Offshore Cap Parity Act

Bill: 116-s-3906
Sponsor: full_name: Sen. Kennedy, John [R-LA]
Introduced: 2020-06-08
Policy area: Energy
Subjects: Alabama

Energy revenues and royalties

Gulf of Mexico

Louisiana

Marine and coastal resources, fisheries

Mississippi

Oil and gas

Texas
Latest action: action_date: 2020-06-08
text: Read twice and referred to the Committee on Energy and Natural Resources.

Summaries:
action_date: 2020-06-08
action_desc: Introduced in Senate
text: <p><b>Offshore Cap Parity Act</b></p> <p>This bill eliminates the cap on the revenue that states may receive from oil and gas drilling off their coasts in the Gulf of Mexico.</p>

tv_txt: II 116th CONGRESS 2d Session S. 3906 IN THE SENATE OF THE UNITED STATES June 8, 2020 Mr. Kennedy introduced the following bill; which was read twice and referred to the Committee on Energy and Natural Resources A BILL To amend the Gulf of Mexico Energy Security Act of 2006 to eliminate the cap on qualified outer Continental Shelf revenues that may be received by Gulf producing States under that Act, and for other purposes.

1. Short title This Act may be cited as the Offshore Cap Parity Act . 2. Elimination of limitations on amount of distributed qualified outer Continental Shelf revenues Section 105 of the Gulf of Mexico Energy Security Act of 2006 ( 43 U.S.C. 1331 note; Public Law 109–432 ) is amended by striking subsection (f).