S.Amdt. 5381
What it does: Adds SEC. 1083. SENSE OF THE SENATE ON THE USE OF OIL REVENUES IN IRAQ at the end of subtitle G of title X
Sen. Charles E. Schumer (D-NY)What it changes
1 change to S. 3001 · shown in the bill's text
Adds SEC. 1083. SENSE OF THE SENATE ON THE USE OF OIL REVENUES IN IRAQ at the end of subtitle G of title X
Adds a sectionIn S. 3001 · Placed on Calendar Senate
(2) in paragraph (2), by striking "implemented" and inserting "developed".
Inserted: SEC. 1083. SENSE OF THE SENATE ON THE USE OF OIL REVENUES IN IRAQ.
Inserted: (a) Findings.--The Senate makes the following findings:
Inserted: (1) Congress has called on the Government of Iraq to ensure that the energy resources of Iraq benefit Sunni Arabs, Shia Arabs, Kurds, and other citizens of Iraq in an equitable manner.
Inserted: (2) The Government of Iraq has failed to pass national hydrocarbon revenue-sharing legislation to ensure the equitable distribution of oil revenues to the people of Iraq, a national security priority of the United States Government.
Inserted: (3) The failure to pass such legislation leaves Iraq at great risk of suffering from the "oil curse", marked by declining economic growth, vast inequality, political repression, and continuing violence.
Inserted: (4) According to the Government Accountability Office, the Government of Iraq will receive as much as $80,000,000,000 in oil revenues in 2008 and has a projected budget surplus for 2008 of almost $50,000,000,000.
Inserted: (5) As of September 2008, the United States Government has spent approximately $48,000,000,000 on reconstruction projects in Iraq, while the Government of Iraq has spent roughly $4,000,000,000 on reconstruction projects.
Inserted: (b) Sense of the Senate.--It is the sense of the Senate that--
Inserted: (1) the Government of Iraq should immediately pass national hydrocarbon revenue-sharing legislation to ensure the equitable distribution of oil revenues in Iraq;
Inserted: (2) the Government of Iraq should significantly increase its contribution to the funding of reconstruction projects in Iraq; and
Inserted: (3) the United States Government, in the budget and appropriations process for fiscal years after fiscal year 2008, should reduce appropriations for reconstruction in Iraq by the amount of oil revenue that accrues to the Government of Iraq before the Government of Iraq enacts national hydrocarbon revenue-sharing legislation.
Original wording
At the end of subtitle G of title X, add the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 5381. Mr. SCHUMER submitted an amendment intended to be proposed by him to the bill S. 3001, to authorize appropriations for fiscal year 2009 for military activities of the Department of Defense, for military construction, and for defense activities of the Department of Energy, to prescribe military personnel strengths for such fiscal year, and for other purposes; which was ordered to lie on the table; as follows:
At the end of subtitle G of title X, add the following:
SEC. 1083. SENSE OF THE SENATE ON THE USE OF OIL REVENUES IN IRAQ.
(a) Findings.--The Senate makes the following findings:
(1) Congress has called on the Government of Iraq to ensure that the energy resources of Iraq benefit Sunni Arabs, Shia Arabs, Kurds, and other citizens of Iraq in an equitable manner.
(2) The Government of Iraq has failed to pass national hydrocarbon revenue-sharing legislation to ensure the equitable distribution of oil revenues to the people of Iraq, a national security priority of the United States Government.
(3) The failure to pass such legislation leaves Iraq at great risk of suffering from the “oil curse”, marked by declining economic growth, vast inequality, political repression, and continuing violence.
(4) According to the Government Accountability Office, the Government of Iraq will receive as much as $80,000,000,000 in oil revenues in 2008 and has a projected budget surplus for 2008 of almost $50,000,000,000.
(5) As of September 2008, the United States Government has spent approximately $48,000,000,000 on reconstruction projects in Iraq, while the Government of Iraq has spent roughly $4,000,000,000 on reconstruction projects.
(b) Sense of the Senate.--It is the sense of the Senate that--
(1) the Government of Iraq should immediately pass national hydrocarbon revenue-sharing legislation to ensure the equitable distribution of oil revenues in Iraq;
(2) the Government of Iraq should significantly increase its contribution to the funding of reconstruction projects in Iraq; and
(3) the United States Government, in the budget and appropriations process for fiscal years after fiscal year 2008, should reduce appropriations for reconstruction in Iraq by the amount of oil revenue that accrues to the Government of Iraq before the Government of Iraq enacts national hydrocarbon revenue-sharing legislation.
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Senate amendment submitted
September 10, 2008