,,ii #aaf? ,,congress #b;d ,session ,s4 #cfaa ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,may #e1 #bjbj,mr4 ,m]kley 7= himself1 ,mr4 ,s&]s1 ,mr4 ,m>key1 ,mr4 ,wyd51 ,ms4 ,h>ris1 ,mr4 ,book]1 ,mrs4 ,gillibr&1 ,mr4 ,blum5?al1 & ,ms4 ,w>r57 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,en]gy & ,natural ,res\rces ,a ,,bill ,to am5d ! ,m9]al ,leas+ ,act & ! ,out] ,cont95tal ,%elf ,l&s ,act to limit ! au?ority ( ! ,secret>y ( ! ,int]ior to r$uce c]ta9 royalties1 to am5d ! ,,c>es ,act to limit ! provision ( assi/ance to c]ta9 bus9esses1 to impose a moratorium on c]ta9 oil & natural gas lease sales1 ! issuance ( coal leases1 & modifications to c]ta9 regulations1 to ext5d c]ta9 public comm5t p]iods1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,res\rces = ,work=ce ,inve/m5ts1 ,n ,drill+ ,act or ! ,re,w,i,n,d ,act4 #b4 ,limitation on c]ta9 =ms ( assi/ance "u ! ,,c>es ,act 7a7 ,exclusion ( c]ta9 bus9esses f f9ancial assi/ance 7#a7 ,def9ition ( eligible bus9ess ,section #djjb7d77;,b7 ( ! ,,c>es ,act 7,public ,law #aaf-acf2 #acd ,/at4 #bha7 is am5d$ by ins]t+ 7o!r ?an a ,unit$ ,/ates bus9ess = :i* n less ?an #ae p]c5t ( ! rev5ue is d]iv$ f ! extraction1 transport1 /orage1 export1 or ref9+ ( oil1 natural gas1 & coal7 aft] ,unit$ ,/ates bus9ess4 7#b7 ,loans & loan gu>antees = bus9esses critical to ma9ta9+ national security ,section #djjc7;b77#c7 ( ! ,,c>es ,act 7,public ,law #aaf-acf2 #acd ,/at4 #bha7 is am5d$ by ins]t+ 7o!r ?an a ,unit$ ,/ates bus9ess = :i* n less ?an #ae p]c5t ( ! rev5ue is d]iv$ f ! extraction1 transport1 /orage1 export1 or ref9+ ( oil1 natural gas1 & coal7 aft] national security4 7b7 ,limitation on acquisition ( f$]al leases by loan recipi5ts ,section #djjc7;c77#a7 ( ! ,,c>es ,act 7,public ,law #aaf-acf2 #acd ,/at4 #bha7 is am5d$ by add+ at ! end ! foll[+3 7,c7 ,limitation on acquisition ( f$]al leases by loan recipi5ts ,an eligible bus9ess t receives a loan or loan gu>antee "u ?is section may n bid on1 pur*ase1 or acquire any ,f$]al lease or acquire a ,f$]al lease f a ?ird p>ty until ! date on :i* ! ,secret>y c]tifies t any loans receiv$ or gu>ante$ "u ?is section h be5 repaid4 4 7c7 ,limitation on loans & loan gu>antees to c]ta9 f9ancial in/itutions ,section #djjc ( ! ,,c>es ,act 7,public ,law #aaf-acf2 #acd ,/at4 #bha7 is am5d$ by add+ at ! end ! foll[+3 7i7 ,limitation on loans & loan gu>antees to c]ta9 f9ancial in/itutions ,! ,secret>y %all n make a loan or loan gu>antee to1 or o!r inve/m5t 91 a f9ancial in/itution "u ?is section = ! purpose ( assi/+ any bus9ess = :i* n less ?an #ae p]c5t ( ! rev5ue is d]iv$ f ! extraction1 transport1 /orage1 export1 or ref9+ ( oil1 natural gas1 & coal4 4 #c4 ,limitations on banks op]at+ fossil fuel companies 7a7 ,def9itions ,9 ?is section3 7#a7 ,,c>es ,act ,! t]m ,,c>es ,act means ! ,coronavirus ,aid1 ,relief1 & ,economic ,security ,act 7,public ,law #aaf-acf74 7#b7 ,cov]$ entity ,! t]m cov]$ entity means-- 7,a7 a solv5t insur$ depository in/itution or solv5t depository in/itution hold+ company 7includ+ any affiliate !re(7 t issues debt t is gu>ante$ "u ! program au?oriz$ by subsection 7h7 ( section #aaje ( ! ,dodd-,frank ,wall ,/reet ,re=m & ,consum] ,protection ,act1 z add$ by section #djjh ( ! ,,c>es ,act2 7,b7 any entity issu+ loans or ext5sions ( cr$it describ$ 9 section #ebjj7;c77#g7 ( ! ,revis$ ,/atutes1 z am5d$ by section #djaa ( ! ,,c>es ,act2 7,c7 any bank sponsor+ a money m>ket mutual fund t b5efits f a gu>antee z a result ( ! application ( section #djae7;a7 ( ! ,,c>es ,act2 7,d7 a qualify+ community bank t is subject to int]im rule issu$ "u section #djab7;b77#a7 ( ! ,,c>es ,act2 & 7,e7 an insur$ depository in/itution1 bank hold+ company1 or any affiliate !re( t does n comply ) ! curr5t expect$ cr$it losses me?odology = e/imat+ all[ances = cr$it losses describ$ 9 section #djad7;b7 ( ! ,,c>es ,act4 7#c7 ,cov]$ p]iod ,! t]m cov]$ p]iod means ! p]iod beg9n+ on ! date ( enactm5t ( ?is ,act & end+ on ! date t is #b ye>s aft]-- 7,a7 ) respect to a cov]$ entity describ$ 9 subp>agraph 7,a7 ( p>agraph 7#b71 ! date on :i* ! program describ$ 9 t subp>agraph t]m9ates2 7,b7 ) respect to a cov]$ entity describ$ 9 subp>agraph 7,b7 ( p>agraph 7#b71 ! date on :i* ! p]iod describ$ 9 section #djaa7;b7 ( ! ,,c>es ,act expires2 7,c7 ) respect to a cov]$ entity describ$ 9 subp>agraph 7,c7 ( p>agraph 7#b71 ! date on :i* ! gu>antee describ$ 9 t subp>agraph t]m9ates2 7,d7 ) respect to a cov]$ entity describ$ 9 subp>agraph 7,d7 ( p>agraph 7#b71 ! date on :i* ! p]iod describ$ 9 section #djab7;b77#b7 ( ! ,,c>es ,act expires2 & 7,e7 ) respect to a cov]$ entity describ$ 9 subp>agraph 7,e7 ( p>agraph 7#b71 ! date on :i* ! p]iod describ$ 9 section #djad7;b7 ( ! ,,c>es ,act expires4 7b7 ,prohibition ,dur+ ! cov]$ p]iod1 no cov]$ entity1 or subsidi>y or affiliate ( a cov]$ entity1 may take a new equity /ake or o!rwise own or op]ate1 or sponsor or reta9 an own]%ip int]e/ 9 any fund t takes an own]%ip /ake 9 dur+ ! cov]$ p]iod1 any bus9ess = :i* #ae p]c5t or m ( ! rev5ue is d]iv$ f ! extraction1 transport1 /orage1 export1 & ref9+ ( oil1 natural gas1 & coal4 #d4 ,moratorium on oil & natural gas lease sales1 noncompetitive leases = oil or natural gas1 ! issuance ( coal leases1 & modifications to c]ta9 regulations ,not)/&+ any o!r provision ( law1 dur+ ! p]iod beg9n+ on ! date ( enactm5t ( ?is ,act & end+ on ! t]m9ation date ( ! national em]g5cy decl>$ by ! ,presid5t "u ! ,national ,em]g5cies ,act 7#ej ,u4,s4,c4 #afja et seq47 ) respect to ! ,coronavirus ,disease #bjai 7,,covid-#ai71 ! ,secret>y ( ! ,int]ior %all n-- 7#a7 conduct any lease sales = oil or natural gas2 7#b7 issue any noncompetitive leases = oil or natural gas2 7#c7 issue any coal leases2 or 7#d7 modify any regulations relat+ to oil1 natural gas1 or coal4 #e4 ,/rategic ,petroleum ,res]ve 7a7 ,maximum /orage capacity 7#a7 ,9 g5]al ,section #aed7;a7 ( ! ,en]gy ,policy & ,cons]vation ,act 7#db ,u4,s4,c4 #fbcd7;a77 is am5d$ by /rik+ #a billion b>rels & ins]t+ #gad1ejj1jjj b>rels4 7#b7 ,con=m+ am5dm5ts 7,a7 ,section #cja7;e7 ( ! ,en]gy ,policy ,act ( #bjje 7#db ,u4,s4,c4 #fbdj note2 ,public ,law #aji-eh7 is am5d$ by /rik+ p>agraph 7#a74 7,b7 ,section #aei ( ! ,en]gy ,policy & ,cons]vation ,act 7#db ,u4,s4,c4 #fbci7 is am5d$ by /rik+ subsection 7j74 7b7 ,developm5t1 op]ation1 & ma9t5ance ( ,res]ve ,section #aei ( ! ,en]gy ,policy & ,cons]vation ,act 7#db ,u4,s4,c4 #fbci7 7z am5d$ by subsection 7a77#b77;,b77 is am5d$-- 7#a7 by r$esignat+ subsections 7f71 7g71 7k71 & 7l7 z subsections 7a71 7b71 7c71 & 7d71 respectively2 & 7#b7 by ins]t+ aft] subsection 7d7 7z s r$esignat$7 ! foll[+3 7e7 ,prohibition ( /orage ( petroleum products n own$ by ! ,unit$ ,/ates ,! ,secret>y may n /ore 9 a /orage or relat$ facility ( ! ,/rategic ,petroleum ,res]ve own$ by or leas$ to ! ,unit$ ,/ates any petroleum products t are n own$ by ! ,unit$ ,/ates4 4 7c7 ,repeal ( royalty-9-,k9d provision ,title ,i ( ,! ,dep>tm5t ( ! ,int]ior1 ,environm5t1 & ,relat$ ,ag5cies ,appropriations ,act1 #bjjf 7,public ,law #aji-ed2 #aai ,/at4 #eab71 is am5d$ 9 ! matt] "u ! head+ ,royalty & (f%ore m9]als managem5t "u ! head+ ,m9]als ,managem5t ,s]vice "u ! head+ ,dep>tm5t ( ! ,int]ior by /rik+ ! fif? proviso 7#cj ,u4,s4,c4 #ageh74 #f4 ,limitation on availability ( funds "u ! ,def5se ,production ,act ( #aiej ,a fossil fuel company %all n be eligible = f9ancial assi/ance made available 9 connection ) ! national em]g5cy decl>$ by ! ,presid5t "u ! ,national ,em]g5cies ,act 7#ej ,u4,s4,c4 #afja et seq47 ) respect to ! ,coronavirus ,disease #bjai 7,,covid-#ai7 "u title ,,iii ( ! ,def5se ,production ,act ( #aiej 7#ej ,u4,s4,c4 #deca et seq471 includ+ ?r\gh a loan gu>antee1 loan1 direct inve/m5t1 or price gu>antee "u t title4 #g4 ,repeal ( royalty relief provisions 7a7 ,royalty relief "u ! ,m9]al ,leas+ ,act 7#a7 ,repeal ,section #ci ( ! ,m9]al ,leas+ ,act 7#cj ,u4,s4,c4 #bji7 is repeal$4 7#b7 ,con=m+ am5dm5ts 7,a7 ,section #hgba7;b7 ( title #aj1 ,unit$ ,/ates ,code1 is am5d$ by /rik+ #bjb-bji & ins]t+ #bjb-bjh4 7,b7 ,section #hgce7;a7 ( title #aj1 ,unit$ ,/ates ,code1 is am5d$ by /rik+ #bjb-bji & ins]t+ #bjb-bjh4 7,c7 ,section #ca7;h7 ( ! ,m9]al ,leas+ ,act 7#cj ,u4,s4,c4 #ahh7;h77 is am5d$ by /rik+ & ! provisions ( section #ci ( ?is ,act4 7b7 ,royalty relief = deepwat] production ,section #cde ( ! ,en]gy ,policy ,act ( #bjje 7#db ,u4,s4,c4 #aeije7 is repeal$4 #h4 ,limitation on ! au?ority ( ! ,secret>y to r$uce or elim9ate c]ta9 royalties & net pr(it %>es "u ! out] ,cont95tal ,%elf ,l&s ,act ,section #h7;a7 ( ! ,out] ,cont95tal ,%elf ,l&s ,act 7#dc ,u4,s4,c4 #accg7;a77 is am5d$ by /rik+ p>agraph 7#c7 & ins]t+ ! foll[+3 7#c7 ,limitation on au?ority ( ,secret>y to r$uce or elim9ate c]ta9 royalties or net pr(it %>es ,not)/&+ any o!r provision ( ?is ,act1 ! ,secret>y may n r$uce or elim9ate any royalty or net pr(it %>e e/abli%$ "u a lease4 4 #i4 ,ext5sion ( public comm5t p]iods & susp5sion ( rulemak+ 7a7 ,ext5sion ( public comm5t p]iods ,not)/&+ any o!r provision ( law1 ! heads ( ,f$]al ag5cies %all keep op5 any public comm5t p]iod t 0 op5 z ( ,m>* #ac1 #bjbj1 dur+ ! p]iod beg9n+ on ! date ( enactm5t ( ?is ,act & end+ on a date1 z designat$ by ! head ( ! applicable ,f$]al ag5cy1 t is n e>li] ?an #cj days aft] ! date on :i* ! ,national ,em]g5cy decl>$ by ! ,presid5t "u ! ,national ,em]g5cies ,act 7#ej ,u4,s4,c4 #afja et seq47 ) respect to ! ,coronavirus ,disease #bjai 7,,covid-#ai7 is t]m9at$4 7b7 ,susp5sion ( rulemak+ ,not)/&+ any o!r provision ( law1 unless ! head ( a ,f$]al ag5cy det]m9es t a rulemak+ is specifically requir$ to respond to1 or recov] f1 ! ,coronavirus ,disease #bjai 7,,covid-#ai7 p&emic1 ! head ( a ,f$]al ag5cy %all n initiate any new adm9i/rative rulemak+ dur+ ! p]iod beg9n+ on ! date ( enactm5t ( ?is ,act & end+ on a date1 z designat$ by ! head ( ! applicable ,f$]al ag5cy1 t is n e>li] ?an ! date #cj days aft] ! date on :i* ! ,national ,em]g5cy decl>$ by ! ,presid5t "u ! ,national ,em]g5cies ,act 7#ej ,u4,s4,c4 #afja et seq47 ) respect to ! ,coronavirus ,disease #bjai 7,,covid-#ai7 is t]m9at$4