S 2906
116th Congress
Senate
Energy
Energy prices
Energy revenues and royalties
Gulf of Mexico
Marine and coastal resources, fisheries
Oil and gas
Stop Giving Big Oil Free Money Act
Introduced: November 20, 2019
Introduced by:
Markey, Edward J.
Democratic
· Massachusetts
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 20, 2019
Read twice and referred to the Committee on Energy and Natural Resources.
Nov 20, 2019
Introduced in Senate
Plain-English summary
Stop Giving Big Oil Free Money Act
This bill prohibits the Department of the Interior from issuing new oil or natural gas production leases in the Gulf of Mexico to any person who does not renegotiate certain existing leases to require royalty payments if the price of oil and natural gas is greater than or equal to specified price thresholds.
Interior must also, upon request, agree to amend any lease issued for any Central and Western Gulf of Mexico tract during the period of January 1, 1996, through November 28, 2000, to incorporate specified price thresholds.
What's happening now
Read twice and referred to the Committee on Energy and Natural Resources.
Committees of jurisdiction
1