Text: H.R.5945 — 111th Congress (2009-2010)All Bill Information (Except Text)

There is one version of the bill.

Text available as:

Shown Here:
Introduced in House (07/29/2010)


111th CONGRESS
2d Session
H. R. 5945

To amend the Gulf of Mexico Energy Security Act of 2006 to increase the amount of Gulf of Mexico oil and gas lease revenue shared with Gulf States.


IN THE HOUSE OF REPRESENTATIVES
July 29, 2010

Mr. Bonner 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 increase the amount of Gulf of Mexico oil and gas lease revenue shared with Gulf States.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Strengthening Our Share (S.O.S.) Act”.

SEC. 2. Increase in amount of Gulf of Mexico oil and gas lease revenue shared with Gulf States.

(a) Acceleration of planned sharing of revenue from all Gulf of Mexico leases entered into on and after 12/20/06.—The Gulf of Mexico Energy Security Act of 2006 (division C of Public Law 109–432; 43 U.S.C. 1331 note) is amended—

(1) in section 102(9)(A)—

(A) in clause (i), by striking “2016” and inserting “2009”; and

(B) in clause (ii)—

(i) by striking “2017” and inserting “2010”; and

(ii) by striking “2016” and inserting “2009”; and

(2) in section 105(b)—

(A) in paragraph (1)—

(i) in the paragraph heading, by striking “2016” and inserting “2009”; and

(ii) in subparagraph (A), by striking “2016” and inserting “2009”; and

(B) in paragraph (2)—

(i) in the paragraph heading, by striking “2017” and inserting “2010”; and

(ii) in subparagraph (A), by striking “2017” and inserting “2010”.

(b) Sharing of revenue from all Gulf of Mexico leases entered into before 12/20/06.—The Gulf of Mexico Energy Security Act of 2006 (division C of Public Law 109–432; 43 U.S.C. 1331 note) is amended—

(1) in section 102(9)(A)(ii), by striking “entered into on or after the date of enactment of this Act” and all that follows and inserting “entered into before, on, or after the date of enactment of this Act for any area in the Gulf of Mexico.”; and

(2) in section 105(b)(2)(A)—

(A) in clause (i), by striking “and” at the end;

(B) in clause (ii), by striking the period at the end and inserting “; and”; and

(C) by adding at the end the following new clause:

“(iii) the amount made available under subsection (a)(2) from any lease entered into within any other area shall be allocated to each Gulf producing State using rules substantially similar to the rules in clauses (i) and (ii).”.

(c) Repeal of limitation on amount of distributed qualified outer Continental Shelf revenues.—Section 105(f) of the Gulf of Mexico Energy Security Act of 2006 (division C of Public Law 109–432; 43 U.S.C. 1331 note) is repealed.

(d) Application.—The amendments made by this section shall apply only to rentals, royalties, bonus bids, and other sums received by the United States on and after the date of the enactment of this Act.