Gulf Coast Oil and Gas Royalty Giveaway Repeal and Deficit Reduction Act

referredUnited States· United States Congress· EN

Introduced

27 July 2011

Last action

29 July 2011 · Referred

Status

Referred to the Subcommittee on Energy and Mineral Resources.

Summary

Gulf Coast Oil and Gas Royalty Giveaway Repeal and Deficit Reduction Act - Amends the Gulf of Mexico Energy Security Act of 2006 to direct the Secretary of the Treasury to deposit: (1) 87.5% of qualified outer Continental Shelf (OCS) revenues into the general fund of the Treasury, and (2) 12.5 % of qualified OCS revenues in a special account in the Treasury to be disbursed 100% to provide financial assistance to states. Considers such funds income to the Land and Water Conservation Fund. Requires rentals or royalties received by the United States from leases under such Act to be deposited into the Treasury and used for federal budget deficit reduction or, if there is no federal budget deficit, for reducing the federal debt.

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Timeline

27 July 2011
Introduced
Referred to the House Committee on Natural Resources.
Source: IntroReferral
27 July 2011
Introduced
Introduced in House
Source: IntroReferral
27 July 2011
Introduced
Introduced in House
Source: IntroReferral
29 July 2011
Referred
Referred to the Subcommittee on Energy and Mineral Resources.
Source: Committee

Votes

No vote records are attached yet.

Versions

Introduced in House · 27 July 2011 · Download file

Documents

3 official files

Introduced in House (text)

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Introduced in House (text)
Introduced in House · EN · 27 July 2011
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Introduced in House (PDF)
Introduced in House · EN · 27 July 2011
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Introduced in House
summary · EN · 27 July 2011
Open at official source
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Related records

related to ← Fair Payment for Energy and Mineral Production on Public Lands Act

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/112th-congress/house-bill/2673
Open data entity: https://api.congress.gov/v3/bill/112/hr/2673
us · 112-hr-2673 · source updated 14 August 2025