[Congressional Record Volume 162, Number 18 (Monday, February 1, 2016)]
[Senate]
[Page S429]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 3149. Mr. HATCH 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. 31__. REPORT REQUIREMENT FOR FEDERAL ONSHORE OIL AND 
                   GAS.

       (a) In General.--The Secretary of the Interior may not 
     alter royalties for Federal onshore oil and gas development 
     without first--
       (1) submitting a report to Congress--
       (A) demonstrating that the proposed action would not result 
     in a net loss in jobs to the affected communities where the 
     Federal onshore oil and gas development occurs;
       (B) detailing any potential economic impacts the action 
     would have on rural economies; and
       (C) containing an independent analysis of the direct and 
     indirect impact of the action on small businesses impacted by 
     a change in royalty structure; and
       (2) giving the appropriate committees of Congress not fewer 
     than 90 days to review the report submitted under paragraph 
     (1).
       (b) Requirements for Report.--The report submitted under 
     subsection (a) shall include information describing the 
     impact the action will have on--
       (1) net revenue to the Treasury of the United States and to 
     the States, taking into consideration the effect the new 
     royalty will have on the net loss in jobs in affected 
     communities where the Federal onshore oil and gas development 
     occurs;
       (2) rural economies, specifically areas dependent on the 
     Federal onshore oil and gas development; and
       (3) domestic energy production and energy independence.
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