Return Our State Shares Act

Bill: 113-s-1676
Sponsor: full_name: Sen. Bennet, Michael F. [D-CO]
Introduced: 2013-11-07
Policy area: Economics and Public Finance
Subjects: Appropriations

Budget deficits and national debt

Energy revenues and royalties

Government trust funds

Gulf of Mexico

Hunting and fishing

Land transfers

Marine and coastal resources, fisheries

Mining

Oil and gas

State and local finance

Wildlife conservation and habitat protection
Latest action: action_date: 2013-11-07
text: Read twice and referred to the Committee on the Budget.

Summaries:
action_date: 2013-11-07
action_desc: Introduced in Senate
text: <p>Return Our State Shares Act - Amends the Balanced Budget and Emergency Deficit Control Act (Gramm-Rudman-Hollings Act) to exempt the following payments to states from any presidential sequestration order issued under that Act:</p> <ul> <li>Federal Aid in Wildlife Restoration (14-5029-0-2-303),</li> <li>Financial assistance to states pursuant to the Gulf of Mexico Energy Security Act of 2006 from the Land Acquisition and State Assistance account (14-5035-0-2-303),</li> <li>Gulf Coast Restoration Trust Fund (20-8625-0-7-452),</li> <li>Payments of states' shares from certain Gulf of Mexico leases (14-5535-0-2-302),</li> <li>Payments to states under the Mineral Leasing Act and associated payments (14-5003-0-2-999), and</li> <li>Sport Fish Restoration (14-8151-0-7-303). </li></ul>

tv_txt: II 113th CONGRESS 1st Session S. 1676 IN THE SENATE OF THE UNITED STATES November 7, 2013 Mr. Bennet (for himself, Mr. Vitter , Mr. Wicker , Mr. Heinrich , Mr. Shelby , and Mr. Nelson ) introduced the following bill; which was read twice and referred to the Committee on the Budget A BILL To exempt certain payments to States from sequestration.

1. Short title This Act may be cited as the Return Our State Shares Act . 2. Exemption of certain payments from sequestration (a) In general Section 255(g)(1)(A) of the Balanced Budget and Emergency Deficit Control Act (2 U.S.C. 905(g)(1)(A)) is amended— (1) by inserting before Federal Deposit Insurance Corporation, Deposit Insurance Fund (51–4596–0–4–373). the following: Federal Aid in Wildlife Restoration (14–5029–0–2–303). ; (2) by inserting after Financial Agent Services (20–1802–0–1–803). the following: Financial assistance to States pursuant to section 105(a)(2)(B) of the Gulf of Mexico Energy Security Act of 2006 ( 43 U.S.C. 1331 note) from the Land Acquisition and State Assistance account (14–5035–0–2–303). ; (3) by inserting before Hazardous Waste Management, Conservation Reserve Program (12–4336–0–3–999). the following: Gulf Coast Restoration Trust Fund (20–8625–0–7–452). ; (4) by inserting before Payments to Copyright Owners (03–5175–0–2–376). the following: Payments of States' shares from certain Gulf of Mexico leases (14–5535–0–2–302). ; (5) by inserting before Payments to the United States Territories, Fiscal Assistance (14–0418–0–1–806). the following: Payments to States under the Mineral Leasing Act and Associated Payments (14–5003–0–2–999). ; and (6) by inserting before Tennessee Valley Authority Fund, except nonpower programs and activities (64–4110–0–3–999). the following: Sport Fish Restoration (14–8151–0–7–303). . (b) Applicability The amendment made by this section shall apply to any sequestration order issued under the Balanced Budget and Emergency Deficit Control Act of 1985 (2 U.S.C. 900 et seq.) on or after the date of enactment of this Act.