S. 984Senate108th Congress (2003-2005)In Committee

A bill to direct the Secretary of the Interior to evaluate opportunities to enhance domestic oil and gas production through the exchange of nonproducing Federal oil and gas leases located in the Lewis and Clark National Forest, in the Flathead National Forest, and on Bureau of Land Management land in the State of Montana, and for other purposes.

Sponsored by Max BaucusSen. Max Baucus (D-MT)
Introduced May 1, 2003

Legislative Activity

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2 earlier actions
SenateIntro Referral Latest Action

Read twice and referred to the Committee on Energy and Natural Resources.

May 1, 2003

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SenateIntro Referral

Introduced in Senate

May 1, 2003

SenateIntro Referral

Sponsor introductory remarks on measure. (CR S5675-5676)

May 1, 2003

SenateIntro Referral

Read twice and referred to the Committee on Energy and Natural Resources.

May 1, 2003

Floor Debate

18 members

What members said about S. 984 on the floor

9 Republicans9 Democrats
Arlen Specter
Sen. Arlen SpecterR-PA · May 1, 2003

Mr. President, I have sought recognition to join Senator Tom Harkin, my colleague and distinguished ranking member of the Appropriations Subcommittee on Labor, Health and Human Services and…

Edward M. Kennedy
Sen. Edward M. KennedyD-MA · May 1, 2003

Mr. President, it's a privilege to join my colleagues in introducing this legislation to combat hate crimes. Hate crimes are a violation of all our country stands for. They send the poisonous message…

Frank R. Lautenberg
Sen. Frank R. LautenbergD-NJ · May 1, 2003

Mr. President, I rise to introduce a critical piece of legislation, the Homeland Security Gun Safety Act. In the aftermath of the tragic events of 9-11, the Federal Government has reassessed the…

Max Baucus
Sen. Max BaucusD-MT · May 1, 2003

Mr. President, I am introducing a bill today that I hope will take us one step closer to achieving permanent protections for Montana's magnificent Rocky Mountain Front. The Front, as we call it back…

Max Baucus
Sen. Max BaucusD-MT · May 1, 2003

Mr. President, I am introducing a bill today that I hope will take us one step closer to achieving permanent protections for Montana's magnificent Rocky Mountain Front. The Front, as we call it back…

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Tom Harkin
Sen. Tom HarkinD-IA · May 1, 2003

Mr. President, today Senator Specter and I and others introduce the Medicaid Community-Based Attendant Services and Supports Act of 2003, MICASSA. This legislation is needed to truly bring people…

Dianne Feinstein
Sen. Dianne FeinsteinD-CA · May 1, 2003

Mr. President, I rise in support of legislation introduced by Senators Boxer and Ensign to improve disclosure of stock option grants in company financial statements while, at the same time, delaying…

Jeff Sessions
Sen. Jeff SessionsR-AL · May 1, 2003

Mr. President, I rise today to introduce legislation which will simplify and update a provision of the tax code that affects the sale of timber. It is both a simplification measure and a fairness…

Lincoln Chafee
Sen. Lincoln ChafeeR-RI · May 1, 2003

Mr. President, I am pleased to be joined today by Senator Harry Reid and others in introducing the Breast Cancer and Environmental Research Act of 2003. This bill would establish research centers…

John Warner
Sen. John WarnerR-VA · May 1, 2003

Mr. President, I rise today to introduce legislation, along with my colleague, Senator Allen, to mint a commemorative coin celebrating the 400th anniversary of the founding of Jamestown, VA in 2007.…

Peter Fitzgerald
Sen. Peter FitzgeraldR-IL · May 1, 2003

Mr. President, I rise today to introduce the Children's Deformities Act of 2003, which will require insurance companies to cover corrective surgeries for children with congenital or developmental…

Barbara Boxer
Sen. Barbara BoxerD-CA · May 1, 2003

Mr. President, today I am introducing legislation is to ensure that American taxpayers and American businesses are protected when the Federal Government procures property or services. The purpose of…

Christopher J. Dodd
Sen. Christopher J. DoddD-CT · May 1, 2003

Mr. President, I rise today to introduce legislation that is important to America's Federal law enforcement officers and the people they protect across the country. I am joined today by Senator…

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John Ensign
Sen. John EnsignR-NV · May 1, 2003

Mr. President, I rise today, along with my good friend, the junior Senator from California, to introduce legislation on an issue that could have a significant impact on the economy. The financial…

Harry Reid
Sen. Harry ReidD-NV · May 1, 2003

Mr. President, I am pleased to join Senator Chafee in reintroducing the Breast Cancer and Environmental Research Act. Senator Chafee and I serve together on the Environment and Public Works Committee…

Don Nickles
Sen. Don NicklesR-OK · May 1, 2003

Mr. President, I rise today to introduce legislation to provide that restaurant buildings are depreciated over 15 years instead of the current-law 39 years. My legislation will ensure that the tax…

Ernest F. Hollings
Sen. Ernest F. HollingsD-SC · May 1, 2003

Mr. President, March marked the 32nd consecutive month, since July 2000), that manufacturing employment has declined in the United States. This is the longest consecutive monthly decline in the post…

Norm Coleman
Sen. Norm ColemanR-MN · May 1, 2003

Mr. President, I ask unanimous consent that the bill I introduce today to clarify the authority of States to establish conditions for insurers to conduct the business of insurance within a State…

Lindsey Graham
Sen. Lindsey GrahamR-SC · May 1, 2003

Mr. President, I ask unanimous consent that the text of the bill be printed in the Record.

