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Also tagged in: Access to health care, Accounting, Actions and defenses, Administrative procedure, Advice and consent of the Senate, Aged, Agricultural machinery, Agricultural research, Agriculture, Air pollution, Air pollution control, Alabama, Alaska, Alcohol as fuel, Alcohol tax, Alcoholic beverages, Alternative energy sources, Ambulatory care, American Samoa, Apartment houses, Apprenticeship, Arkansas, Auctions, Auditing, Authorization, Automobile engines, Aviation fuels, Bank capital, Bank employees, Bank failures, Bank fraud, Bank loans, Banks and banking, Bicycles, Biomass energy, Black lung, Bonds, Books, Brokers, Budgets, Building construction, Building materials, Business, California, Capital gains tax, Carbon cycle, Carbon dioxide, Cellulose, Charitable contributions, Children, Civil liberties, Civil rights, Civil rights enforcement, Coal, Cogeneration of electric power and heat, Coinsurance, College costs, Community development banking, Commuting, Computers, Conflict of 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Latest Action: 10/03/2008 - Pursuant to the provisions of H. Res. 1525, the House moved to agree to the Senate amendments. (consideration: CR H10712-10806) Bill TextA bill to provide authority for the Federal Government to purchase and insure certain types of troubled assets for the purposes of providing stability to and preventing disruption in the economy and financial system and protecting taxpayers, to amend the Internal Revenue Code of 1986 to provide incentives for energy production and conservation, to extend certain expiring provisions, to provide individual income tax relief, and for other purposes. 10/3/2008--Public Law. (There are 6 other summaries) (This measure has not been amended since it was passed by the Senate on October 1, 2008. The summary of that version is repeated here.)Division A: Emergency Economic Stabilization - Emergency Economic Stabilization Act of 2008 - Title I: Troubled Assets Relief Program - (Sec. 101) Authorizes the Secretary of the Treasury (Secretary) to establish the Troubled Asset Relief Program (TARP) to purchase troubled assets from any financial [...] show full description
Also tagged in: Alaska, Business, Continental shelf, Depletion allowances, Depreciation and amortization, Economic policy, Energy, Energy transportation, Gas in submerged lands, Gas industry, Geology, Geophysical prediction, Gulf of Mexico, Income tax, Indexing (Economic policy), Marine resources, Natural gas, Natural gas prices, Natural resources, Oil and gas leases, Oil and gas royalties, Petroleum in submerged lands, Petroleum industry, Petroleum refineries, Pipelines, Prospecting, Public lands, Tax deductions, Taxation, Transportation
Latest Action: 01/04/2007 - Read twice and referred to the Committee on Finance. Bill TextA bill to suspend royalty relief, to repeal certain provisions of the Energy Policy Act of 2005, and to amend the Internal Revenue Code of 1986 to repeal certain tax incentives for the oil and gas industry. 1/4/2007--Introduced. Oil Subsidy Elimination for New Strategies on Energy Act or the Oil SENSE Act - Repeals provisions of the Energy Policy Act of 2005 relating to: (1) incentives for production from marginal oil wells; (2) incentives for natural gas production in the Gulf of Mexico; (3) royalty relief for deep water production; (4) Alaska offshore royalty suspension; (5) the inventory of Outer Continental Shelf oil and natural gas resources; (6) management of federal oil and gas leasing programs; and (7) ultra-deepwater and unconventional natural gas and other petroleum resources. Requires the Secretary of the Interior to: (1) suspend royalty relief for producers of oil or natural gas on federal lands during periods in which oil and natural gas production is [...] show full description
Latest Action: 01/04/2007 - Read twice and referred to the Committee on Energy and Natural Resources. Bill TextA bill to permanently prohibit oil and gas leasing off the coast of the State of California, and for other purposes. 1/4/2007--Introduced. California Ocean and Coastal Protection Act - Amends the Outer Continental Shelf Lands Act to prohibit oil and gas preleasing, leasing, and related activities in areas of the Outer Continental Shelf located off the coast of California. Amends the Energy Policy Act of 2005 to exclude such areas from the waters of the U.S. Outer Continental Shelf whose oil and natural gas resources the Secretary of Energy is required to inventory and analyze.
