H.R.787 - Infrastructure Jobs and Energy Independence Act113th Congress (2013-2014)
|Sponsor:||Rep. Murphy, Tim [R-PA-18] (Introduced 02/15/2013)|
|Committees:||House - Budget; Energy and Commerce; Judiciary; Natural Resources; Rules; Transportation and Infrastructure|
|Latest Action:||04/08/2013 Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.|
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Summary: H.R.787 — 113th Congress (2013-2014)All Bill Information (Except Text)
Introduced in House (02/15/2013)
Infrastructure Jobs and Energy Independence Act - Deems the Draft Proposed Outer Continental Shelf Oil and Gas Leasing Program 2010-2015 issued by the Secretary of the Interior to be approved as a final oil and gas leasing program under the Outer Continental Shelf Lands Act (OCSLA). Deems the Secretary to have issued a final environmental impact statement for the Program under the National Environmental Policy Act of 1969 (NEPA).
Directs the Secretary to: (1) conduct a lease sale in each outer Continental Shelf (OCS) planning area for which there is a commercial interest in purchasing federal oil and gas production leases; (2) prepare an inventory of U.S. offshore energy resources; and (3) promulgate regulations concerning the production of oil or gas resources of the OCS, including regulating the installation of surface facilities, mitigating the impact of such facilities on coastal vistas, and allowing onshore facilities to draw upon such resources that are within 10 miles of shore.
Extends from three geographical miles to nine nautical miles a coastal state's allowable seaward boundary.
Repeals the moratorium on oil and gas leasing in: (1) any area east of the Military Mission Line in the Gulf of Mexico; (2) any area in the Eastern Planning Area that is within 125 miles of the Florida coastline; and (3) specified areas within the Central Planning Area and within 100 miles of the Florida coastline.
Requires the Secretary of the Interior to issue a final leasing plan for the Eastern Gulf of Mexico for all areas where there exists commercial interest in purchasing federal oil and gas leases for production.
Specifies revenue sharing percentages for sums received from leasing offshore pursuant to this Act, including 30% for producing states. Prohibits revenues collected from leases prior to this Act's enactment from being affected by this Act.
Authorizes the President to waive requirements governing approval of oil and natural gas activity deemed important to national interests.
Requires the Secretary of Energy (DOE) to: (1) publish a plan to exchange a specified amount of light grade petroleum from the Strategic Petroleum Reserve for heavy grade petroleum plus additional cash bonus bids that reflect the difference in market value between light grade and heavy grade petroleum and the timing of deliveries of heavy grade petroleum, and (2) deposit 90% of the remaining net proceeds from the exchange into the Infrastructure Renewal Reserve.