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Code · BILL · 117th Congress · S. 5216 (Introduced in Senate) — To reduce the Federal budget deficit by closing big oil tax loopholes, and for other purposes. · Sec. 201

Sec. 201. Repeal of outer Continental Shelf deep water and deep gas royalty relief

101 words·~1 min read·/bill/117/s/5216/is/section-201

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Sections 344 and 345 of the Energy Policy Act of 2005 ( 42 U.S.C. 15904 , 15905) are repealed. With respect to any lease described in section 344 or 345 of the Energy Policy Act of 2005 ( 42 U.S.C. 15904 , 15905) (as in effect on the day before the date of enactment of this Act), beginning with the first lease sale held on or after that date of enactment for which a final notice of sale has not been published, the Secretary of the Interior shall not be required to provide for royalty relief in the lease sale terms.
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Sec. 201
Repeal of outer Continental Shelf deep water and deep gas royalty relief
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