S.3760 - Royalty Relief Suspension Act of 2006109th Congress (2005-2006)
|Sponsor:||Sen. Kyl, Jon [R-AZ] (Introduced 07/27/2006)|
|Committees:||Senate - Energy and Natural Resources|
|Latest Action:||07/27/2006 Read twice and referred to the Committee on Energy and Natural Resources. (All Actions)|
This bill has the status Introduced
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Summary: S.3760 — 109th Congress (2005-2006)All Bill Information (Except Text)
Introduced in Senate (07/27/2006)
Royalty Relief Suspension Act of 2006 - Instructs the Secretary of the Interior to place limitations based upon the market price on the royalty relief granted under any lease for production of oil or natural gas on federal land entered into by the Secretary on or after the date of enactment of this Act.
States that Congress reaffirms certain statutory authority of the Secretary to vary, based upon the price of production from a lease, the suspension of royalties under any lease subject to the Outer Continental Shelf Deep Water Royalty Relief Act.