Amendment sought to strike provisions in the bill lifting the 25-year moratorium on oil and gas drilling in environmentally sensitive areas offshore and to retain provisions designed to provide oil companies with incentives to renegotiate existing leases.

Purpose:

An amendment numbered 4 printed in House Report 109-540 to strike provisions in the bill lifting the 25-year moratorium on oil and gas drilling in environmentally-sensitive areas offshore and leaves provisions designed to provide oil companies with incentives to renegotiate existing leases that fail to include market-based price caps for the suspension of royalty-free drilling and begin production on active leases that are not producing.

House Amendment Code:

(A004)

House Tally Clerks use this code to manage amendment information.