If passed, the bill would mean "no tax-payer funded payments in excess of the prevailing wholesale price" would be made to new offshore projects.
The private members' bill, proposed by Conservative MP Christopher Chope, would also restrict the height, number, location and operation of turbines. If passed, no turbines could be built within 24 kilometres of the coast.
A private members' bill is proposed by an individual MP rather than the government. While some do pass into law if there is widespread support from across the political parties, most fail to do so.
Chope is MP for Christchurch in Dorset, close to the location of the proposed 970MW Navitus Bay offshore project, which has met with significant local opposition.
The restrictions would mean no turbine could be constructed within 32 kilometres of the coast with a tip height exceeding 100 metres.
The bill also proposes that any onshore cable connections should be buried and should not extend inland from the shore by more than 3.2 kilometres.