S. 3150 · 114th Congress
Oil and Gas Payments Taxpayer Protection and Deficit Reduction Act
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Never voted on. It didn't reach a floor vote before the 114th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
MarkeySponsor1 cosponsor · 1 D
0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Oil and Gas Payments Taxpayer Protection and Deficit Reduction Act
What it does: CRS summary · Introduced in Senate · Jul 7, 2016
Oil and Gas Payments Taxpayer Protection and Deficit Reduction Act
This bill amends the Gulf of Mexico Energy Security Act of 2006 to direct the Department of the Treasury to deposit: (1)50% of qualified Outer Continental Shelf (OCS)revenues into the general fund of the Treasury, and (2) 50% of qualified OCS revenues into a special account. Furthermore, 75% of available revenues in the special account must be used to reduce the federal budget deficit and 25% must be deposited into the Land and Water Conservation Fund.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Oil and Gas Payments Taxpayer Protection and Deficit Reduction Act
Latest action (Jul 7, 2016): Read twice and referred to the Committee on Energy and Natural Resources.
Policy area: Energy · Origin: Senate · Introduced: Jul 7, 2016
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.