To amend the Gulf of Mexico Energy Security Act of 2006 to require payments to Gulf producing States and their coastal political subdivisions to compensate for reductions in other payments under that Act resulting from the moratorium on new oil and natural gas leases in offshore waters under Executive Order 14008 of January 27, 2021.
Gulf Conservation and Recreation Funding Act
This bill requires the Department of the Interior to annually pay Gulf producing states (Alabama, Louisiana, Mississippi, and Texas) and each of their coastal political subdivisions an amount equal to the amount of revenue they will not receive due to moratorium on new oil and natural gas leases in offshore waters. The moratorium was established under Executive Order 14008 on January 27, 2021.
Introduced in House
Introduced in House
Referred to the House Committee on Natural Resources.
Referred to the Subcommittee on Energy and Mineral Resources.
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