Stop Giving Big Oil Free Money Act

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

D MarkeySponsor

No cosponsors.

This bill prohibits the Department of the Interior from issuing new oil or natural gas production leases in the Gulf of Mexico to any person who does not renegotiate certain existing leases to require royalty payments if the price of oil and natural gas is greater than or equal to specified price thresholds.

What it does: CRS summary · Introduced in Senate · Nov 20, 2019

Stop Giving Big Oil Free Money Act

Interior must also, upon request, agree to amend any lease issued for any Central and Western Gulf of Mexico tract during the period of January 1, 1996, through November 28, 2000, to incorporate specified price thresholds.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Stop Giving Big Oil Free Money Act

Latest action (Nov 20, 2019): Read twice and referred to the Committee on Energy and Natural Resources.

Policy area: Energy · Origin: Senate · Introduced: Nov 20, 2019

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.