S 2314
109th Congress
Senate
Public Lands and Natural Resources
Commerce
Energy
Energy prices
Gas industry
Oil and gas leases
Oil and gas royalties
Petroleum industry
Subsidies
Royalty Relief Act of 2006
Introduced: February 16, 2006
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 16, 2006
Read twice and referred to the Committee on Energy and Natural Resources.
Feb 16, 2006
Introduced in Senate
Plain-English summary
Royalty Relief for American Consumers Act of 2006 - Directs the Secretary of the Interior to suspend royalty relief from any federal requirement to pay royalty (thus requiring the payment of royalties to the federal government) for production oil or natural gas from federal lands (including submerged land) during any period in which specified prices apply to either crude oil or natural gas.
Instructs the Secretary 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
Read twice and referred to the Committee on Energy and Natural Resources.
Committees of jurisdiction
1