Also tagged in: Alaska, Business, Corporation taxes, Depletion allowances, Electric power transmission, Energy, Energy transportation, Foreign tax credit, Gas in submerged lands, Geology, Geophysical prediction, Gulf of Mexico, Income tax, Inventories, Marine resources, Natural gas, Oil and gas royalties, Petroleum in submerged lands, Petroleum industry, Petroleum refineries, Pipelines, Submarine oil well drilling, Tax administration, Tax credits, Tax deductions, Tax deferral, Taxation, Taxation of foreign income, Transportation
Latest Action: 01/22/2007 - Read twice and referred to the Committee on Finance. Bill TextA bill to restore fairness in the provision of incentives for oil and gas production, and for other purposes. 1/22/2007--Introduced. Energy Fairness for America Act - Amends the Internal Revenue Code to terminate: (1) the tax deduction for oil and gas intangible drilling and development costs; (2) the percentage depletion allowance for oil and gas wells; and (3) the tax credit for enhanced oil recovery costs. Repeals provisions of the Energy Policy Act of 2005 relating to: (1) oil and gas royalties in-kind; (2) marginal property production incentives; (3) incentives for natural gas production in the Gulf of Mexico; (4) royalty suspension for deep water production; (5) the inventory of Outer Continental Shelf oil and natural gas resources; (6) Alaska offshore royalty suspension; (7) accelerated depreciation of electric transmission property, natural gas distribution lines, and natural gas gathering lines and expensing of liquid fuel refinery property; (8) the exemption [...] show full description
Also tagged in: Alaska, Business, Corporation taxes, Depletion allowances, Electric power transmission, Energy, Energy transportation, Foreign tax credit, Gas in submerged lands, Geology, Geophysical prediction, Gulf of Mexico, Income tax, Inventories, Marine resources, Natural gas, Oil and gas royalties, Petroleum in submerged lands, Petroleum industry, Petroleum refineries, Pipelines, Submarine oil well drilling, Tax administration, Tax credits, Tax deductions, Tax deferral, Taxation, Taxation of foreign income, Transportation
Latest Action: 02/07/2007 - Referred to the Subcommittee on Energy and Mineral Resources. Bill TextTo restore fairness in the provision of incentives for oil and gas production, and for other purposes. 1/19/2007--Introduced. Energy Fairness for America Act - Amends the Internal Revenue Code to terminate: (1) the tax deduction for oil and gas intangible drilling and development costs; (2) the percentage depletion allowance for oil and gas wells; and (3) the tax credit for enhanced oil recovery costs. Repeals provisions of the Energy Policy Act of 2005 relating to: (1) oil and gas royalties in-kind; (2) marginal property production incentives; (3) incentives for natural gas production in the Gulf of Mexico; (4) royalty suspension for deep water production; (5) the inventory of Outer Continental Shelf oil and natural gas resources; (6) Alaska offshore royalty suspension; (7) accelerated depreciation of electric transmission property, natural gas distribution lines, and natural gas gathering lines and expensing of liquid fuel refinery property; (8) the exemption of small [...] show full description
Also tagged in: Accreditation (Medical care), Actions and defenses, Administrative fees, Administrative procedure, Administrative remedies, Aged, Appropriations, Armed forces, Auditing, Australia, Budgets, Business, Business records, Canada, Capital gains tax, Caribbean area, Checks, Citizenship, Civil liberties, Claims, Competitive bidding, Conflict of interests, Congress, Congressional reporting requirements, Consumer education, Consumers, Continental shelf, Contracts, Corporation taxes, Cost of living adjustments, Courts of special jurisdiction, Credit cards, Criminal justice, Cuba, Customs administration, Damages, Data banks, Defective products, Defense contracts, Defense economics, Department of Defense, Department of Health and Human Services, Department of Homeland Security, Department of the Interior, Department of the Treasury, Directories, Disciplining of employees, Dividends, Drug advertising, Drug approvals, Drug industry, Drugs, Due process of law, East Asia, Education, Electronic commerce, Electronic data interchange, Electronic funds transfers, Electronic government information, Employee rights, Energy, Environmental Protection Agency, Europe, European Union, Evidence (Law), Executive departments, Expatriation, Export controls, Exports, Federal Emergency Management Agency, Federal employees, Federal officials, Federal preemption, Federal Trade Commission, Federal-state relations, Fees, Finance, Fines (Penalties), Food and Drug Administration (FDA), Foreign corporations, Foreign policy, Foreign tax credit, Forfeiture, Fraud, Gas in submerged lands, General Services Administration, Gifts, Government contractors, Government employees, Government information, Government paperwork, Government