U.S. Congress - H.R.2673 Gulf Coast Oil and Gas Royalty Giveaway Repeal and Deficit Reduction Act
H.R.2673 - Gulf Coast Oil and Gas Royalty Giveaway Repeal and Deficit Reduction Act
To amend the Gulf of Mexico Energy Security Act of 2006 to modify the disposition of qualified treatment qualified outer Continental Shelf revenues under that Act, and for other purposes. view all titles (2)
All Bill Titles
- Official: To amend the Gulf of Mexico Energy Security Act of 2006 to modify the disposition of qualified treatment qualified outer Continental Shelf revenues under that Act, and for other purposes. as introduced.
- Short: Gulf Coast Oil and Gas Royalty Giveaway Repeal and Deficit Reduction Act as introduced.
This Bill currently has no wiki content. If you would like to create a wiki entry for this bill, please Login, and then select the wiki tab to create it.
Bill's Views
- Today: 3
- Past Seven Days: 12
- All-Time: 860
|
|
|
|
|
|
|
|
Official Summary
7/27/2011--Introduced.Gulf Coast Oil and Gas Royalty Giveaway Repeal and Deficit Reduction Act - Amends the Gulf of Mexico Energy Security Act of 2006 to direct the Secretary of the Treasury to deposit: (1) 87.5% of qualified outer Continental Shelf (OCS) revenues into the general fund ofOfficial Summary
7/27/2011--Introduced.Gulf Coast Oil and Gas Royalty Giveaway Repeal and Deficit Reduction Act - Amends the Gulf of Mexico Energy Security Act of 2006 to direct the Secretary of the Treasury to deposit:(1) 87.5% of qualified outer Continental Shelf (OCS) revenues into the general fund of the Treasury, and
(2) 12.5 % of qualified OCS revenues in a special account in the Treasury to be disbursed 100% to provide financial assistance to states. Considers such funds income to the Land and Water Conservation Fund. Requires rentals or royalties received by the United States from leases under such Act to be deposited into the Treasury and used for federal budget deficit reduction or, if there is no federal budget deficit, for reducing the federal debt.
...Read the Rest
Vote on This Bill
-
Share This Bill
More Share via Email
