To prohibit the suspension of royalties under certain circumstances, to clarify the authority to impose price thresholds for certain leases.

SA 4842. Mr. KYL (for himself, Mr. Wyden, and Mr. DeWine) submitted
an amendment intended to be proposed by him to the bill H.R. 5631,
making appropriations for the Department of Defense for the fiscal year
ending September 30, 2007, and for other purposes; which was ordered to
lie on the table; as follows:

At the appropriate place, insert the following:

SEC. __. ROYALTY RELIEF FOR PRODUCTION OF OIL AND GAS.

(a) Price Thresholds.--Notwithstanding any other provision
of law, the Secretary of the Interior shall place limitations
based on market price on the royalty relief granted under any
lease for the production of oil or natural gas on Federal
land (including submerged land) entered into by the Secretary
of the Interior on or after the date of enactment of this
Act.
(b) Clarification of Authority To Impose Price Thresholds
for Certain Lease Sales.--Congress reaffirms the authority of
the Secretary of the Interior under section 8(a)(1)(H) of the
Outer Continental Shelf Lands Act (43 U.S.C. 1337(a)(1)(H))
to vary, based on the price of production from a lease, the
suspension of royalties under any lease subject to section
304 of the Outer Continental Shelf Deep Water Royalty Relief
Act (Public Law 104-58; 43 U.S.C. 1337 note).
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