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HR 1352 112th Congress House Public Lands and Natural Resources Budget deficits and national debt Energy prices Energy revenues and royalties Gulf of Mexico Marine and coastal resources, fisheries Oil and gas

Deficit Reduction Through Fair Oil Royalties Act

Introduced: April 4, 2011 Introduced by: Markey, Edward J. Democratic · Massachusetts See on congress.gov
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This bill died when the 112th Congress ended
It never became law before the 112th Congress (2011–2012) 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
Apr 7, 2011
Referred to the Subcommittee on Energy and Mineral Resources.
Apr 4, 2011
Referred to the House Committee on Natural Resources.
Apr 4, 2011
Introduced in House
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 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.

What's happening now April 7, 2011

Referred to the Subcommittee on Energy and Mineral Resources.

 Related & companion bills 3
  • HR 501 Related bill Implementing the Recommendations of the BP Oil Spill Commission Act of 2011
  • HR 1748 Related bill Taxpayer and Gas Price Relief Act of 2011
  • HR 3446 Related bill Fair Payment for Energy and Mineral Production on Public Lands Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1
D
Welch, Peter
Vermont · Nov 17, 2011
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1352: Deficit Reduction Through Fair Oil Royalties Act. 112th Congress. Open America. https://openamerica.io/bill/112-HR-1352/
MLA
"H.R. 1352: Deficit Reduction Through Fair Oil Royalties Act." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-HR-1352/.
Bluebook (legal)
H.R. 1352, 112th Cong. (2026), https://openamerica.io/bill/112-HR-1352/.
Markdown link
[H.R. 1352: Deficit Reduction Through Fair Oil Royalties Act](https://openamerica.io/bill/112-HR-1352/)
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