Legislation

Official Short: Stop Giving Big Oil Free Money Act

Long Title: A bill to prohibit the Secretary of the Interior from issuing new oil or natural gas production leases in the Gulf of Mexico under the Outer Continental Shelf Lands Act to a person that does not renegotiate its existing leases in order to require royalty payments if oil and natural gas prices are greater than or equal to specified price thresholds, and for other purposes.

Sponsors: Senator Markey

THOMAS: https://www.congress.gov/bill/116th-congress/senate-bill/2906/text

Official Short: Stop Giving Big Oil Free Money Act

Long Title: A bill to prohibit the Secretary of the Interior from issuing new oil or natural gas production leases in the Gulf of Mexico under the Outer Continental Shelf Lands Act to a person that does not renegotiate its existing leases in order to require royalty payments if oil and natural gas prices are greater than or equal to specified price thresholds, and for other purposes.

Sponsors: Senator Markey

Click here to go the congressional entry for the bill.