[Congressional Record Volume 162, Number 16 (Wednesday, January 27, 2016)]
[Senate]
[Page S268]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2987. Mr. BENNET (for himself and Mr. Gardner) submitted an 
amendment intended to be proposed to amendment SA 2953 proposed by Ms. 
Murkowski to the bill S. 2012, to provide for the modernization of the 
energy policy of the United States, and for other purposes; which was 
ordered to lie on the table; as follows:

       At the end of subtitle B of title III, add the following:

     SEC. 3105. TREATMENT OF OIL SHALE RESERVE RECEIPTS.

       Section 7439 of title 10, United State States Code, is 
     amended--
       (1) in subsection (f)--
       (A) by striking paragraph (1) and inserting the following:
       ``(1) Disposition.--
       ``(A) In general.--Notwithstanding section 35 of the 
     Mineral Leasing Act (30 U.S.C. 191), the amounts received 
     during the period specified in paragraph (2) from a lease 
     under this section (including moneys in the form of sales, 
     bonuses, royalties (including interest charges collected 
     under the Federal Oil and Gas Royalty Management Act of 1982 
     (30 U.S.C. 1701 et seq.)), and rentals) that do not exceed 
     the sum of the amounts specified in subparagraphs (A) and (B) 
     of paragraph (2)--
       ``(i) shall be deposited in the Treasury; and
       ``(ii) shall not be subject to distribution to the States 
     pursuant to section 35(a) of the Mineral Leasing Act (30 
     U.S.C. 191(a)).
       ``(B) Mineral leasing act.--Any amounts received during the 
     period specified in paragraph (2) from a lease under this 
     section (including moneys in the form of sales, bonuses, 
     royalties (including interest charges collected under the 
     Federal Oil and Gas Royalty Management Act of 1982 (30 U.S.C. 
     1701 et seq.)), and rentals) that exceed the sum of the 
     amounts specified in subparagraphs (A) and (B) of paragraph 
     (2)--
       ``(i) shall be deposited in the Treasury; and
       ``(ii) shall be subject to distribution to the States 
     pursuant to section 35(a) of the Mineral Leasing Act (30 
     U.S.C. 191(a)).
       ``(C) No impact on payments in lieu of taxes.--Nothing in 
     this paragraph impacts or reduces any payment authorized 
     under section 6903 of title 31, United States Code.''; and
       (B) in paragraph (2)--
       (i) by striking ``(2) The period'' and inserting the 
     following:
       ``(2) Period.--The period''; and
       (ii) in the matter preceding subparagraph (A), by striking 
     ``paragraph (1)'' and inserting ``paragraph (1)(A)''; and
       (2) in subsection (g)--
       (A) in paragraph (1), in the matter preceding subparagraph 
     (A), by striking ``subsection (f)(1)'' and inserting 
     ``subsection (f)(1)(A)''; and
       (B) in paragraph (2), in the first sentence, by striking 
     ``subsection (f)(1)'' and inserting ``subsection (f)(1)(A)''.
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