Offshore Lease Fairness Act

Summary

Offshore Lease Fairness Act - Amends the Outer Continental Shelf Lands Act to increase from 27% to 50% the revenues: (1) shared with states from leases within three miles of the coast line entered into after enactment of this Act; and (2) from energy-related activities for any lease, easement, or right-of-way granted after enactment of this Act. Amends the Gulf of Mexico Energy Security Act of 2006 to redefine current qualified Outer Continental Shelf revenues as sums received by the United States from leases entered into between December 20, 2006, and the date of enactment of this Act. Requires for FY2010 and each ensuing fiscal year that new outer Continental Shelf revenues be deposited: (1) 50% into the general fund of the Treasury; and (2) 50% into a special account in the Treasury for disbursement to coastal states by the Secretary of the Treasury. Restricts allocation of new outer Continental Shelf revenues from leases in the Gulf of Mexico, the Atlantic Ocean, the Pacific Ocean, and the Arctic Ocean to states that are in, or border on, such specified geographical areas. Prescribes requirements for the timing and administration of the disposition of revenues.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 29 July 2010

   Introduced

   Referred to the House Committee on Natural Resources.

   Source: IntroReferral

2. 29 July 2010

   Introduced

   Introduced in House

   Source: IntroReferral

3. 29 July 2010

   Introduced

   Introduced in House

   Source: IntroReferral

4. 5 August 2010

   Referred

   Referred to the Subcommittee on Energy and Mineral Resources.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 29 July 2010 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 29 July 2010

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 29 July 2010

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 29 July 2010

  Open at official source

  Leesvertaling

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  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Poe, Ted [R-TX-2] · R · Sponsor
• Rep. Olson, Pete [R-TX-22] · R · Sponsor
• Rep. Bright, Bobby [D-AL-2] · D · Sponsor
• Rep. Paul, Ron [R-TX-14] · R · Sponsor
• Rep. Scalise, Steve [R-LA-1] · R · Sponsor
• Rep. Bonner, Jo [R-AL-1] · R · Sponsor
• Rep. Barton, Joe [R-TX-6] · R · Sponsor
• Rep. Cao, Anh "Joseph" [R-LA-2] · R · Sponsor
• Rep. Boustany, Charles W., Jr. [R-LA-3] · R · Cosponsor
• Rep. Melancon, Charlie [D-LA-3] · D · Cosponsor
• · hsii00 · Standing

Related records

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