,,ii #aafth ,,congress #b;d ,session ,s4 #cfaa ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,may #e1 #bjbj,mr4 ,merkley 7for himself1 ,mr4 ,sanders1 ,mr4 ,markey1 ,mr4 ,wyden1 ,ms4 ,harris1 ,mr4 ,booker1 ,mrs4 ,gillibrand1 ,mr4 ,blumenthal1 and ,ms4 ,warren7 introduced the following bill2 which was read twice and referred to the ,committee on ,energy and ,natural ,resources ,a ,,bill ,to amend the ,mineral ,leasing ,act and the ,outer ,continental ,shelf ,lands ,act to limit the authority of the ,secretary of the ,interior to reduce certain royalties1 to amend the ,,cares ,act to limit the provision of assistance to certain businesses1 to impose a moratorium on certain oil and natural gas lease sales1 the issuance of coal leases1 and modifications to certain regulations1 to extend certain public comment periods1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,resources for ,workforce ,investments1 ,not ,drilling ,act or the ,re,w,i,n,d ,act4 #b4 ,limitation on certain forms of assistance under the ,,cares ,act 7a7 ,exclusion of certain businesses from financial assistance 7#a7 ,definition of eligible business ,section #djjb7d77;,b7 of the ,,cares ,act 7,public ,law #aaf-acf2 #acd ,stat4 #bha7 is amended by inserting 7other than a ,united ,states business for which not less than #ae percent of the revenue is derived from the extraction1 transport1 storage1 export1 or refining of oil1 natural gas1 and coal7 after ,united ,states business4 7#b7 ,loans and loan guarantees for businesses critical to maintaining national security ,section #djjc7;b77#c7 of the ,,cares ,act 7,public ,law #aaf-acf2 #acd ,stat4 #bha7 is amended by inserting 7other than a ,united ,states business for which not less than #ae percent of the revenue is derived from the extraction1 transport1 storage1 export1 or refining of oil1 natural gas1 and coal7 after national security4 7b7 ,limitation on acquisition of federal leases by loan recipients ,section #djjc7;c77#a7 of the ,,cares ,act 7,public ,law #aaf-acf2 #acd ,stat4 #bha7 is amended by adding at the end the following3 7,c7 ,limitation on acquisition of federal leases by loan recipients ,an eligible business that receives a loan or loan guarantee under this section may not bid on1 purchase1 or acquire any ,federal lease or acquire a ,federal lease from a third party until the date on which the ,secretary certifies that any loans received or guaranteed under this section have been repaid4 4 7c7 ,limitation on loans and loan guarantees to certain financial institutions ,section #djjc of the ,,cares ,act 7,public ,law #aaf-acf2 #acd ,stat4 #bha7 is amended by adding at the end the following3 7i7 ,limitation on loans and loan guarantees to certain financial institutions ,the ,secretary shall not make a loan or loan guarantee to1 or other investment in1 a financial institution under this section for the purpose of assisting any business for which not less than #ae percent of the revenue is derived from the extraction1 transport1 storage1 export1 or refining of oil1 natural gas1 and coal4 4 #c4 ,limitations on banks operating fossil fuel companies 7a7 ,definitions ,in this section3 7#a7 ,,cares ,act ,the term ,,cares ,act means the ,coronavirus ,aid1 ,relief1 and ,economic ,security ,act 7,public ,law #aaf-acf74 7#b7 ,covered entity ,the term covered entity means-- 7,a7 a solvent insured depository institution or solvent depository institution holding company 7including any affiliate thereof7 that issues debt that is guaranteed under the program authorized by subsection 7h7 of section #aaje of the ,dodd-,frank ,wall ,street ,reform and ,consumer ,protection ,act1 as added by section #djjh of the ,,cares ,act2 7,b7 any entity issuing loans or extensions of credit described in section #ebjj7;c77#g7 of the ,revised ,statutes1 as amended by section #djaa of the ,,cares ,act2 7,c7 any bank sponsoring a money market mutual fund that benefits from a guarantee as a result of the application of section #djae7;a7 of the ,,cares ,act2 7,d7 a qualifying community bank that is subject to interim rule issued under section #djab7;b77#a7 of the ,,cares ,act2 and 7,e7 an insured depository institution1 bank holding company1 or any affiliate thereof that does not comply with the current expected credit losses methodology for estimating allowances for credit losses described in section #djad7;b7 of the ,,cares ,act4 7#c7 ,covered period ,the term covered period means the period beginning on the date of enactment of this ,act and ending on the date that is #b years after-- 7,a7 with respect to a covered entity described in subparagraph 7,a7 of paragraph 7#b71 the date on which the program described in that subparagraph terminates2 7,b7 with respect to a covered entity described in subparagraph 7,b7 of paragraph 7#b71 the date on which the period described in section #djaa7;b7 of the ,,cares ,act expires2 7,c7 with respect to a covered entity described in subparagraph 7,c7 of paragraph 7#b71 the date on which the guarantee described in that subparagraph terminates2 7,d7 with respect to a covered entity described in subparagraph 7,d7 of paragraph 7#b71 the date on which the period described in section #djab7;b77#b7 of the ,,cares ,act expires2 and 7,e7 with respect to a covered entity described in subparagraph 7,e7 of paragraph 7#b71 the date on which the period described in section #djad7;b7 of the ,,cares ,act expires4 7b7 ,prohibition ,during the covered period1 no covered entity1 or subsidiary or affiliate of a covered entity1 may take a new equity stake or otherwise own or operate1 or sponsor or retain an ownership interest in any fund that takes an ownership stake in during the covered period1 any business for which #ae percent or more of the revenue is derived from the extraction1 transport1 storage1 export1 and refining of oil1 natural gas1 and coal4 #d4 ,moratorium on oil and natural gas lease sales1 noncompetitive leases for oil or natural gas1 the issuance of coal leases1 and modifications to certain regulations ,notwithstanding any other provision of law1 during the period beginning on the date of enactment of this ,act and ending on the termination date of the national emergency declared by the ,president under the ,national ,emergencies ,act 7#ej ,u4,s4,c4 #afja et seq47 with respect to the ,coronavirus ,disease #bjai 7,,covid-#ai71 the ,secretary of the ,interior shall not-- 7#a7 conduct any lease sales for oil or natural gas2 7#b7 issue any noncompetitive leases for oil or natural gas2 7#c7 issue any coal leases2 or 7#d7 modify any regulations relating to oil1 natural gas1 or coal4 #e4 ,strategic ,petroleum ,reserve 7a7 ,maximum storage capacity 7#a7 ,in general ,section #aed7;a7 of the ,energy ,policy and ,conservation ,act 7#db ,u4,s4,c4 #fbcd7;a77 is amended by striking #a billion barrels and inserting #gad1ejj1jjj barrels4 7#b7 ,conforming amendments 7,a7 ,section #cja7;e7 of the ,energy ,policy ,act of #bjje 7#db ,u4,s4,c4 #fbdj note2 ,public ,law #aji-eh7 is amended by striking paragraph 7#a74 7,b7 ,section #aei of the ,energy ,policy and ,conservation ,act 7#db ,u4,s4,c4 #fbci7 is amended by striking subsection 7j74 7b7 ,development1 operation1 and maintenance of ,reserve ,section #aei of the ,energy ,policy and ,conservation ,act 7#db ,u4,s4,c4 #fbci7 7as amended by subsection 7a77#b77;,b77 is amended-- 7#a7 by redesignating subsections 7f71 7g71 7k71 and 7l7 as subsections 7a71 7b71 7c71 and 7d71 respectively2 and 7#b7 by inserting after subsection 7d7 7as so redesignated7 the following3 7e7 ,prohibition of storage of petroleum products not owned by the ,united ,states ,the ,secretary may not store in a storage or related facility of the ,strategic ,petroleum ,reserve owned by or leased to the ,united ,states any petroleum products that are not owned by the ,united ,states4 4 7c7 ,repeal of royalty-in-,kind provision ,title ,i of ,the ,department of the ,interior1 ,environment1 and ,related ,agencies ,appropriations ,act1 #bjjf 7,public ,law #aji-ed2 #aai ,stat4 #eab71 is amended in the matter under the heading ,royalty and offshore minerals management under the heading ,minerals ,management ,service under the heading ,department of the ,interior by striking the fifth proviso 7#cj ,u4,s4,c4 #ageh74 #f4 ,limitation on availability of funds under the ,defense ,production ,act of #aiej ,a fossil fuel company shall not be eligible for financial assistance made available in connection with the national emergency declared by the ,president under the ,national ,emergencies ,act 7#ej ,u4,s4,c4 #afja et seq47 with respect to the ,coronavirus ,disease #bjai 7,,covid-#ai7 under title ,,iii of the ,defense ,production ,act of #aiej 7#ej ,u4,s4,c4 #deca et seq471 including through a loan guarantee1 loan1 direct investment1 or price guarantee under that title4 #g4 ,repeal of royalty relief provisions 7a7 ,royalty relief under the ,mineral ,leasing ,act 7#a7 ,repeal ,section #ci of the ,mineral ,leasing ,act 7#cj ,u4,s4,c4 #bji7 is repealed4 7#b7 ,conforming amendments 7,a7 ,section #hgba7;b7 of title #aj1 ,united ,states ,code1 is amended by striking #bjb-bji and inserting #bjb-bjh4 7,b7 ,section #hgce7;a7 of title #aj1 ,united ,states ,code1 is amended by striking #bjb-bji and inserting #bjb-bjh4 7,c7 ,section #ca7;h7 of the ,mineral ,leasing ,act 7#cj ,u4,s4,c4 #ahh7;h77 is amended by striking and the provisions of section #ci of this ,act4 7b7 ,royalty relief for deepwater production ,section #cde of the ,energy ,policy ,act of #bjje 7#db ,u4,s4,c4 #aeije7 is repealed4 #h4 ,limitation on the authority of the ,secretary to reduce or eliminate certain royalties and net profit shares under the outer ,continental ,shelf ,lands ,act ,section #h7;a7 of the ,outer ,continental ,shelf ,lands ,act 7#dc ,u4,s4,c4 #accg7;a77 is amended by striking paragraph 7#c7 and inserting the following3 7#c7 ,limitation on authority of ,secretary to reduce or eliminate certain royalties or net profit shares ,notwithstanding any other provision of this ,act1 the ,secretary may not reduce or eliminate any royalty or net profit share established under a lease4 4 #i4 ,extension of public comment periods and suspension of rulemaking 7a7 ,extension of public comment periods ,notwithstanding any other provision of law1 the heads of ,federal agencies shall keep open any public comment period that was open as of ,march #ac1 #bjbj1 during the period beginning on the date of enactment of this ,act and ending on a date1 as designated by the head of the applicable ,federal agency1 that is not earlier than #cj days after the date on which the ,national ,emergency declared by the ,president under the ,national ,emergencies ,act 7#ej ,u4,s4,c4 #afja et seq47 with respect to the ,coronavirus ,disease #bjai 7,,covid-#ai7 is terminated4 7b7 ,suspension of rulemaking ,notwithstanding any other provision of law1 unless the head of a ,federal agency determines that a rulemaking is specifically required to respond to1 or recover from1 the ,coronavirus ,disease #bjai 7,,covid-#ai7 pandemic1 the head of a ,federal agency shall not initiate any new administrative rulemaking during the period beginning on the date of enactment of this ,act and ending on a date1 as designated by the head of the applicable ,federal agency1 that is not earlier than the date #cj days after the date on which the ,national ,emergency declared by the ,president under the ,national ,emergencies ,act 7#ej ,u4,s4,c4 #afja et seq47 with respect to the ,coronavirus ,disease #bjai 7,,covid-#ai7 is terminated4