[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[S. 3760 Introduced in Senate (IS)]








109th CONGRESS
  2d Session
                                S. 3760

To prohibit the suspension of royalties under certain circumstances and 
to clarify the authority to impose price thresholds for certain leases.


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                   IN THE SENATE OF THE UNITED STATES

                July 27 (legislative day, July 26), 2006

  Mr. Kyl (for himself and Mr. DeWine) introduced the following bill; 
   which was read twice and referred to the Committee on Energy and 
                           Natural Resources

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                                 A BILL


 
To prohibit the suspension of royalties under certain circumstances and 
to clarify the authority to impose price thresholds for certain leases.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Royalty Relief Suspension Act of 
2006''.

SEC. 2. ROYALTY RELIEF FOR PRODUCTION OF OIL AND GAS.

    (a) Price Thresholds.--Notwithstanding any other provision of law, 
the Secretary of the Interior (referred to in this Act as the 
``Secretary'') shall place limitations based on market price on the 
royalty relief granted under any lease for the production of oil or 
natural gas on Federal land (including submerged land) entered into by 
the Secretary on or after the date of enactment of this Act.
    (b) Clarification of Authority to Impose Price Thresholds for 
Certain Lease Sales.--Congress reaffirms the authority of the Secretary 
under section 8(a)(1)(H) of the Outer Continental Shelf Lands Act (43 
U.S.C. 1337(a)(1)(H)) to vary, based on the price of production from a 
lease, the suspension of royalties under any lease subject to section 
304 of the Outer Continental Shelf Deep Water Royalty Relief Act 
(Public Law 104-58; 43 U.S.C. 1337 note).
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