Amendment sought to strike provisions in the bill lifting the 25-year moratorium on oil and gas drilling in environmentally sensitive areas offshore and to retain provisions designed to provide oil companies with incentives to renegotiate existing leases.

Ask AI
Amendment Number
1176
Description
Amendment sought to strike provisions in the bill lifting the 25-year moratorium on oil and gas drilling in environmentally sensitive areas offshore and to retain provisions designed to provide oil companies with incentives to renegotiate existing leases.
Purpose
An amendment numbered 4 printed in House Report 109-540 to strike provisions in the bill lifting the 25-year moratorium on oil and gas drilling in environmentally-sensitive areas offshore and leaves provisions designed to provide oil companies with incentives to renegotiate existing leases that fail to include market-based price caps for the suspension of royalty-free drilling and begin production on active leases that are not producing.
Congress
109
Type
HAMDT
Latest Action Date
Jun 29, 2006
Latest Action Text
On agreeing to the Markey amendment (A004) Failed by recorded vote: 170 - 249 (Roll no. 354).
Latest Action Time
18:57:26
Submitted Date
Jun 29, 2006
Chamber
House of Representatives
Update Date
Apr 20, 2021
Amendment 1176 — Informed