Domestic Offshore Energy Reinvestment Act of 2018

Bill: 115-hr-6763
Sponsor: full_name: Rep. Graves, Garret [R-LA-6]
Introduced: 2018-09-10
Policy area: Energy
Subjects: Alabama

Aquatic ecology

Energy revenues and royalties

Floods and storm protection

Government trust funds

Gulf of Mexico

Land use and conservation

Louisiana

Marine and coastal resources, fisheries

Mississippi

Natural disasters

Oil and gas

Outdoor recreation

Parks, recreation areas, trails

Texas
Latest action: action_date: 2018-09-17
text: Referred to the Subcommittee on Energy and Mineral Resources.

Summaries:
action_date: 2018-09-10
action_desc: Introduced in House
text: <p><b>Domestic Offshore Energy Reinvestment Act of 2018</b></p> <p>This bill amends the Gulf of Mexico Energy Security Act of 2006 to increase the revenue Gulf states (Texas, Louisiana, Mississippi, and Alabama) receive for energy projects and eliminate the revenue sharing cap.</p>

tv_txt: I 115th CONGRESS 2d Session H. R. 6763 IN THE HOUSE OF REPRESENTATIVES September 10, 2018 Mr. Graves of Louisiana introduced the following bill; which was referred to the Committee on Natural Resources A BILL To amend the Gulf of Mexico Energy Security Act of 2006, and for other purposes.

1. Short title This Act may be cited as the Domestic Offshore Energy Reinvestment Act of 2018 . 2. Amendments to the Gulf of Mexico Energy Security Act of 2006 (a) In general Section 105(a) of the Gulf of Mexico Energy Security Act of 2006 ( 43 U.S.C. 1331 note) is amended— (1) in paragraph (1), by striking 50 and inserting 37.5 ; and (2) in paragraph (2)— (A) in the matter preceding subparagraph (A), by striking 50 and inserting 62.5 ; (B) in subparagraph (A), by striking 75 and inserting 80 ; and (C) in subparagraph (B), by striking 25 and inserting 20 . (b) In general Section 105(d) of the Gulf of Mexico Energy Security Act of 2006 ( 43 U.S.C. 1331 note) is amended— (1) in paragraph (1) by inserting after subparagraph (E): (F) Planning, engineering, design, construction, operations, and maintenance of one or more projects that are specifically authorized by any other act for ecosystem restoration, hurricane protection or flood damage prevention. ; and (2) in paragraph (2) by striking paragraph (2) and inserting: (2) Limitation Of the amounts received by a Gulf producing State or Coastal political subdivision under subsection (b)— (A) not more than 3 percent may be used for the purposes described in paragraph (1)(E); and (B) not less than 25 percent may be used for the purposes described in paragraph (1)(F), and shall be applied proportionally to the applicable Federal and non-Federal share pursuant to such specific project authorization. . (c) In general Section 105(f) of the Gulf of Mexico Energy Security Act of 2006 ( 43 U.S.C. 1331 note) is amended by— (1) striking paragraph (1); and (2) redesignating paragraphs (2) and (3) as paragraphs (1) and (2).