United States · Bill · S
S. 3150 (114th)
Oil and Gas Payments Taxpayer Protection and Deficit Reduction Act
Introduced
7 July 2016
Last action
7 July 2016 · Introduced
Status
Read twice and referred to the Committee on Energy and Natural Resources.
Sponsors
Sen. Markey, Edward J. [D-MA], Sen. Menendez, Robert [D-NJ]
Subjects
Energy, Budget
Source updated
24 March 2026
Summary
Oil and Gas Payments Taxpayer Protection and Deficit Reduction Act This bill amends the Gulf of Mexico Energy Security Act of 2006 to direct the Department of the Treasury to deposit: (1) 50% of qualified Outer Continental Shelf (OCS) revenues into the general fund of the Treasury, and (2) 50% of qualified OCS revenues into a special account. Furthermore, 75% of available revenues in the special account must be used to reduce the federal budget deficit and 25% must be deposited into the Land and Water Conservation Fund.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
7 July 2016
Introduced
Read twice and referred to the Committee on Energy and Natural Resources.
Source: IntroReferral
7 July 2016
Introduced
Introduced in Senate
Source: IntroReferral
Votes
No vote records are attached yet.
Versions
- Introduced in Senate · 7 July 2016 · Download file
Documents
3 official files
Introduced in Senate (text)
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Introduced in Senate (text)
Introduced in Senate · EN · 7 July 2016
Introduced in Senate (PDF)
Introduced in Senate · EN · 7 July 2016
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Introduced in Senate
summary · EN · 7 July 2016
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Sponsors
- Sen. Markey, Edward J. [D-MA] · D · Sponsor
- Sen. Menendez, Robert [D-NJ] · D · Cosponsor
- · sseg00 · Standing
Related records
No cross-record relationships stored yet.
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/114th-congress/senate-bill/3150
- Open data entity: https://api.congress.gov/v3/bill/114/s/3150
- us · 114-s-3150 · source updated 24 March 2026