,,ii  #aag? ,,congress  #a/ ,session    
,s4 #ccec  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,decemb] #i1 #bjba,mrs4
 ,hyde-,smi? introduc$ ! foll[+ bill2   
:i* 0 read twice & ref]r$ to !          
,committee on ,agriculture1 ,nutrition1 
& ,=e/ry  ,a ,,bill  ,to provide        
solutions to ! ,unit$ ,/ates en]gy      
crisis1 & = o!r purposes4  #a4 ,%ort    
title ,?is ,act may be cit$ z ! ,dome/ic
 ,en]gy ,crisis ,relief ,act4  #b4 ,s5se
 ( ! ,s5ate relat+ to l[]+ en]gy prices 
= ,am]ican families ,x is ! s5se ( !    
,s5ate t ! ,f$]al ,gov]nm5t %\ld        
implem5t policies to l[] en]gy prices = 
,am]ican families & to ensure !         
resili5cy & en]gy indep5d5ce ( ! ,unit$ 
,/ates by revis+ ! regulatory ag5da &   
legislative priorities ( ! ,bid5        
,adm9i/ration t relate to dome/ic oil & 
gas developm5t1 su* z by-- 7#a7 support+
 ! developm5t ( additional oil & gas    
pipel9es to ! ,unit$ ,/ates1 su* z !    
,key/one ,,xl ,pipel9e2  7#b7 foll[+    
,f$]al law & ! int5t ( ,congress by     

impos+ sanctions on ,nord ,/ream #b ,,ag
 & all individuals & entities involv$ 9 
! plann+1 con/ruction1 or op]ation ( !  
,nord ,/ream #b ,pipel9e2  7#c7 )draw+ f
 ! ,p>is ,climate ,agreem5t2  7#d7      
comply+ ) ! ,out] ,cont95tal ,%elf ,l&s 
,act 7#dc ,u4,s4,c4 #acca et seq472 &   
7#e7 revis+ section #bjh ( ,executive   
,ord] #adjjh 7#hf ,f$4 ,reg4 #gfbd      
7,febru>y #a1 #bjba72 relat+ to tackl+ !
 climate crisis at home & abroad7 to    
all[ oil & gas leases 9 ! ,gulf (       
,mexico & o!r (f%ore & on%ore ,f$]al    
areas4  #c4 ,oil & gas leas+  7a7 ,9    
g5]al ,! ,secret>y ( ! ,int]ior %all    
imm$iately resume oil & gas lease sales 
on ,f$]al l& 9 compliance ) ! ,m9]al    
,leas+ ,act 7#cj ,u4,s4,c4 #aha et      
seq474  7b7 ,prohibition ,! ,presid5t   
%all n1 ?r\gh ,executive ord] or any o!r
 adm9i/rative proc$ure1 pause1 cancel1  
delay1 def]1 or o!rwise imp$e or        
circumv5t ! ,f$]al en]gy m9]al leas+    
processes "u ! ,m9]al ,leas+ ,act 7#cj  
,u4,s4,c4 #aha et seq47 or ! ,out]      

,cont95tal ,%elf ,l&s ,act 7#dc         
,u4,s4,c4 #acca et seq47 or a relat$    
rulemak+ process requir$ by sub*apt]    
,,ii ( *apt] #e1 & *apt] #g1 ( title #e1
 ,unit$ ,/ates ,code 7commonly kn[n z ! 
,adm9i/rative ,proc$ure ,act71 )\t      
,congressional approval4  #d4           
,au?orization ( ,key/one pipel9e  7a7 ,9
 g5]al ,trans,canada ,key/one ,pipel9e1 
,l4,p4 may con/ruct1 connect1 op]ate1 & 
ma9ta9 pipel9e facilities at !          
int]national bord] ( ! ,unit$ ,/ates &  
,canada 9 ,phillips ,c\nty1 ,montana1 = 
! import ( oil f ,canada to ! ,unit$    
,/ates z describ$ 9 ! ,presid5tial      
,p]mit ( ,m>* #bi1 #bjai 7#hd ,f$4 ,reg4
 #acaja 7,april #c1 #bjai774  7b7 ,no   
,presid5tial p]mit requir$ ,no          
,presid5tial p]mit 7or simil> p]mit7 "u 
any ,executive ord] %all be requir$ = ! 
con/ruction1 connection1 op]ation1 or   
ma9t5ance ( ! pipel9e facilities        
describ$ 9 subsection 7a74  #e4 ,f$]al  
%>e ( c]ta9 oil & gas projects  7a7     
,def9ition ( cov]$ project ,9 ?is       

