To suspend the application of any provision of Federal law under which persons are relieved from the requirement to pay royalties for production of oil or natural gas from Federal lands in periods of high oil and natural gas prices, to require the Secretary to seek to renegotiate existing oil and natural gas leases to similarly limit suspension of royalty obligations under such leases, and for other purposes.
Royalty Relief for American Consumers Act of 2006 - Directs the Secretary of the Interior to suspend relief from any federal requirement to pay royalty (thus requiring the payment of royalties to the federal government) for production of oil or natural gas from federal lands (including submerged lands) during any period in which average prices of either crude oil or natural gas exceed specified amounts.
Instructs the Secretary to seek to renegotiate certain existing leases authorizing production of oil or natural gas on federal land to conform with this Act.
Conditions eligibility for renewal of such leases or new leases for existing lessees upon compliance with this Act.
Read twice and referred to the Committee on Energy and Natural Resources.
Introduced in House
Introduced in House
Sponsor introductory remarks on measure. (CR E144)
Referred to the House Committee on Resources.
Referred to the Subcommittee on Energy and Mineral Resources.
Executive Comment Requested from Interior.
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