Strengthening Our Share (S.O.S.) Act - Amends the Gulf of Mexico Energy Security Act of 2006 to revise and increase the allocations (planned sharing) with Gulf states of certain qualified outer Continental Shelf (OCS) revenues due and payable to the United States from specified Gulf of Mexico leases.
Repeals the limitation placed upon the amount of distributed qualified OCS revenues.
[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5945 Introduced in House (IH)]
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.
<all>
Introduced in House
Introduced in House
Referred to the House Committee on Natural Resources.
Referred to the Subcommittee on Energy and Mineral Resources.
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