section1 ! t]m cov]$ project means a    
project to conduct oil & gas res\rce    
assessm5ts on ,f$]al l& ) significant   
oil & gas pot5tial4  7b7 ,f$]al %>e ,)  
respect to a cov]$ project c>ri$ out    
jo9tly by a ,/ate & ! ,secret>y ( !     
,int]ior1 ! ,f$]al %>e ( ! co/ ( ! cov]$
 project %all be n less ?an #ej p]c5t4  
#f4 ,use ( ,unit$ ,/ates work]s &       
equipm5t manufactur$ 9 ! ,unit$ ,/ates  
,:5 practicable1 ! ,secret>y ( !        
,int]ior %all enc\rage ! use ( ,unit$   
,/ates work]s & equipm5t manufactur$ 9 !
 ,unit$ ,/ates 9 all con/ruction        
activities c>ri$ out by ! ,secret>y     
relat+ to m9]al res\rce developm5t4  #g4
 ,report on int]national regulation (   
en]gy commodity futures & d]ivatives    
7a7 ,9 g5]al ,! ,commodity ,futures     
,trad+ ,commission %all conduct a /udy  
on ! int]national regime = regulat+     
trad+ 9 en]gy commodity futures &       
d]ivatives4  7b7 ,analysis ,! /udy      
conduct$ "u subsection 7a7 %all include 
an analysis (1 at a m9imum-- 7#a7 key   

common features & diff]5ces among       
c\ntries 9 ! regulation ( en]gy         
commodity trad+1 includ+ ) respect to   
m>ket ov]sight & en=cem5t2  7#b7        
agreem5ts & practices = %>+ m>ket &     
trad+ data2  7#c7 ! use ( position      
limits or ?re%olds to detect & prev5t   
price manipulation1 excessive           
speculation describ$ 9 section #d;a7a7 (
 ! ,commodity ,ex*ange ,act 7#g         
,u4,s4,c4 #f;a7a771 or o!r unfair trad+ 
practices2  7#d7 practices reg>d+ !     
id5tification ( comm]cial & noncomm]cial
 trad+ & ! ext5t ( m>ket speculation2 & 
7#e7 agreem5ts & practices = facilitat+ 
int]national coop]ation on m>ket        
ov]sight1 compliance1 & en=cem5t4  7c7  
,report ,n lat] ?an #abj days aft] !    
date ( enactm5t ( ?is ,act1 ! ,commodity
 ,futures ,trad+ ,commission %all submit
 to ! ,committee on ,agriculture1       
,nutrition1 & ,=e/ry ( ! ,s5ate & !     
,committee on ,agriculture ( ! ,h\se (  
,repres5tatives a report t-- 7#a7       
describes ! results ( ! /udy conduct$ "u

 t subsection2 &  7#b7 provides         
recomm5dations to improve op5ness1      
transp>5cy1 & o!r necess>y elem5ts ( a  
prop]ly function+ m>ket4  #h4 ,report+ &
 recordkeep+  7a7 ,9 g5]al ,section #d;g
 ( ! ,commodity ,ex*ange ,act 7#g       
,u4,s4,c4 #f;g7 is am5d$ by add+ at !   
end ! foll[+3  7g7 ,index trad]s & swap 
deal]s ,! ,commission %all-- 7#a7 n lat]
 ?an #ahj days aft] ! date ( enactm5t ( 
?is subsection1 issue a propos$ rule    
reg>d+ r\t9e report+ requirem5ts = index
 trad]s 7z def9$ by ! ,commission7 &    
swap deal]s 9 en]gy & agricultural      
transactions 7z def9$ by ! ,commission7 
)9 ! jurisdiction ( ! ,commission2  7#b7
 n lat] ?an #bgj days aft] ! date (     
enactm5t ( ?is subsection1 issue a f9al 
rule reg>d+ ! report+ requirem5ts       
describ$ 9 p>agraph 7#a72 &  7#c7       
subject to section #h1 disaggregate &   
make publicly available mon?ly in=mation
 on ! positions & value ( index funds & 
o!r passive1 long-only positions 9 !    
en]gy & agricultural futures m>kets 7z  

def9$ by ! ,commission74  4  7b7 ,report
 ,n lat] ?an #ij days aft] ! date (     
enactm5t ( ?is ,act1 ! ,commodity       
,futures ,trad+ ,commission %all submit 
to ! ,committee on ,agriculture ( !     
,h\se ( ,repres5tatives & ! ,committee  
on ,agriculture1 ,nutrition1 & ,=e/ry ( 
! ,s5ate a report describ+-- 7#a7 !     
scope ( commodity index trad+ 9 !       
futures m>kets2  7#b7 :e!r              
classification ( index trad]s & swap    
deal]s 9 ! futures m>kets c be improv$ =
 regulatory & report+ purposes2 &  7#c7 
:e!r1 bas$ on a review ( ! trad+        
practices = index trad]s 9 ! futures    
m>kets-- 7,a7 index trad+ activity is   
adv]sely impact+ ! price discov]y       
process 9 ! futures m>kets2 &  7,b7     
diff]5t practices & controls %\ld be    
requir$4  #i4 ,hir+ ( employees =       
improv$ ov]sight & en=cem5t ,z soon z   
practicable aft] ! date ( enactm5t ( ?is
 ,act1 ! ,commodity ,futures ,trad+     
,commission %all hire n few] ?an #ej    
additional full-"t employees-- 7#a7 to  

