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S. 2906: Stop Giving Big Oil Free Money Act

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A bill to prohibit the Secretary of the Interior from issuing new oil or natural gas production leases in the Gulf of Mexico under the Outer Continental Shelf Lands Act to a person that does not renegotiate its existing leases in order to require royalty payments if oil and natural gas prices are greater than or equal to specified price thresholds, and for other purposes.

The bill’s titles are written by its sponsor.

Sponsor and status

Edward “Ed” Markey

Sponsor. Junior Senator for Massachusetts. Democrat.

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Last Updated: Nov 20, 2019
Length: 6 pages
Introduced
Nov 20, 2019
Status

Introduced on Nov 20, 2019

This bill is in the first stage of the legislative process. It was introduced into Congress on November 20, 2019. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.

Prognosis
1% chance of being enacted according to Skopos Labs (details)
Source

History

Nov 20, 2019
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

If this bill has further action, the following steps may occur next:
 
Passed Committee

 
Passed Senate

 
Passed House

 
Signed by the President

S. 2906 is a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

How to cite this information.

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“S. 2906 — 116th Congress: Stop Giving Big Oil Free Money Act.” www.GovTrack.us. 2019. December 6, 2019 <https://www.govtrack.us/congress/bills/116/s2906>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.