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Deficit Reduction Through Fair Oil Royalties Act
Legislative Progress
Momentum (last 30 days)
0
score
0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
81pct
28d open
vs 3,548 other S bills in the 114th — cohort avg 43d
Deficit Reduction Through Fair Oil Royalties Act This bill prohibits the Department of the Interior from issuing new oil or natural gas production leases in the Gulf of Mexico under the Outer Continental Shelf Lands Act unless they have been renegotiated to require royalty payments if the price of oil and natural gas is greater than or equal to specified price thresholds. Rentals or royalties received by the United States under covered leases must be deposited in the Treasury and used for federal budget deficit reduction or, if there is no federal budget deficit, federal debt reduction. Interior must agree to a lessee's request to amend a lease to incorporate price thresholds applicable to royalty suspension requirements that are equal to or less than certain statutory price thresholds if the lease was issued for any Central and Western Gulf of Mexico tract on or after January 1, 1996, through November 28, 2000.
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2015 · fourth_quarter · Energy/Nuclear
CFR Title 30; Chapter II; Subchapter B; Part 250; Oil and Gas and Sulphur Operations on the Outer Continental Shelf - Requirements- Blowout Preventer Systems and Well Control; all provisions CFR Title 30; Chapter II; Subchapter B; part 254; Oil-Spill Response Requirements for Facilities Located Seaward of the Coast Line; all provisions CFR Title 30; Chapter V; Subchapter B; Part 550; Oil and Gas and Sulfur Operations in the Outer Continental Shelf; all provisions HR 8: North American Energy Security and Infrastructure Act of 2015; provisions related to crude oil exports, liquefied natural gas exports, and natural gas pipelines HR 156: Crude Oil Export Act; provisions related to energy and exports HR 666: To adapt to changing crude oil market conditions; provisions related to energy and exports HR 702: To Adapt to Changing Crude Oil Market Conditions; provisions related to energy and exports HR 1731: National Cybersecurity Protection Advancement Act of 2015; provisions related to facilities and critical infrastructure cybersecurity requirements HR 2029: Consolidated Appropriations Act, 2016; provisions related to crude oil exports, Department of Interior Well Control rule, cybersecurity authorization, and energy development S. 33: LNG Permitting Certainty and Transparency Act; provisions related to liquefied natural gas exports S. 280: Federal Permitting Improvement Act of 2015; provisions related to permits S. 577: Corn Ethanol Mandate Elimination Act of 2015; provisions related to the Renewable Fuels Standard S. 585: American Natural Gas Security and Consumer Protection Act; provisions related to exports S. 653: Water Resources Research Amendments Act of 2015; provisions related to water research S. 934: Phantom Fuel Reform Act; provisions related to the Renewable Fuels Standard S. 1063: American Energy Efficiency Act; provisions related to energy S. 1201: Clean Distributed Energy Grid Integration Act; provisions related to energy S. 1202: Heat Efficiency through Applied Technology (HEAT) Act; provisions related to energy S. 1208: Pipeline Modernization and Consumer Protection Act; provisions related to pipelines S. 1209: Pipeline Revolving Fund and Job Creation Act; provisions related to pipelines S. 1210: Oil and Gas Production and Distribution Reform Act; provisions related to energy S. 1228: North American Energy Infrastructure Act; provisions related to borders and energy infrastructure S. 1276: Offshore Energy and Jobs Act of 2015; provisions related to energy S. 1278: Alaska Outer Continental Shelf Lease Sale Act; provisions related to energy S. 1279: Southern Atlantic Energy Security Act; provisions related to exploration and production S. 1310: Deficit Reduction Through Fair Oil Royalties Act; provisions related to energy and royalties S. 1312: Energy Supply and Distribution Act of 2015; provisions related to exports S. 1372: American Crude Oil Exports Equality Act; provisions related to energy and crude oil exports S. 1763: Petroleum Coke Transparency and Public Health Protection Act; provisions related to petroleum coke S. 2011: Offshore Production and Energizing National Security Act of 2015 (OPENS); provisions related to energy policy and crude oil exports S. 2012: Energy Policy Modernization Act of 2015; provisions related to production, liquefied natural gas exports, and energy policy S. 2089: American Energy Innovation Act, provisions related to energy policy and revenue and funding Discussions related to pending Arctic rule Discussions related to venting or flaring
Committee on Energy and Natural Resources. Hearings held.
Read twice and referred to the Committee on Energy and Natural Resources.
Introduced in Senate
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Sources: Congress.gov
Client expense: $2,790,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Council on Environmental Quality (CEQ), Energy, Dept of, HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Interior, Dept of (DOI), Office of Management & Budget (OMB), SENATE, U.S. Trade Representative (USTR), White House Office