procurement, Government publicity, Government spending reductions, Governmental investigations, Gulf of Mexico, Health policy, Higher education, Identification devices, Immigration, Import restrictions, Imports, Income tax, Independent regulatory commissions, Indexing (Economic policy), Infrastructure, Infrastructure (Economics), Injunctions, Intellectual property, Intelligence activities, Interactive media, International broadcasting, Internet, Japan, Judicial review, Jurisdiction, Labeling, Latin America, Law, Legal fees, Liability (Law), Licenses, Lobbying, Medical associations, Medical care, Medical education, Medical records, Medical tests, Medicare, Medicine, Minimum tax, New Zealand, Oceania, Office of Government Ethics, Office of Management and Budget, Office of Special Counsel, Oil and gas leases, Oil and gas royalties, Overhead costs, Packaging, Parties to actions, Patent infringement, Patents, Petroleum in submerged lands, Pharmaceutical research, Pharmacies, Pharmacists, Physical examinations, Politics and government, Prescription pricing, Presidential appointments, Presidents, Price discrimination, Product counterfeiting, Profit, Public contracts, Restrictive trade practices, Right of privacy, Science policy, Security clearances, State and local government, State laws, Sunset legislation, Surety and fidelity, Switzerland, Tax deductions, Tax deferral, Tax exclusion, Tax exemption, Tax liens, Tax rates, Tax shelters, Taxation of foreign income, Technology, Telecommunication, Telephone, Television broadcasting, Trade, User charges, Web sites, Whistle blowing, Wholesale trade
Latest Action: 02/12/2007 - Sponsor introductory remarks on measure. (CR S1855-1857) Bill TextA bill to reduce the Federal budget deficit, and for other purposes. 2/12/2007--Introduced. Act for Our Kids - Repeals the Television Broadcasting to Cuba Act. Amends the Cuban Liberty and Democratic Solidarity (LIBERTAD) Act of 1996 to prohibit federal funding of television broadcasting to Cuba. Terminates the U.S. Court of Federal Claims. Requires federal agencies to reduce administrative expenses. Eliminates the Medicare Advantage Regional Plan Stabilization (SLUSH) Fund. Amends the federal criminal code to prohibit profiteering and fraud involving a contract or the provision of goods or services in connection with a war or military action. Requires: (1) suspension and debarment of unethical contractors; (2) disclosure by federal agencies, upon request, to the appropriate committee chairman or ranking member of audit reports regarding federal contractors; and (3) public access to information on federal contractor penalties and [...] show full description
Also tagged in: Accounting, Alaska, Alternative energy sources, Budgets, Business, Depletion allowances, Depreciation and amortization, Energy, Energy efficiency, Energy research, Energy transportation, Finance, Foreign tax credit, Gas industry, Geology, Geophysical prediction, Government trust funds, Income tax, Inventories, Natural gas, Petroleum industry, Pipelines, Research and development, Science policy, Tax credits, Tax deductions, Taxation, Valuation
Latest Action: 02/16/2007 - Read twice and referred to the Committee on Finance. Bill TextA bill to amend the Internal Revenue Code of 1986 to terminate certain incentives for oil and gas. 2/16/2007--Introduced. Oil Industry Tax Break Repeal Act of 2007 - Amends the Internal Revenue Code to: (1) increase the amortization period for the geological and geophysical expenditures of certain large integrated oil companies (defined as having an average daily worldwide crude oil production level of at least 500,000 barrels and more than $1 billion in gross receipts) from five to seven years; (2) limit the oil depletion allowance; (3) terminate accelerated depreciation of natural gas distribution lines and Alaska natural gas pipelines, expensing of equipment used in refining of liquid fuels, the tax deduction for intangible drilling and development costs, and the tax credits for enhanced oil recovery and for producing oil and gas from marginal wells; (4) classify natural gas gathering lines as 15-year property for depreciation purposes; and (5) deny large integrated oil [...] show full description
Also tagged in: Air pollution, Air pollution control, Alcohol as fuel, Automobiles, Biomass energy, Budgets, Business, Cellulose, Clean coal technology, Climate change, Coal, Department of Energy, Depreciation and amortization, Electric power production, Electric vehicles, Energy, Energy conservation, Energy efficiency, Energy prices, Energy research, Environmental protection, Excise tax, Executive departments, Executive reorganization, Foreign tax credit, Fuel cells, Gas industry, Geology, Geophysical prediction, Grants-in-aid, Income tax, Motor vehicles, Natural gas, Natural resources, Oil and gas leases, Oil and gas royalties, Petroleum, Petroleum industry, Petroleum refineries, Science policy, Solar energy, Tax credits, Tax deductions, Taxation, Transportation, Trucks, Wind power
