S.Amdt. 4516

SA 4516. Mr. VITTER submitted an amendment intended to be proposed to
amendment SA 4500 proposed by Mr. Reid (for Mr. LeMieux (for himself,
Ms. Landrieu, Mr. Merkley, Mrs. Boxer, Ms. Cantwell, Ms. Klobuchar, and
Mrs. Murray)) to the amendment SA 4499 proposed by Mr. Reid (for Mr.
Baucus) to the bill H.R. 5297, to create the Small Business Lending
Fund Program to direct the Secretary of the Treasury to make capital
investments in eligible institutions in order to increase the
availability of credit for small businesses, to amend the Internal
Revenue Code of 1986 to provide tax incentives for small business job
creation, and for other purposes; which was ordered to lie on the
table; as follows:

At the end of the amendment, add the following:

DIVISION B--MORATORIUM

SEC. 2001. LIMITATION ON MORATORIUM ON CERTAIN PERMITTING AND
DRILLING ACTIVITIES.

(a) In General.--The moratorium set forth in the decision
memorandum of the Secretary of the Interior entitled
``Decision memorandum regarding the suspension of certain
offshore permitting and drilling activities on the Outer
Continental Shelf'' and dated July 12, 2010, and any
suspension of operations issued in connection with the
moratorium, shall not apply to an applicant for a permit to
drill if the Secretary determines that the applicant--
(1) has complied with the notice entitled ``National Notice
to Lessees and Operators of Federal Oil and Gas Leases, Outer
Continental Shelf (OCS)'' dated June 8, 2010 (NTL No. 2010-
N05) and the notice entitled ``National Notice to Lessees and
Operators of Federal Oil and Gas Leases, Outer Continental
Shelf (OCS)'' dated June 18, 2010 (NTL No. 2010-N06); and
(2) has completed all required safety inspections.
(b) Determination on Permit.--Not later than 30 days after
the date on which the Secretary makes a determination that an
applicant has complied with paragraphs (1) and (2) of
subsection (a), the Secretary shall make a determination on
whether to issue the permit.
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