H.R.1352 - Deficit Reduction Through Fair Oil Royalties Act

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. view all titles (2)

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Official: 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. as introduced.
Short: Deficit Reduction Through Fair Oil Royalties Act as introduced.

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Apr 4th	Referred to the House Committee on Natural Resources.
Apr 4th	Introduced in House
Apr 7th	Referred to the Subcommittee on Energy and Mineral Resources.