H.R.6051: Deficit Reduction Through Fair Oil Royalties Act

About This Bill

Bill Summary

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...

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Natural Resources.
Referred to the Subcommittee on Energy and Mineral Resources.
July 30, 2010

Introduced in the House by Edward J. Markey (D-Mass.)

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