legislation: 114-s-3150

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
114-s-3150 114 s 3150 Oil and Gas Payments Taxpayer Protection and Deficit Reduction Act Energy 2016-07-07 2016-07-07 Read twice and referred to the Committee on Energy and Natural Resources. Senate Sen. Markey, Edward J. [D-MA] MA D M000133 1 Oil and Gas Payments Taxpayer Protection and Deficit Reduction Act This bill amends the Gulf of Mexico Energy Security Act of 2006 to direct the Department of the Treasury to deposit: (1)50% of qualified Outer Continental Shelf (OCS)revenues into the general fund of the Treasury, and (2) 50% of qualified OCS revenues into a special account. Furthermore, 75% of available revenues in the special account must be used to reduce the federal budget deficit and 25% must be deposited into the Land and Water Conservation Fund. 2023-01-11T13:33:16Z  

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