S.Amdt. 4960

1. Adds TITLE XVIII--ENERGY NEEDED OFFSHORE UNDER GAS HIKES at the end of the bill

   Adds a title

   In S. 3036 · Placed on Calendar Senate

   (3) in subparagraph (A), by striking "air pollution which" and inserting "air pollution or water pollution (including any degradation in the quality of groundwater) that".

   Inserted: TITLE XVIII--ENERGY NEEDED OFFSHORE UNDER GAS HIKES

   Inserted: SEC. 1801. DEFINITIONS.

   Inserted: In this title:

   Inserted: (1) Eligible producing state.--The term "eligible producing State" means--

   Inserted: (A) a new producing State; and

   Inserted: (B) any other producing State that has, within the offshore administrative boundaries beyond the submerged land of a State, areas available for oil leasing, natural gas leasing, or both.

   Inserted: (2) New producing area.--The term "new producing area" means an area that is--

   Inserted: (A) within the offshore administrative boundaries beyond the submerged land of a State; and

   Inserted: (B) not available for oil or natural gas leasing as of the date of enactment of this Act.

   Inserted: (3) New producing state.--The term "new producing State" means a State with respect to which a petition has been approved by the Secretary under section 3(a).

   Inserted: (4) Qualified revenues.--The term "qualified revenues" means all rentals, royalties, bonus bids, and other sums due and payable to the United States from leases entered into on or after the date of enactment of this Act for new producing areas.

   Inserted: (5) Secretary.--The term "Secretary" means the Secretary of the Interior.

   Show 24 more inserted paragraphsShow less

   Inserted: SEC. 1802. OIL AND NATURAL GAS LEASING IN NEW PRODUCING AREAS.

   Inserted: (a) Petition for Leasing New Producing Areas.--

   Inserted: (1) In general.--Notwithstanding any other provision of law, during any period in which the price per gallon of regular gasoline is equal to or greater than $5, the Governor of a State, with the concurrence of the State legislature, may submit to the Secretary a petition requesting that the Secretary make a new producing area of the State eligible for oil leasing, gas leasing, or both, as determined by the State, in accordance with the Outer Continental Shelf Lands Act (43 U.S.C. 1331 et seq.) and the Mineral Leasing Act (30 U.S.C. 181 et seq.).

   Inserted: (2) Natural gas leasing only.--The Governor of a State, with the concurrence of the State legislature, may, in a petition submitted under paragraph (1), make a request to allow natural gas leasing only.

   Inserted: (3) Action by secretary.--As soon as practicable after the date on which the Secretary receives a petition under paragraph (1), the Secretary shall approve or disapprove the petition.

   Inserted: (b) Disposition of Qualified Outer Continental Shelf Revenues From Eligible Producing States.--Notwithstanding section 9 of the Outer Continental Shelf Lands Act (43 U.S.C. 1338), for each applicable fiscal year, the Secretary of the Treasury shall deposit--

   Inserted: (1) 25 percent of qualified revenues in the general fund of the Treasury; and

   Inserted: (2) 75 percent of qualified revenues in a special account in the Treasury, from which the Secretary shall disburse--

   Inserted: (A) 37.5 percent to eligible producing States for new producing areas, to be allocated in accordance with subsection (c)(1);

   Inserted: (B) 12.5 percent to provide financial assistance to States in accordance with section 6 of the Land and Water Conservation Fund Act of 1965 (16 U.S.C. 460l-8);

   Inserted: (C) 5 percent to small business development centers to provide--

   Inserted: (i) technical assistance to small businesses relating to beginning operation; or

   Inserted: (ii) ongoing counseling;

   Inserted: (D) 5 percent to carry out programs under the Adam Walsh Child Protection and Safety Act of 2006 (42 U.S.C. 16901 et seq.);

   Inserted: (E) 5 percent to provide assistance under the low-income home energy assistance program established under the Low-Income Home Energy Assistance Act of 1981 (42 U.S.C. 8621 et seq.);

   Inserted: (F) 2.5 percent to provide assistance under the Maternal and Child Health Block Grant under title V of the Social Security Act (42 U.S.C. 701 et seq.);

   Inserted: (G) 2.5 percent to States for historic offshore production distribution; and

   Inserted: (H) 5 percent of qualified revenues to the Highway Trust Fund.

   Inserted: (c) Allocation to Eligible Producing States.--

   Inserted: (1) In general.--The amount made available under subsection (b)(2)(A) shall be allocated to eligible producing States in amounts (based on a formula established by the Secretary by regulation) that are inversely proportional to the respective distances between the point on the coastline of each eligible producing State that is closest to the geographic center of the applicable leased tract and the geographic center of the leased tract, as determined by the Secretary.

   Inserted: (2) Use.--Amounts allocated to an eligible producing State under paragraph (1) shall be used to address the impacts of any oil and natural gas exploration and production activities under this title.

   Inserted: (d) Effect.--Nothing in this title affects--

   Inserted: (1) the amount of funds otherwise dedicated to the land and water conservation fund established under section 2 of the Land and Water Conservation Fund Act of 1965 (16 U.S.C. 460l-5); or

   Inserted: (2) any authority that permits energy production under any other provision of law.

   Original wording

   At the end, add the following:

Read automatically from the Congressional Record. Check the original before relying on it.

As printed