increase ! public transp>5cy ( op]ations
 9 en]gy futures m>kets2  7#b7 to       
improve en=cem5t 9 ^? m>kets2 &  7#c7 to
 c>ry out su* o!r duties z ! ,commission
 det]m9es to be appropriate4  #aj4 ,gulf
 ( ,mexico out] ,cont95tal ,%elf rev5ues
  7a7 ,def9ition ( qualifi$ out]        
,cont95tal ,%elf rev5ues ,section       
#ajb7i77;,a7 ( ! ,gulf ( ,mexico ,en]gy 
,security ,act ( #bjjf 7#dc ,u4,s4,c4   
#acca note2 ,public ,law #aji-dcb7 is   
am5d$-- 7#a7 9 clause 7i77,,ii71 by     
/rik+ & aft] ! semicolon2  7#b7 9 clause
 7ii7-- 7,a7 9 ! matt] prec$+ subclause 
7,i71 by /rik+ fiscal ye> #bjag & ea*   
fiscal ye> !reaft] & ins]t+ ea* ( fiscal
 ye>s #bjag ?r\gh #bjba2 &  7,b7 9      
subclause 7,,iii71 by /rik+ ! p]iod &   
ins]t+ 2 &2 &  7#c7 by add+ at ! end !  
foll[+3  7iii7 9 ! case ( fiscal ye>    
#bjbb & ea* fiscal ye> !reaft]1 all     
r5tals1 royalties1 bonus bids1 & o!r    
sums due & payable to ! ,unit$ ,/ates   
receiv$ on or aft] ,octob] #a1 #bjba1 f 
leases ent]$ into on or aft] ,octob] #a1

 #bjjj1 =-- 7,i7 ! #aha ,area2  7,,ii7 !
 #aha ,s\? ,area2 &  7,,iii7 !          
#bjjb-bjjg plann+ area4  4  7b7         
,disposition ( qualifi$ out] ,cont95tal 
,%elf rev5ues  7#a7 ,9 g5]al ,section   
#aje7;a7 ( ! ,gulf ( ,mexico ,en]gy     
,security ,act ( #bjjf 7#dc ,u4,s4,c4   
#acca note2 ,public ,law #aji-dcb7 is   
am5d$-- 7,a7 9 p>agraph 7#a71 by /rik+  
#ej & ins]t+ #cg4e2 &  7,b7 9 p>agraph  
7#b7-- 7i7 9 ! matt] prec$+ subp>agraph 
7,a71 by /rik+ #ej & ins]t+ #fb4e2  7ii7
 9 subp>agraph 7,a71 by /rik+ #ge &     
ins]t+ #hj2 &  7iii7 9 subp>agraph 7,b71
 by /rik+ #be & ins]t+ #bj4  7#b7       
,limitations on am\nt ( di/ribut$       
qualifi$ out] ,cont95tal ,%elf rev5ues  
,section #aje7;f7 ( ! ,gulf ( ,mexico   
,en]gy ,security ,act ( #bjjf 7#dc      
,u4,s4,c4 #acca note2 ,public ,law      
#aji-dcb7 is am5d$-- 7,a7 9 p>agraph    
7#a7-- 7i7 9 subp>agraph 7,a71 by add+ &
 aft] ! semicolon2  7ii7 9 subp>agraph  
7,b71 by /rik+ 2 & & ins]t+ a p]iod2 &  
7iii7 by /rik+ subp>agraph 7,c72 &  7,b7

 9 p>agraph 7#b71 by /rik+ #bjee &      
ins]t+ #bjba4  7c7 ,exemption ( c]ta9   
paym5ts f seque/ration  7#a7 ,9 g5]al   
,section #bee7;g77#a77;,a7 ( ! ,balanc$ 
,budget & ,em]g5cy ,deficit ,control    
,act ( #aihe 7#b ,u4,s4,c4              
#ije7;g77#a77;,a77 is am5d$ by ins]t+   
aft] ,paym5ts to ,social ,security ,tru/
 ,funds 7#bh-jdjd-j-a-fea74 ! foll[+3   
,paym5ts to ,/ates pursuant to section  
#aje7;a77#b77;,a7 ( ! ,gulf ( ,mexico   
,en]gy ,security ,act ( #bjjf 7,public  
,law #aji-dcb2 #dc ,u4,s4,c4 #acca note7
 7#jad-eece-j-b-cjb74 4  7#b7           
,applicability ,! am5dm5t made by ?is   
subsection %all apply to any            
seque/ration ord] issu$ "u ! ,balanc$   
,budget & ,em]g5cy ,deficit ,control    
,act ( #aihe 7#b ,u4,s4,c4 #ijj et seq47
 on or aft] ! date ( enactm5t ( ?is     
,act4