S.Amdt. 3149

SA 3149. Mr. HATCH submitted an amendment intended to be proposed to
amendment SA 2953 proposed by Ms. Murkowski to the bill S. 2012, to
provide for the modernization of the energy policy of the United
States, and for other purposes; which was ordered to lie on the table;
as follows:

At the end of subtitle B of title III, add the following:

SEC. 31__. REPORT REQUIREMENT FOR FEDERAL ONSHORE OIL AND
GAS.

(a) In General.--The Secretary of the Interior may not
alter royalties for Federal onshore oil and gas development
without first--
(1) submitting a report to Congress--
(A) demonstrating that the proposed action would not result
in a net loss in jobs to the affected communities where the
Federal onshore oil and gas development occurs;
(B) detailing any potential economic impacts the action
would have on rural economies; and
(C) containing an independent analysis of the direct and
indirect impact of the action on small businesses impacted by
a change in royalty structure; and
(2) giving the appropriate committees of Congress not fewer
than 90 days to review the report submitted under paragraph
(1).
(b) Requirements for Report.--The report submitted under
subsection (a) shall include information describing the
impact the action will have on--
(1) net revenue to the Treasury of the United States and to
the States, taking into consideration the effect the new
royalty will have on the net loss in jobs in affected
communities where the Federal onshore oil and gas development
occurs;
(2) rural economies, specifically areas dependent on the
Federal onshore oil and gas development; and
(3) domestic energy production and energy independence.
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