3.0.0 3146 2020-01-29T20:30:07Z 2020-01-29T20:30:07Z Senate S S 2008-06-18 110 sseg00 Energy and Natural Resources Committee Senate Standing Referred to 2008-06-18T16:41:23Z 2008-06-18 sseg00 Energy and Natural Resources Committee Senate Read twice and referred to the Committee on Energy and Natural Resources. IntroReferral 2008-06-18 Introduced in Senate IntroReferral 10000 9 Library of Congress V000127 Sen. Vitter, David [R-LA] David Vitter R LA N Energy Continental shelf Energy prices Federal-state relations Gas in submerged lands Gasoline Government Operations and Politics Marine and coastal resources, fisheries Oil and gas leases Oil well drilling Petroleum in submerged lands Energy 00 2008-06-18 Introduced in Senate 2008-08-06T20:49:46Z Energy Needed Offshore Under Gas Hikes Act - Allows the governor of a state, during any period in which the price of regular gasoline is equal to or greater than $5, with the concurrence of the state legislature, to petition the Secretary of the Interior to make a new producing area of the state eligible for: (1) oil leasing, gas leasing, or both, as determined by the state in accordance with the Outer Continental Shelf Lands Act and the Mineral Leasing Act; or (2) natural gas leasing only.

Requires the Secretary of the Treasury to deposit 45% of all rentals, royalties, bonus bids, and other sums due and payable to the United States from leases for new producing areas (qualified revenues) in the outer Continental Shelf into the general fund of the Treasury. Requires 55% of qualified revenues to be deposited into a special account in the Treasury, from which the Secretary shall disburse: (1) 37.5% to eligible producing states for new producing areas; (2) 12.5% to provide assistance to states in accordance with the Land and Water Conservation Fund Act of 1965; and (3) 5% to states for historic offshore production distribution.

]]> Energy Needed Offshore Under Gas Hikes Act Short Titles as Introduced Energy Needed Offshore Under Gas Hikes Act Display Title Energy Needed Offshore Under Gas Hikes Act Official Title as Introduced A bill to authorize the exploration of oil and natural gas in coastal areas to reduce the dependence of the United States on foreign energy sources, and to reduce gasoline and natural gas prices. Introduced in Senate 2008-06-18T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s3146is/xml/BILLS-110s3146is.xml 2008-06-18 Read twice and referred to the Committee on Energy and Natural Resources. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.