he would be "sympathetic" to any such request. He considered holding hearings on direct consumer credit controls such as the wartime Regulation W, which specified minimum down payments and maximum loan terms. Allan Sproul, president of the Federal Reserve Bank of New York, is also worried, feels that credit abuses in boom times can become a "serious source...
...handle the bill on the floor, Johnson picked Oklahoma's amiable Senator Mike Monroney, at whom nobody ever gets mad. Backing Monroney was Arkansas' syrup-toned Senator William Fulbright, who specializes in charm. In the background was Oklahoma's heavy-fisted, wrath-kindling Senator Robert Kerr, longtime champion of the gas producers...