Gulf Conservation and Recreation Funding Act

Bill: 117-hr-2131
Sponsor: full_name: Rep. Carl, Jerry L. [R-AL-1]
Introduced: 2021-03-23
Policy area: Energy
Subjects: Alabama

Energy revenues and royalties

Gulf of Mexico

Louisiana

Marine and coastal resources, fisheries

Mining

Mississippi

Oil and gas

Texas
Latest action: action_date: 2021-05-27
text: Referred to the Subcommittee on Energy and Mineral Resources.

Summaries:
action_date: 2021-03-23
action_desc: Introduced in House
text: <p><b>Gulf Conservation and Recreation Funding Act</b></p> <p>This bill requires the Department of the Interior to annually pay Gulf producing states (Alabama, Louisiana, Mississippi, and Texas) and each of their coastal political subdivisions an amount equal to the amount of revenue they will not receive due to moratorium on new oil and natural gas leases in offshore waters. The moratorium was established under Executive Order 14008 on January 27, 2021.</p>

tv_txt: I 117th CONGRESS 1st Session H. R. 2131 IN THE HOUSE OF REPRESENTATIVES March 23, 2021 Mr. Carl (for himself, Mr. Nehls , Mr. Kelly of Mississippi , Mr. Palazzo , Mr. Graves of Louisiana , Mr. Weber of Texas , Mr. Guest , and Mr. Scalise ) 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 to require payments to Gulf producing States and their coastal political subdivisions to compensate for reductions in other payments under that Act resulting from the moratorium on new oil and natural gas leases in offshore waters under Executive Order 14008 of January 27, 2021.

1. Short title This Act may be cited as the Gulf Conservation and Recreation Funding Act . 2. Payments to Gulf producing States and coastal political subdivisions to compensate for reductions in payments resulting from moratorium on new offshore oil and natural gas leases Section 105(b) of the Gulf of Mexico Energy Security Act of 2006 ( 43 U.S.C. 1331 note) is amended by adding at the end the following: (4) Payments to Gulf producing States to compensate for reductions in other payments resulting from moratorium on new leases In addition to the other payments required by this subsection, during the effective period of the moratorium on new oil and natural gas leases in offshore waters under Executive Order 14008 of January 27, 2021, the Secretary shall pay to each Gulf producing State and each coastal political subdivision each fiscal year an amount equal to the difference between the amount of such other payments for the fiscal year to the State or subdivision, respectively, and the average annual amount of such other payments to the State or subdivision, respectively, for fiscal years after fiscal year 2017 and up to fiscal year 2020. .