S. 5458

Supply Relief and Domestic Production Cost Reduction Act

Sponsor: Tom Cotton · 0 cosponsors

Where it stands

Read twice and referred to the Committee on Energy and Natural Resources. (Sep 22)

No roll-call votes yet.

No official summary yet.

Sec. 1. Short title

Sec. 2. Purposes

Sec. 3. Definitions

I Supply shortage determination

Sec. 101. Certification of supply shortage period

Sec. 102. Covered relief period

II Federal royalty and lease payment relief

Sec. 201. Temporary reduction in Federal oil and gas royalty rates during supply shortage periods

Sec. 202. Temporary reduction of Federal lease rentals, minimum bids, and related payments

Sec. 203. Expedited royalty relief for supply-constrained basins

III Federal lease terms

Sec. 301. Lease term extensions

IV Consumer cost and supply accountability

Sec. 401. Producer certification

Sec. 402. Report to Congress

Sec. 403. GAO review