S. 3906 — Introduced in Senate

II 116th CONGRESS 2d Session S. 3906 IN THE SENATE OF THE UNITED STATES June 8, 2020Mr. Kennedy introduced the following bill; which was read twice and referred to the Committee on Energy and Natural Resources A BILL To amend the Gulf of Mexico Energy Security Act of 2006 to eliminate the cap on qualified outer Continental Shelf revenues that may be received by Gulf producing States under that Act, and for other purposes. 1. Short title This Act may be cited as the Offshore Cap Parity Act. 2. Elimination of limitations on amount of distributed qualified outer Continental Shelf revenues Section 105 of the Gulf of Mexico Energy Security Act of 2006 (43 U.S.C. 1331 note; Public Law 109–432) is amended by striking subsection (f).