Latest Action: 02/28/2007 - Read twice and referred to the Committee on Finance. Bill TextA bill to amend the Internal Revenue Code of 1986 to impose a temporary oil profit fee and to use the proceeds of the fee collected to provide a Strategic Energy Fund and expand certain energy tax incentives, and for other purposes. 2/28/2007--Introduced. Strategic Energy Fund Act of 2007 - Amends the Internal Revenue Code to establish in the Treasury the Strategic Energy Fund to finance the energy conservation and research initiatives set forth by this Act. Increases the tax credits for: (1) investment in alternative fuel vehicle refueling property; (2) small ethanol producers of sucrose or cellulosic ethanol; and (3) investment in advanced coal projects.Extends tax credits for: (1) alcohol used as fuel through 2012; (2) electricity produced from certain renewable resources through 2013; and (3) solar energy property through 2014. Increases the number of hybrid and advanced lean burn technology vehicles eligible for the full amount of the tax credit for alternative [...] show full description
Also tagged in: Agriculture, Arizona, Budgets, California, Colorado, Congressional reporting requirements, Energy, Energy development, Environmental assessment, Environmental protection, Federal aid to water resources development, Geothermal resources, Governmental investigations, Groundwater, Infrastructure, Irrigation, Methane, Mining engineering, Natural gas, Natural resources, Nevada, New Mexico, Prospecting, Texas, Utah, Water pollution, Water quality, Water resources, Water supply, Wyoming
Latest Action: 06/11/2008 - Indefinitely postponed by Senate by Unanimous Consent. (consideration: CR S5530) Bill TextTo facilitate the use for irrigation and other purposes of water produced in connection with development of energy resources. 6/28/2007--Reported to Senate amended. (There are 2 other summaries) More Water, More Energy, and Less Waste Act of 2007 - Directs the Secretary of the Interior to study and report to specified congressional committees on: (1) obstacles to reducing the quantity of produced water (water that is brought to the surface as part of the process of exploration for or development of oil, natural gas, coal-bed methane, or any other substance to be used as an energy source) and to increasing the extent to which produced water can be used for irrigation and other purposes without adversely affecting water quality or the environment; (2) actions that could reduce or eliminate such obstacles; and (3) the costs and benefits associated with reducing or eliminating such obstacles.Directs the Secretary to provide financial assistance for [...] show full description
Also tagged in: Air pollution, Alcohol as fuel, Alternative energy sources, Armed forces, Automobile engines, Automobile industry, Automobiles, Balance of payments, Balance of trade, Biomass energy, Budgets, Business, Cartels, Cellulose, Cost effectiveness, Defense budgets, Defense economics, Defense policy, Diesel motor, Diplomacy, Economic policy, Energy, Energy demand, Energy prices, Energy security, Energy supplies, Environmental protection, Executive departments, Executive Office of the President, Executive reorganization, Export controls, Exports, Finance, Foreign policy, Fuel consumption, Gas in submerged lands, Gross national product, Income tax, Interstate highway system, Marine resources, Motor vehicle pollution control, National security, Natural resources, Oil pollution, OPEC countries, Petroleum in submerged lands, Pipelines, Prospecting, Service stations, Standards, Tax credits, Taxation, Territorial waters, Trade, Traffic accidents and safety, Transportation, Trucks, Water pollution
Latest Action: 06/12/2007 - Sponsor introductory remarks on measure. (CR S7508-7511) Bill TextA bill to improve energy security of the United States through a 50 percent reduction in the oil intensity of the economy of the United States by 2030 and the prudent expansion of secure oil supplies, to be achieved by raising the fuel efficiency of the vehicular transportation fleet, increasing the availability of alternative fuel sources, fostering responsible oil exploration and production, and improving international arrangements to secure the global oil supply, and for other purposes. 3/14/2007--Introduced. Security and Fuel Efficiency Energy Act of 2007 or the SAFE Energy Act of 2007 - Amends corporate average fuel economy (CAFE) provisions to revise the definition of: (1) "automobile" to mean any vehicle that is propelled by fuel, or by alternative fuel, and is manufactured primarily for use on public streets, roads, and highways (currently, four-wheeled vehicles that are so propelled and manufactured for such use and that are up to 6,000 pounds and certain [...] show full description
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Latest Legislation - View All
