S. 5458
Supply Relief and Domestic Production Cost Reduction Act
Sponsor: Tom Cotton · 0 cosponsors
Official summary
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Text of the bill
I Supply shortage determination
II Federal royalty and lease payment relief
III Federal lease terms
IV Consumer cost and supply accountability
(a) In general. A covered producer receiving relief under this Act shall certify to the applicable Federal agency that the relief will be used to support 1 or more of the following:
(1) Increased domestic production.
(2) Maintenance or restoration of existing production.
(3) Avoidance of shut-in production.
(4) Reduction in production costs.
(5) Expansion of drilling, completion, recompletion, workover, or field-service activity.
(6) Reduction of delivered energy costs to refiners, utilities, industrial consumers, commercial consumers, agricultural users, or households.
(b) Form. The certification required under subsection (a) shall be in such form and contain such information as the Secretary of Energy may require.
(c) False statements. A certification under subsection (a) shall be subject to section 1001 of title 18, United States Code.