S. 158 (104th): Outer Continental Shelf Deep Water Royalty Relief Act

Introduced:
Jan 05, 1995 (104th Congress, 1995–1996)
Sponsor:
Sen. John Johnston Jr. [D-LA]
Status:
Died (Referred to Committee)
See Instead:

H.R. 2106 (same title)
Referred to Committee — Jul 25, 1995

The bill’s title was written by the bill’s sponsor. S. stands for Senate bill.

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


1/5/1995--Introduced.
Outer Continental Shelf Deep Water Royalty Relief Act - Amends the Outer Continental Shelf Lands Act to authorize the Secretary of the Interior to reduce or eliminate any royalty or net profit share set forth in existing leases, before commencement of production, for oil or gas resources in deep water on the Outer Continental Shelf in the Gulf of Mexico. Declares that no royalty payments shall be due on new production from any lease or unit located in specified water depths in the Western and Central Planning Areas of the Gulf until certain volumes of oil equivalent are produced.
Suspends royalties for a five-year period for new leases in specified water depths in the Gulf.

House Republican Conference Summary

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The bill contains the following citations to other parts of U.S. law:

United States Code

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