,i #aai? ,,congress #b;d ,session ,h4 ,r4 #ajcah ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,septemb] #h1 #bjbf,ms4 ,k+-,h9ds introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,natural ,res\rces ,a ,,bill ,to am5d ! ,out] ,cont95tal ,%elf ,l&s ,act to enhance ! economic security ( ,pacific t]ritories adjac5t to seab$ m9+ ?r\gh rev5ue %>+1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,pacific ,m9]als ,economic ,security ,act or ,,pacmesa4 #b4 ,am5dm5t to ,,ocsla 7a7 ,requirem5ts = c]ta9 leases issu$ "u ,out] ,cont95tal ,%elf ,l&s ,act ,section #h7k7 ( ! ,out] ,cont95tal ,%elf ,l&s ,act 7#dc ,u4,s4,c4 #accg7k77 is am5d$-- 7#a7 by r$esignat+ p>agraph 7#b7 z p>agraph 7#f72 7#b7 by ins]t+ aft] p>agraph 7#a7 ! foll[+3 7#b7 ,no royalty relief ,! ,secret>y may n r$uce1 susp5d1 waive1 elim9ate1 or o!rwise exempt f paym5t any ca% bonus1 r5tal1 royalty1 or o!r am\nt due = a lease issu$ "u p>agraph 7#a7 = a cov]$ area ( ! out] ,cont95tal ,%elf4 7#c7 ,security 7,a7 ,initial surety bond ,! ,secret>y may n issue a lease "u p>agraph 7#a7 = a cov]$ area ( ! out] ,cont95tal ,%elf unless & until ! prospective lessee provides to ! ,secret>y a surety bond 7or o!r =m ( security or f9ancial assurance1 z ! ,secret>y det]m9es appropriate7 ( n less ?an #ajj1jjj to cov] ! lessee's obligations "u ! lease4 7,b7 ,supplem5tal surety bond ,! ,secret>y may n approve a plan au?oriz+ production activities pursuant to a lease issu$ "u p>agraph 7#a7 = a cov]$ area ( ! out] ,cont95tal ,%elf unless & until ! lessee provides to ! ,secret>y a supplem5tal surety bond 7or o!r =m ( security or f9ancial assurance1 z ! ,secret>y det]m9es appropriate7 ( an am\nt det]m9$ by ! ,secret>y bas$ on-- 7i7 ! f9ancial heal? ( ! lessee2 7ii7 ! f9ancial ability ( ! lessee to cov] obligations ( ! lease2 7iii7 ! e/imat$ co/ ( decommission+2 & 7iv7 ! e/imat$ co/ ( environm5tal re/oration ( area subject to ! lease4 7,c7 ,adju/m5t ( supplem5tal surety bond 7i7 ,9 g5]al ,if ! cumulative pot5tial obligations & liabilities ( a lease "u p>agraph 7#a7 = a cov]$ area ei!r increase or decrease1 ! ,secret>y may adju/ ! am\nt ( supplem5tal f9ancial assurance requir$4 7ii7 ,responsibility ,an adju/m5t "u clause 7i7 may be made-- 7,i7 indep5d5tly by ! ,secret>y2 or 7,,ii7 at ! discretion ( ! ,secret>y at ! reque/ ( ! lessee4 7#d7 ,/udy 7,a7 ,9 g5]al ,n lat] ?an "o ye> aft] ! date ( ! enactm5t ( ! ,pacific ,m9]als ,economic ,security ,act1 ! ,secret>y %all conduct a /udy on pot5tial environm5tal impact mitigation me?ods = ! diff]5t k9ds ( seab$ m9+ be+ consid]$ 9 ! wat]s adjac5t to cov]$ t]ritories4 7,b7 ,cont5ts ,! /udy requir$ "u subp>agraph 7,a7 %all include-- 7i7 :i* pot5tial activities c\ld be employ$ to mitigate ! environm5tal impacts ( seab$ m9+2 & 7ii7 ! pot5tial co/s ( ea* diff]5t k9d ( mitigation activity consid]$4 7,c7 ,consultation ,9 conduct+ ! /udy "u subp>agraph 7,a71 ! ,secret>y %all make reasonable ef=ts to consult ) ,nor!rn ,m>ianas ,college1 ! ,univ]sity ( ,guam1 & ,am]ican ,samoa ,community ,college4 7,d7 ,submission ,! complet$ /udy "u subp>agraph 7,a7 %all be submitt$ to ! ,committee on ,natural ,res\rces ( ! ,h\se ( ,repres5tatives & ! ,committee on ,en]gy & ,natural ,res\rces ( ! ,s5ate4 7#e7 ,rev5ue %>+ = c]ta9 leases 7,a7 ,9 g5]al ,not)/&+ section #i & subsection 7m7 ( ?is