Also tagged in: Agriculture, Alaska, Alcohol as fuel, Alternative energy sources, Automobile engines, Biomass energy, Black lung, Budgets, Building construction, Business, Carbon cycle, Carbon dioxide, Cellulose, Coal, Cogeneration of electric power and heat, Continental shelf, Damages, Depreciation and amortization, Diesel motor, Disability retirement, Disabled, Education, Electric appliances, Electric power distribution, Electric power production, Electric vehicles, Elementary and secondary education, Energy, Energy conservation, Energy efficiency, Energy facilities, Environmental protection, Excise tax, Exports, Fuel cells, Gas in submerged lands, Gas industry, Geothermal resources, Government trust funds, Greenhouse gases, Gulf of Mexico, Heat pumps, Home repair and improvement, Housing, Hydroelectric power, Incineration, Income tax, Investment tax credit, Irrigation, Law, Liability for environmental damages, Marine resources, Natural gas, Natural resources, Ocean energy resources, Oil pollution, Oil shales, Pensions, Petroleum in submerged lands, Petroleum industry, Petroleum refineries, Public lands, Recycling of waste products, Refuse as fuel, Rural affairs, Rural education, Service stations, Solar energy, Solid wastes, Tankers, Tax credits, Tax deductions, Tax refunds, Taxation, Trade, Transportation, Trucks, Water pollution, Water resources, Wind power
Latest Action: 09/11/2008 - Sponsor introductory remarks on measure. (CR S8392) Bill TextA bill to amend the Internal Revenue Code of 1986 to provide incentives for the production of energy, to provide transportation and domestic fuel security, and to provide incentives for energy conservation and energy efficiency, and for other purposes. 9/11/2008--Introduced. Energy Independence and Investment Act of 2008 - Amends and extends Internal Revenue Code provisions relating to energy production, transportation and domestic fuel security, energy conservation and efficiency, and nuclear power.Extends through 2011 the tax credit for production of electricity from specified renewable resources, including wind energy, biomass, geothermal energy, refined coal, and hydropower. Includes marine and hydrokinetic renewable energy as a renewable resource for purposes of such tax credit. Extends through 2016 the energy tax credit for solar, fuel cell, and microturbine property and the tax credit for residential energy efficient property. Allows a new investment tax [...] show full description
Also tagged in: Agricultural wastes, Agriculture, Air pollution, Alaska, Alcohol as fuel, Alternative energy sources, Apartment houses, Armed forces, Bicycles, Biomass energy, Block grants, Bonds, Budgets, Building laws, Business, Business ethics, Buy American, Car pools, Carbon dioxide, Cellulose, Coal, Coastal zone, Cogeneration of electric power and heat, Congress, Congressional reporting requirements, Continental shelf, Corporation taxes, Defense economics, Depreciation and amortization, Diesel motor, Economic policy, Education, Electric appliances, Electric power production, Electric utilities, Electric vehicles, Energy, Energy conservation, Energy crops, Energy development, Energy efficiency, Energy prices, Energy research, Energy security, Energy transportation, Environmental protection, Excise tax, Export controls, Federal aid to education, Federal aid to research, Federal aid to transportation, Federal-state relations, Federally-guaranteed loans, Fees, Fringe benefits, Fuel cells, Gas in submerged lands, Gas industry, Gifts, Government information, Government lending, Government procurement, Government publicity, Green products, Hawaiians, Heat pumps, Higher education, Housing, Housing finance, Housing subsidies, Hydroelectric power, Hydrogen, Income tax, Indian housing, Indians, Inspectors general, Investment tax credit, Labor, Labor contracts, Law, Low-income housing, Marine resources, Marine resources conservation, Mass rapid transit, Minorities, Minority business enterprises, Mortgage guaranty insurance, Mortgages, Motor vehicle pollution control, Natural gas, Natural resources, New York City, Ocean energy resources, Office buildings, Oil and gas leases, Oil and gas royalties, Oil pollution, Oil shales, Oils and fats, Petroleum, Petroleum in submerged lands, Petroleum industry, Petroleum reserves, Pipelines, Politics and government, Property insurance, Public contracts, Public housing, Real estate appraisal, Refuse as fuel, Rental housing, Research grants, Rural affairs, Rural economic development, Rural housing, Science policy, Service stations, Small business, Solar energy, Solid wastes, State and local government, Strategic materials, Subpoena, Sustainable development, Tax administration, Tax credits, Tax deductions, Tax exclusion, Tax exemption, Tax incentives, Taxation, Technological innovations, Technology, Tidal power, Trade, Transportation, Trucks, Urban affairs, Urban economic development, Welfare, Wind power, Women, Women in business
