S.Amdt. 3850
What it does: Rewrites the text S.Amdt. 3665 would insert
Sen. Ron Wyden (D-OR)What it changes
1 change to S.Amdt. 3665 · shown in S.Amdt. 3665's text
Rewrites the text S.Amdt. 3665 would insert
Rewrites S.Amdt. 3665In place of the text S.Amdt. 3665 would insertIn S.Amdt. 3665 as proposed
PROHIBITION OF FUNDS FOR OIL AND NATURAL GAS ROYALTY RELIEF
Sec. 7032. (a) No funds made available under this Act or any other Act for any fiscal year for royalty and offshore minerals management may be used by the Secretary of the Interior to provide relief from a requirement to pay a royalty for the production of oil or natural gas from Federal land during any
[struck: period][inserted: year] in which--(1) for the production of oil, the [inserted: arithmetic ]average
[struck: price ]of[struck: crude oil in ][inserted: the closing prices on ]the[struck: United States ][inserted: New York Mercantile Exchange for light sweet crude oil ]is greater than $55 a barrel; and(2) for the production of natural gas, the [inserted: arithmetic ]average
[struck: price ]of[struck: natural gas in ][inserted: the closing prices on ]the[struck: United States ][inserted: New York Mercantile Exchange for natural gas ]is [inserted: greater than ]$10 per[struck: 1,000 cubic feet of natural gas][inserted: million British thermal units].(b) In administering funds made available for royalty or offshore minerals management, the Secretary of the Interior may waive or specify alternative requirements if the Secretary of the Interior determines that royalty relief is necessary to avoid oil or natural gas supply disruptions as a consequence of hurricanes or other natural disasters.
Original wording
In lieu of the matter proposed to be inserted, insert the following:
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As printed
SA 3850. Mr. WYDEN (for himself, Mr. Kyl, Mr. Lieberman, Ms. Snowe, Mr. Lautenberg, and Mrs. Boxer) submitted an amendment intended to be proposed to amendment SA 3665 proposed by Mr. Wyden to the bill H.R. 4939, making emergency supplemental appropriations for the fiscal year ending September 30, 2006, and for other purposes; which was ordered to lie on the table; as follows:
In lieu of the matter proposed to be inserted, insert the following:
PROHIBITION OF FUNDS FOR OIL AND NATURAL GAS ROYALTY RELIEF
Sec. 7032. (a) No funds made available under this Act or any other Act for any fiscal year for royalty and offshore minerals management may be used by the Secretary of the Interior to provide relief from a requirement to pay a royalty for the production of oil or natural gas from Federal land during any year in which--
(1) for the production of oil, the arithmetic average of the closing prices on the New York Mercantile Exchange for light sweet crude oil is greater than $55 a barrel; and
(2) for the production of natural gas, the arithmetic average of the closing prices on the New York Mercantile Exchange for natural gas is greater than $10 per million British thermal units.
(b) In administering funds made available for royalty or offshore minerals management, the Secretary of the Interior may waive or specify alternative requirements if the Secretary of the Interior determines that royalty relief is necessary to avoid oil or natural gas supply disruptions as a consequence of hurricanes or other natural disasters.
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Senate amendment submitted
May 2, 2006