I 112th CONGRESS 1st Session H. R. 1759 IN THE HOUSE OF REPRESENTATIVES May 5, 2011 Mr. Bonner introduced the following bill; which was referred to the Committee on Natural Resources A BILL To amend the Gulf of Mexico Energy Security Act of 2006 to increase the amount of Gulf of Mexico oil and gas lease revenue shared with Gulf States.

1.

Short title

This Act may be cited as the Strengthening Our Share Act or the S.O.S. Act.

2.

Increase in amount of Gulf of Mexico oil and gas lease revenue shared with Gulf States

(a)

Acceleration of planned sharing of revenue from all Gulf of Mexico leases entered into on and after 12/20/06

The Gulf of Mexico Energy Security Act of 2006 (division C of Public Law 109–432; 43 U.S.C. 1331 note) is amended— (1)in section 102(9)(A)— (A)in clause (i), by striking 2016 and inserting 2009; and (B)in clause (ii)— (i)by striking 2017 and inserting 2010; and (ii)by striking 2016 and inserting 2009; and (2)in section 105(b)— (A)in paragraph (1)— (i)in the paragraph heading, by striking 2016 and inserting 2009; and (ii)in subparagraph (A), by striking 2016 and inserting 2009; and (B)in paragraph (2)— (i)in the paragraph heading, by striking 2017 and inserting 2010; and (ii)in subparagraph (A), by striking 2017 and inserting 2010. (b)

Sharing of revenue from all Gulf of Mexico leases entered into before 12/20/06

The Gulf of Mexico Energy Security Act of 2006 (division C of Public Law 109–432; 43 U.S.C. 1331 note) is amended— (1)in section 102(9)(A)(ii), by striking entered into on or after the date of enactment of this Act and all that follows and inserting entered into before, on, or after the date of enactment of this Act for any area in the Gulf of Mexico.; and (2)in section 105(b)(2)(A)— (A)in clause (i), by striking and at the end; (B)in clause (ii), by striking the period at the end and inserting ; and; and (C)by adding at the end the following new clause: (iii)the amount made available under subsection (a)(2) from any lease entered into within any other area shall be allocated to each Gulf producing State using rules substantially similar to the rules in clauses (i) and (ii). . (c)

Repeal of limitation on amount of distributed qualified outer Continental Shelf revenues

Section 105(f) of the Gulf of Mexico Energy Security Act of 2006 (division C of Public Law 109–432; 43 U.S.C. 1331 note) is repealed. (d)

Application

The amendments made by this section shall apply only to rentals, royalties, bonus bids, and other sums received by the United States on and after the date of the enactment of this Act.