S.Amdt. 2731

SA 2731. Mr. HEINRICH submitted an amendment intended to be proposed
to amendment SA 2360 proposed by Mr. Thune (for Mr. Graham) to the bill
H.R. 1, to provide for reconciliation pursuant to title II of H. Con.
Res. 14; which was ordered to lie on the table; as follows:

In section 50101(a)(1), strike ``Subsection (a) of'' and
insert ``Subject to paragraph (3), subsection (a) of''.
In section 50101(a), add at the end the following:
(3) Exception.--Notwithstanding the amendments made by
paragraph (1), during any month in which the average price of
Brent crude oil exceeds $67.80 per barrel--
(A) the applicable royalty rate for leases issued pursuant
to section 17 of the Mineral Leasing Act (30 U.S.C. 226)
shall be not less than 16\2/3\ percent; and
(B) the applicable royalty rate for reinstated leases
issued pursuant to section 31 of the Mineral Leasing Act (30
U.S.C. 188) shall be not less than 20 percent.
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