Latest Action: 09/18/2008 - Received in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time. Bill TextTo advance the national security interests of the United States by reducing its dependency on oil through renewable and clean, alternative fuel technologies while building a bridge to the future through expanded access to Federal oil and natural gas resources, revising the relationship between the oil and gas industry and the consumers who own those resources and deserve a fair return from the development of publicly owned oil and gas, ending tax subsidies for large oil and gas companies, and facilitating energy efficiencies in the building, housing, and transportation sectors, and for other purposes. 9/15/2008--Introduced. Comprehensive American Energy Security and Consumer Protection Act - Prohibits oil and gas preleasing or leasing of any area of the Outer Continental Shelf that was not available for oil and gas leasing as of July 1, 2008, unless that action is expressly authorized by this Act or a statute enacted by Congress after the date of enactment of this Act. [...] show full description
Also tagged in: Budgets, Continental shelf, Energy, Environmental protection, Gas in submerged lands, Government trust funds, Land use, Marine pollution, Marine resources, Natural resources, Oil and gas royalties, Oil pollution, Petroleum in submerged lands, Revenue sharing, State and local government, Virginia, Water conservation, Water pollution, Water resources
Latest Action: 08/08/2008 - Referred to the Subcommittee on Energy and Mineral Resources. Bill Text To authorize the State of Virginia to petition for authorization to conduct natural gas or crude oil (or both) exploration and extraction activities in any area that is at least 50 miles beyond the coastal zone of the State, and for other purposes.
Also tagged in: Business, Coal, Energy, Energy development, Finance, Gas industry, Government information, Government paperwork, Government publicity, Information disclosure (Securities law), Metals, Mines and mineral resources, Natural gas, Natural resources, Petroleum, Petroleum industry, Prospecting, Securities regulation
Latest Action: 07/31/2008 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill TextA bill to require, for the benefit of shareholders, the disclosure of payments to foreign governments for the extraction of natural resources, to allow such shareholders more appropriately to determine associated risks. 7/31/2008--Introduced. Extractive Industries Transparency Disclosure Act - Amends the Securities Exchange Act of 1934 to instruct the Securities and Exchange Commission (SEC) to require specified annual reports of an issuer to disclose the total payments made to an agency or instrumentality of a foreign government: (1) for natural resources in a foreign country; or (2) in connection with the extraction of natural resources from a foreign country. Requires compilation of such information so that it is accessible by the public directly from the SEC website without separately accessing the annual reports of each issuer filing the information on the EDGAR system.
Also tagged in: Administrative procedure, Business, Continental shelf, Department of the Interior, Energy, Energy development, Executive departments, Fines (Penalties), Gas in submerged lands, Gas industry, Law, Marine resources, Natural resources, Oil and gas leases, Petroleum in submerged lands, Petroleum industry, Prospecting, Public contracts, Public lands
Latest Action: 07/10/2008 - Sponsor introductory remarks on measure. (CR S6564-6565) Bill TextA bill to prohibit the Secretary of the Interior from issuing new Federal oil and gas leases to holders of existing leases who do not diligently develop the land subject to the existing leases or relinquish the leases, and for other purposes. 7/10/2008--Introduced. Responsible Federal Oil and Gas Lease Act - Prohibits the Secretary of the Interior from authorizing any new lease for exploration or production of oil or natural gas unless the lessee: (1) certifies for each existing lease that the lessee has diligently developed the lands in order to produce oil or natural gas, or is producing oil or natural gas from such lands; or (2) has relinquished all federal oil and gas leases that are not being diligently developed. Instructs the Secretary to promulgate diligent development regulations that: (1) include benchmarks for oil and gas development to ensure that leaseholders produce oil and gas from each lease within the original term of the lease; and (2) require each [...] show full description
Also tagged in: Administrative procedure, Agriculture, Appropriations, Budgets, Commodity exchanges, Commodity Futures Trading Commission, Congress, Congressional reporting requirements, Continental shelf, Department of the Interior, Derivative securities, Electric batteries, Electric vehicles, Energy, Energy prices, Energy research, Executive departments, Federal employees, Finance, Futures trading, Gas in submerged lands, Government employees, Government information, Government procurement, Government publicity, Government trust funds, Government vehicles, |