Bill Text

Latest available legislative text

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Introduced in SenateIssued May 1, 2003
        [Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[S. 984 Introduced in Senate (IS)]

108th CONGRESS
1st Session
S. 984

To direct the Secretary of the Interior to evaluate opportunities to
enhance domestic oil and gas production through the exchange of
nonproducing Federal oil and gas leases located in the Lewis and Clark
National Forest, in the Flathead National Forest, and on Bureau of Land
Management land in the State of Montana, and for other purposes.

_______________________________________________________________________

IN THE SENATE OF THE UNITED STATES

May 1, 2003

Mr. Baucus introduced the following bill; which was read twice and
referred to the Committee on Energy and Natural Resources

_______________________________________________________________________

A BILL

To direct the Secretary of the Interior to evaluate opportunities to
enhance domestic oil and gas production through the exchange of
nonproducing Federal oil and gas leases located in the Lewis and Clark
National Forest, in the Flathead National Forest, and on Bureau of Land
Management land in the State of Montana, and for other purposes.

Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,

SECTION 1. DEFINITIONS.

In this Act:
(1) Badger-two medicine area.--The term ``Badger-Two
Medicine Area'' means the Forest Service land located in--
(A) T. 31 N., R. 12-13 W.;
(B) T. 30 N., R. 11-13 W.;
(C) T. 29 N., R. 10-16 W.; and
(D) T. 28 N., R. 10-14 W.
(2) Blackleaf area.--The term ``Blackleaf Area'' means the
Federal land owned by the Forest Service and Bureau of Land
Management that is located in--
(A) T. 27 N., R. 9 W.;
(B) T. 26 N., R. 9-10 W.;
(C) T. 25 N., R. 8-10 W.; and
(D) T. 24 N., R. 8-9 W.
(3) Eligible lessee.--The term ``eligible lessee'' means a
lessee under a nonproducing lease.
(4) Nonproducing lease.--The term ``nonproducing lease''
means a Federal oil or gas lease that is--
(A) in existence and in good standing on the date
of enactment of this Act; and
(B) located in the Badger-Two Medicine Area or the
Blackleaf Area.
(5) Planning area.--The term ``Planning Area'' means each
of the Western and Central Planning Areas of the Gulf of Mexico
on the outer Continental Shelf.
(6) Secretary.--The term ``Secretary'' means the Secretary
of the Interior.
(7) State.--The term ``State'' means the State of Montana.

SEC. 2. EVALUATION.

(a) In General.--The Secretary, in consultation with the Governor
of the State, the eligible lessees, and any other interested persons,
shall evaluate opportunities to enhance domestic oil and gas production
through the exchange of the nonproducing leases.
(b) Requirements.--In carrying out the evaluation under subsection
(a), the Secretary shall--
(1) consider opportunities to enhance domestic production
of oil and gas through--
(A) the exchange of the nonproducing leases for oil
and gas lease tracts of comparable value in the State
or in the Planning Areas; and
(B) the issuance of bidding, royalty, or rental
credits for Federal onshore oil and gas leases in the
State or in the Planning Areas in exchange for the
cancellation of the nonproducing leases;
(2) consider any other appropriate means to exchange, or
provide compensation for the cancellation of, nonproducing
leases, subject to the consent of the eligible lessees;
(3) consider the views of any interested persons, including
the State;
(4) determine the level of interest of the eligible lessees
in exchanging the nonproducing leases; and
(5) provide recommendations on--
(A) whether to pursue an exchange of the
nonproducing leases; and
(B) any changes in laws (including regulations)
that are necessary for the Secretary to carry out the
exchange.
(c) Valuation of Nonproducing Leases.--For the purpose of the
evaluation under subsection (a), the value of a nonproducing lease
shall be an amount equal to the difference between--
(1) the sum of--
(A) the amount paid by the eligible lessee for the
nonproducing lease;
(B) any direct expenditures made by the eligible
lessee before the date of enactment of this Act
associated with the exploration and development of the
nonproducing lease; and
(C) interest on any amounts under subparagraphs (A)
and (B) during the period beginning on the date on
which the amount was paid and ending on the date on
which credits are issued under subsection (b)(1)(B);
and
(2) the sum of the revenues from the nonproducing lease.
(d) Suspension of Leases in the Badger-Two Medicine Area.--To
facilitate the evaluation under subsection (a) and review of the report
under subsection (e), the terms of nonproducing leases in the Badger-
Two Medicine Area shall be suspended for a 3-year period beginning on
the date of enactment of this Act.
(e) Report to Congress.--Not later than 2 years after the date of
enactment of this Act, the Secretary shall submit to the Committee on
Energy and Natural Resources of the Senate and to the Committee on
Resources of the House of Representatives a report on the evaluation
carried out under subsection (a).

SEC. 3. AUTHORIZATION OF APPROPRIATIONS.

There are authorized to be appropriated such sums as are necessary
to carry out this Act.
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