Legis Daily

Stop Giving Big Oil Free Money Act

USA116th CongressS-2906| Senate 
| Updated: 11/20/2019
Edward J. Markey

Edward J. Markey

Democratic Senator

Massachusetts

Energy and Natural Resources Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Stop Giving Big Oil Free Money Act This bill prohibits the Department of the Interior from issuing new oil or natural gas production leases in the Gulf of Mexico to any person who does not renegotiate certain existing leases to require royalty payments if the price of oil and natural gas is greater than or equal to specified price thresholds. Interior must also, upon request, agree to amend any lease issued for any Central and Western Gulf of Mexico tract during the period of January 1, 1996, through November 28, 2000, to incorporate specified price thresholds.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Nov 20, 2019
Introduced in Senate
Nov 20, 2019
Read twice and referred to the Committee on Energy and Natural Resources.
Dec 6, 2019

Latest Companion Bill Action

HR 116-5186
Referred to the Subcommittee on Energy and Mineral Resources.
  • November 20, 2019
    Introduced in Senate


  • November 20, 2019
    Read twice and referred to the Committee on Energy and Natural Resources.


  • December 6, 2019

    Latest Companion Bill Action

    HR 116-5186
    Referred to the Subcommittee on Energy and Mineral Resources.

Energy

Related Bills

  • HR 116-5186: Stop Giving Big Oil Free Money Act of 2019
Energy pricesEnergy revenues and royaltiesGulf of MexicoMarine and coastal resources, fisheriesOil and gas

Stop Giving Big Oil Free Money Act

USA116th CongressS-2906| Senate 
| Updated: 11/20/2019
Stop Giving Big Oil Free Money Act This bill prohibits the Department of the Interior from issuing new oil or natural gas production leases in the Gulf of Mexico to any person who does not renegotiate certain existing leases to require royalty payments if the price of oil and natural gas is greater than or equal to specified price thresholds. Interior must also, upon request, agree to amend any lease issued for any Central and Western Gulf of Mexico tract during the period of January 1, 1996, through November 28, 2000, to incorporate specified price thresholds.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Nov 20, 2019
Introduced in Senate
Nov 20, 2019
Read twice and referred to the Committee on Energy and Natural Resources.
Dec 6, 2019

Latest Companion Bill Action

HR 116-5186
Referred to the Subcommittee on Energy and Mineral Resources.
  • November 20, 2019
    Introduced in Senate


  • November 20, 2019
    Read twice and referred to the Committee on Energy and Natural Resources.


  • December 6, 2019

    Latest Companion Bill Action

    HR 116-5186
    Referred to the Subcommittee on Energy and Mineral Resources.
Edward J. Markey

Edward J. Markey

Democratic Senator

Massachusetts

Energy and Natural Resources Committee

Energy

Related Bills

  • HR 116-5186: Stop Giving Big Oil Free Money Act of 2019
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Energy pricesEnergy revenues and royaltiesGulf of MexicoMarine and coastal resources, fisheriesOil and gas