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HR 6051 111th Congress House

Deficit Reduction Through Fair Oil Royalties Act

Official title: 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 Lan… Show full official titleShow less

Official title: 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.

Introduced: July 30, 2010 Introduced by: Markey, Edward J. Democratic · Massachusetts See on congress.gov
Public Lands and Natural Resources Budget deficits and national debtEnergy pricesEnergy revenues and royaltiesGulf of Mexico
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Marine and coastal resources, fisheriesOil and gas
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 9, 2010
Referred to the Subcommittee on Energy and Mineral Resources.
Jul 30, 2010
Referred to the House Committee on Natural Resources.
Jul 30, 2010
Introduced in House
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 Latest action August 9, 2010

Referred to the Subcommittee on Energy and Mineral Resources.

 Plain-English summary Congressional Research Service

Deficit Reduction Through Fair Oil Royalties Act - Prohibits the Secretary of the Interior from issuing new oil or natural gas production leases in the Gulf of Mexico under the Outer Continental Shelf Lands Act (OCSLA) to a person that does not renegotiate its existing leases in order to require royalty payments if oil and natural gas prices are greater than or equal to specified price thresholds.

Authorizes the Secretary, in the case of multiple lessees, to implement a separate agreement modifying payment responsibilities (including such price thresholds) with any lessee that owns a lease share. Prescribes analogous requirements for lease transfers.

Requires rentals or royalties received by the United States to be deposited in the Treasury for federal budget deficit reduction or, if there is no federal budget deficit, for reducing the federal debt.

Directs the Secretary to agree to a lessee's request to amend any lease issued for any Central and Western Gulf of Mexico tract in the period of January 1, 1996, through November 28, 2000, to incorporate price thresholds applicable to royalty suspension requirements that are equal to or less than the price thresholds specified under OCSLA.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1
D
Welch, Peter
Vermont · Jul 30, 2010
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 6051: Deficit Reduction Through Fair Oil Royalties Act. 111th Congress. Open America. https://openamerica.io/bill/111-HR-6051/
MLA
"H.R. 6051: Deficit Reduction Through Fair Oil Royalties Act." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-6051/.
Bluebook (legal)
H.R. 6051, 111th Cong. (2026), https://openamerica.io/bill/111-HR-6051/.
Markdown link
[H.R. 6051: Deficit Reduction Through Fair Oil Royalties Act](https://openamerica.io/bill/111-HR-6051/)
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