Offshore Cap Parity Act

II 116TH CONGRESS 2D SESSION S. 3906 To amend the Gulf of Mexico Energy Security Act of 2006 to eliminate the cap on qualified outer Continental Shelf revenues that may be re- ceived by Gulf producing States under that Act, and for other purposes. IN THE SENATE OF THE UNITED STATES JUNE 8, 2020 Mr. KENNEDY introduced the following bill; which was read twice and referred to the Committee on Energy and Natural Resources A BILL To amend the Gulf of Mexico Energy Security Act of 2006 to eliminate the cap on qualified outer Continental Shelf revenues that may be received by Gulf producing States under that Act, and for other purposes. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. SHORT TITLE. 3 This Act may be cited as the ‘‘Offshore Cap Parity 4 Act’’. 5 VerDate Sep 11 2014 01:15 Jun 24, 2020 Jkt 099200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\S3906.IS S3906 kjohnson on DSK79L0C42PROD with BILLS 2 •S 3906 IS SEC. 2. ELIMINATION OF LIMITATIONS ON AMOUNT OF DIS- 1 TRIBUTED QUALIFIED OUTER CONTINENTAL 2 SHELF REVENUES. 3 Section 105 of the Gulf of Mexico Energy Security 4 Act of 2006 (43 U.S.C. 1331 note; Public Law 109–432) 5 is amended by striking subsection (f). 6 Æ VerDate Sep 11 2014 01:15 Jun 24, 2020 Jkt 099200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\S3906.IS S3906 kjohnson on DSK79L0C42PROD with BILLS