legislation: 115-s-2777

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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
115-s-2777 115 s 2777 A bill to exempt State and county payments under the Gulf of Mexico Energy Security Act of 2006 from sequestration. Economics and Public Finance 2018-04-26 2018-04-26 Read twice and referred to the Committee on the Budget. Senate Sen. Cassidy, Bill [R-LA] LA R C001075 1 This bill amends the Balanced Budget and Emergency Deficit Control Act of 1985 to exempt from sequestration payments to states under provisions of the Gulf of Mexico Energy Security Act of 2006 that require certain revenues from oil and gas leases in the Gulf of Mexico to be disbursed to Gulf producing states (Alabama, Louisiana, Mississippi, and Texas) and coastal political subdivisions of the states. (Sequestration is a process of automatic, usually across-the-board spending reductions under which budgetary resources are permanently cancelled to enforce specific budget policy goals.) 2023-01-11T13:39:38Z  

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