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Code · BILL · 113th Congress · S. 329 (Introduced in Senate) — To eliminate certain fuel subsidies and to amend the Internal Revenue Code of 1986 to extend certain energy tax incen... · Sec. 102

Sec. 102. Royalty Relief

89 words·~1 min read·/bill/113/s/329/is/section-102

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Section 8(a)(3) of the Outer Continental Shelf Lands Act ( 43 U.S.C. 1337(a)(3) ) is amended— by striking subparagraph (B); and by redesignating subparagraph
(C)as subparagraph (B). Section 344 of the Energy Policy Act of 2005 (42 U.S.C. 15904) is repealed. Section 345 of the Energy Policy Act of 2005 (42 U.S.C. 15905) is repealed. Notwithstanding any other provision of law (including regulations), royalty relief shall not be permitted under a lease issued under section 8 of the Outer Continental Shelf Lands Act ( 43 U.S.C. 1337 ).
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