US SB2906 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on November 20 2019 - 25% progression, died in committee
Action: 2019-11-20 - Read twice and referred to the Committee on Energy and Natural Resources.
Pending: Senate Energy And Natural Resources Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on November 20 2019 - 25% progression, died in committee
Action: 2019-11-20 - Read twice and referred to the Committee on Energy and Natural Resources.
Pending: Senate Energy And Natural Resources Committee
Text: Latest bill text (Introduced) [PDF]
Summary
A bill to prohibit 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 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, and for other purposes.
Title
Stop Giving Big Oil Free Money Act
Sponsors
| Sen. Edward Markey [D-MA] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-11-20 | Senate | Read twice and referred to the Committee on Energy and Natural Resources. |
Same As/Similar To
HB5186 (Related) 2019-12-06 - Referred to the Subcommittee on Energy and Mineral Resources.
Subjects
Energy
Energy prices
Energy revenues and royalties
Gulf of Mexico
Marine and coastal resources, fisheries
Oil and gas
Energy prices
Energy revenues and royalties
Gulf of Mexico
Marine and coastal resources, fisheries
Oil and gas
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/senate-bill/2906/all-info |
| Text | https://www.congress.gov/116/bills/s2906/BILLS-116s2906is.pdf |
