A resolution expressing the sense of the House of Representatives with respect to the unacceptable rise in the price of natural gas to consumers.

Expresses the sense of the House of Representatives that the Federal Energy Regulatory Commission should: (1) more rigorously review requested pipeline rate hikes and contracts to insure that natural gas price increases are just and reasonable; (2) review the regulations implementing the Purchased Gas Adjustment provision of the Natural Gas Policy Act, so as to insure that price increases more closely reflect market conditions; and (3) report to Congress on the steps it has taken to eliminate market distortions caused by the enforcement of take-or-pay contracts in the natural gas industry.