3.0.0 1352 2021-04-19T18:28:28Z 2021-04-19T18:28:28Z House H HR 2011-04-04 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. MARKEY:H.R. 1352.Congress has the power to enact this legislation pursuantto the following:The Constitutional authority of Congress to enact thislegislation is provided by Article IV, Section 3, whichprovides that Congress shall have the power to dispose of andmake all needful Rules and Regulations respecting theTerritory or other Property belonging to the United States.[Page H2292]]]> hsii00 Natural Resources Committee House Standing hsii06 Energy and Mineral Resources Subcommittee Referred to 2011-04-07T13:42:42Z Referred to 2011-04-04T16:00:27Z Implementing the Recommendations of the BP Oil Spill Commission Act of 2011 112 501 HR 2011-02-25 Referred to the Subcommittee on Workforce Protections. Related bill CRS Taxpayer and Gas Price Relief Act of 2011 112 1748 HR 2011-05-16 Referred to the Subcommittee on Energy and Mineral Resources. Related bill CRS Fair Payment for Energy and Mineral Production on Public Lands Act 112 3446 HR 2011-12-05 Referred to the Subcommittee on Energy and Mineral Resources. Related bill CRS 2011-04-07 hsii06 Energy and Mineral Resources Subcommittee 1 House committee actions Referred to the Subcommittee on Energy and Mineral Resources. Committee 2011-04-04 Referred to the House Committee on Natural Resources. IntroReferral H11100 2 House floor actions hsii00 Natural Resources Committee 2011-04-04 Introduced in House IntroReferral Intro-H 9 Library of Congress 2011-04-04 Introduced in House IntroReferral 1000 9 Library of Congress M000133 Rep. Markey, Edward J. [D-MA-7] Edward Markey D MA J. 7 N H001032 Rep. Holt, Rush [D-NJ-12] RUSH HOLT D NJ D. 12 2011-04-04 True H000627 Rep. Hinchey, Maurice D. [D-NY-22] MAURICE HINCHEY D NY D. 22 2011-04-04 True M000725 Rep. Miller, George [D-CA-7] GEORGE MILLER D CA 7 2011-04-04 True C001036 Rep. Capps, Lois [D-CA-23] LOIS CAPPS D CA 23 2011-04-04 True M000933 Rep. Moran, James P. [D-VA-8] JAMES MORAN D VA P. 8 2011-04-04 True S001177 Del. Sablan, Gregorio Kilili Camacho [D-MP-At Large] Gregorio Sablan D MP Kilili Camacho 0 2011-04-06 False F000339 Rep. Frank, Barney [D-MA-4] BARNEY FRANK D MA 4 2011-06-20 False W000800 Rep. Welch, Peter [D-VT-At Large] Peter Welch D VT 0 2011-11-17 False Public Lands and Natural Resources Budget deficits and national debt Energy prices Energy revenues and royalties Gulf of Mexico Marine and coastal resources, fisheries Oil and gas Public Lands and Natural Resources 00 2011-04-04 Introduced in House 2011-06-03T21:41:56Z Deficit Reduction Through Fair Oil Royalties Act - Prohibits the Secretary of the Interior from issuing new oil or natural gas production leases in the Gulf of Mexico under the Outer Continental Shelf Lands Act (OCSLA) to a person that does not renegotiate its existing leases in order to require royalty payments if oil and natural gas prices are greater than or equal to specified price thresholds.

Authorizes the Secretary, in the case of multiple lessees, to implement a separate agreement modifying payment responsibilities (including such price thresholds) with any lessee that owns a lease share. Prescribes analogous requirements for lease transfers.

Requires rentals or royalties received by the United States to be deposited in the Treasury for federal budget deficit reduction or, if there is no federal budget deficit, for reducing the federal debt.

Directs the Secretary to agree to a lessee's request to amend any lease issued for any Central and Western Gulf of Mexico tract in the period of January 1, 1996, through November 28, 2000, to incorporate price thresholds applicable to royalty suspension requirements that are equal to or less than the price thresholds specified under OCSLA.

]]> Deficit Reduction Through Fair Oil Royalties Act Short Titles as Introduced Deficit Reduction Through Fair Oil Royalties Act Display Title Deficit Reduction Through Fair Oil Royalties Act Official Title as Introduced To prohibit the Secretary of the Interior from issuing any new lease that authorizes the production of oil or natural gas under the Outer Continental Shelf Lands Act to a person that does not renegotiate existing leases held by the person to incorporate limitations on royalty relief based on market price that are equal to or less than price thresholds that apply to other leases under that Act, and for other purposes. Introduced in House 2011-04-04T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr1352ih/xml/BILLS-112hr1352ih.xml 2011-04-07 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.