HR 4749
109th Congress
House
Public Lands and Natural Resources
Commerce
Energy
Energy prices
Gas industry
Oil and gas leases
Oil and gas royalties
Petroleum industry
Subsidies
Royalty Relief for American Consumers Act of 2006
Introduced: February 14, 2006
Introduced by:
Markey, Edward J.
Democratic
· Massachusetts
See on congress.gov
Everywhere this bill has been
5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 17, 2006
Executive Comment Requested from Interior.
Feb 17, 2006
Referred to the Subcommittee on Energy and Mineral Resources.
Feb 14, 2006
Referred to the House Committee on Resources.
Feb 14, 2006
Sponsor introductory remarks on measure. (CR E144)
Feb 14, 2006
Introduced in House
Plain-English summary
Royalty Relief for American Consumers Act of 2006 - Directs the Secretary of the Interior to suspend relief from any federal requirement to pay royalty (thus requiring the payment of royalties to the federal government) for production of oil or natural gas from federal lands (including submerged lands) during any period in which average prices of either crude oil or natural gas exceed specified amounts.
Instructs the Secretary to seek to renegotiate certain existing leases authorizing production of oil or natural gas on federal land to conform with this Act.
Conditions eligibility for renewal of such leases or new leases for existing lessees upon compliance with this Act.
What's happening now
Executive Comment Requested from Interior.
Committees of jurisdiction
2