section1 beg9n+ 9 fiscal ye> #bjbg & = ea* fiscal ye> !reaft]1 ! ,secret>y %all deposit-- 7i7 #ej p]c5t ( all cov]$ leas+ rev5ues 9 ! g5]al fund ( ! ,treasury2 & 7ii7 #ej p]c5t ( all cov]$ leas+ rev5ues 9 a special acc\nt 9 ! ,treasury f :i* ! ,secret>y %all disburse su* cov]$ leas+ rev5ues to ! cov]$ t]ritories a po9t on ! coa/l9e ( :i* is locat$ )9 #bjj nautical miles ( ! geographic c5t] ( ! applicable leas$ tract1 to be allocat$ 9 am\nts 7bas$ on a =mula e/abli%$ by ! ,secret>y by regulation7 t are inv]sely proportional to ! respective di/ances betwe5 ! po9t on ! coa/l9e ( ea* su* cov]$ t]ritory t is close/ to ! geographic c5t] ( ! applicable leas$ tract & ! geographic c5t] ( ! applicable leas$ tract4 7,b7 ,m9imum allocation ,= ea* applicable leas$ tract1 ! am\nt allocat$ "u subp>agraph 7,a77ii7 to ea* cov]$ t]ritory satisfy+ ! di/ance requirem5t "u t subp>agraph ) respect to t tract %all be at lea/ #aj p]c5t ( ! cov]$ leas+ rev5ues attributable to su* tract t are available = allocation to cov]$ t]ritories "u t subp>agraph4 7,c7 ,use ( am\nts ,ea* cov]$ t]ritory %all use all am\nts receiv$ pursuant to subp>agraph 7,a77ii7 only =-- 7i7 coa/al re/oration activities2 7ii7 ! developm5t & ma9t5ance ( infra/ructure1 includ+ en]gy infra/ructure2 7iii7 environm5tal mitigation activities2 or 7iv7 fiscal /abilization or debt r$uction4 7,d7 ,adm9i/ration ,am\nts made available pursuant to subp>agraph 7,a77ii7 %all-- 7i7 be made available1 )\t fur!r appropriation1 9 accordance ) ?is p>agraph2 7ii7 rema9 available until exp5d$2 & 7iii7 be 9 addition to any am\nts o!rwise appropriat$ "u any o!r provision ( law4 2 & 7#c7 by add+ at ! end ! foll[+3 7#g7 ,def9itions ,9 ?is subsection3 7,a7 ,cov]$ area ( ! out] ,cont95tal ,%elf ,! t]m cov]$ area ( ! ,out] ,cont95tal ,%elf means an area on ! ,out] ,cont95tal ,%elf t is adjac5t to a cov]$ t]ritory4 7,b7 ,cov]$ leas+ rev5ues ,! t]m cov]$ leas+ rev5ues-- 7i7 means all ca% bonuses1 r5tals1 royalties1 & o!r am\nts paid to ! ,secret>y = or "u a lease issu$ "u p>agraph 7#a7 = a cov]$ area ( ! out] ,cont95tal ,%elf2 & 7ii7 does n include any ca% bonus1 r5tal1 royalty1 or o!r am\nt g5]at$ f su* a lease subject to section #h7;g74 7,c7 ,cov]$ t]ritory ,! t]m cov]$ t]ritory means-- 7i7 ,guam2 7ii7 ,am]ican ,samoa2 & 7iii7 ! ,commonweal? ( ! ,nor!rn ,m>iana ,isl&s4 4 7b7 ,notice 7#a7 ,9 g5]al ,) respect to any prospect+1 te/+1 del9eation1 production plan1 or p]mit application submitt$ pursuant to ?is ,act or an am5dm5t made by ?is ,act t w\ld require a consi/5cy review "u ! ,coa/al ,zone ,managem5t ,act1 ! ,secret>y ( ! ,int]ior %all1 imm$iately ^u submission ( su* plan1 provide to ! ,gov]nor ( ea* adjac5t cov]$ t]ritory notice ( ! plan4 7#b7 ,environm5tal review ,9 ! case ( a plan describ$ 9 p>agraph 7#a7 requir+ an environm5tal assessm5t1 ! ,secret>y ( ! ,int]ior %all invite ! ,gov]nor ( ea* adjac5t cov]$ t]ritory to review & provide comm5ts reg>d+ ! propos$ activities & include a specifi$ p]iod ( "t = ! applicable ,gov]nor to provide su* comm5ts4 7#c7 ,adjac5t cov]$ t]ritory def9$ ,9 ?is subsection1 ! t]m adjac5t cov]$ t]ritory means a cov]$ t]ritory 7z def9$ 9 section #h7k7 ( ! ,out] ,cont95tal ,%elf ,l&s ,act1 z am5d$ by ?is ,act7 t is adjac5t to an area ( ! ,out] ,cont95tal ,%elf to :i* a plan describ$ 9 p>agraph 7#a7 applies4