3.0.0 4521 2023-01-11T13:16:44Z 2023-01-11T13:16:44Z House H HR 2010-01-26 111 hsii00 Natural Resources Committee House Standing hsii06 Energy and Mineral Resources Subcommittee Referred to 2010-01-29T14:47:15Z Referred to 2010-01-26T17:32:40Z Royalty Relief for American Consumers Act of 2010 111 3687 S 2010-08-02 Read twice and referred to the Committee on Energy and Natural Resources. Related bill CRS 2010-01-29 hsii06 Energy and Mineral Resources Subcommittee 1 House committee actions Referred to the Subcommittee on Energy and Mineral Resources. Committee 2010-01-26 Referred to the House Committee on Natural Resources. IntroReferral H11100 2 House floor actions hsii00 Natural Resources Committee 2010-01-26 Sponsor introductory remarks on measure. (CR E90-91) IntroReferral B00100 9 Library of Congress 2010-01-26 Introduced in House IntroReferral Intro-H 9 Library of Congress 2010-01-26 Introduced in House IntroReferral 1000 9 Library of Congress M000133 Rep. Markey, Edward J. [D-MA-7] Edward Markey D MA J. 7 N V000128 Rep. Van Hollen, Chris [D-MD-8] Chris Van Hollen D MD 8 2010-01-26 True C001036 Rep. Capps, Lois [D-CA-23] LOIS CAPPS D CA 23 2010-02-02 False F000339 Rep. Frank, Barney [D-MA-4] BARNEY FRANK D MA 4 2010-03-09 False Public Lands and Natural Resources Energy prices Energy revenues and royalties Gulf of Mexico Marine and coastal resources, fisheries Marine pollution Oil and gas Public contracts and procurement User charges and fees Public Lands and Natural Resources 00 2010-01-26 Introduced in House 2010-03-03T15:52:32Z Royalty Relief for American Consumers Act of 2010 - Directs the Secretary of the Interior to agree to a request by a lessee to amend any lease issued for any Central and Western Gulf of Mexico tract between January 1, 1998, and January 1, 2000, to incorporate price thresholds applicable to royalty suspension provisions that are equal to or less than specified price thresholds described in the Outer Continental Shelf Lands Act (OCSLA).

Requires: (1) an amended lease to impose the new or revised price thresholds effective October 1, 2010; and (2) existing lease provisions to prevail through September 30, 2010.

Prohibits the Secretary from issuing a new lease to certain persons or entities with any direct or indirect interest in, or who derive any benefit from, a covered lease unless they renegotiate the lease to include such price thresholds or have paid or formally agreed to pay all conservation of resources fees established under this Act.

Directs the Secretary to establish a conservation of resources fee for producing and nonproducing federal oil and gas leases in the Gulf of Mexico.

Applies the same lease renegotiation and conservation of resources fee payment eligibility criteria to any lessee or other interested person who seeks to obtain by sale or transfer (including through a swap, spinoff, servicing, or other agreement) any covered lease, the economic benefit of any covered lease, or any other lease for the production of oil or natural gas in the Gulf of Mexico under OCSLA.

]]> Royalty Relief for American Consumers Act of 2010 Display Title Royalty Relief for American Consumers Act of 2010 Official Title as Introduced To direct the Secretary of the Interior to agree to requests by lessees to amend certain oil and gas leases issued for Central and Western Gulf of Mexico tracts, to incorporate price thresholds applicable to royalty suspension provisions, and for other purposes. Introduced in House IH Short Titles as Introduced Royalty Relief for American Consumers Act of 2010 Introduced in House 2010-01-26T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr4521ih/xml/BILLS-111hr4521ih.xml 2010-01-29 Referred to the Subcommittee on Energy and Mineral 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.