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Cost Estimate
September 1, 2016
H.R. 5577 would authorize the Bureau of Ocean Energy Management (BOEM) to use Internet-based bidding methods for auctions of federal oil and gas leases in the Outer Continental Shelf (OCS). Such Internet-based auctions would have to provide bidders the option of submitting bids electronically and make the agency’s reading of the sealed bids available in digital formats, such as live Internet streaming. Under this bill, BOEM would be required to conduct at least one Internet-based auction in the Gulf of Mexico within 18 months after enactment.
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Cost Estimate
October 28, 2015
H.R. 2510 would amend the Internal Revenue Code to permanently provide an additional first-year depreciation deduction of 50 percent of the adjusted basis of qualified property, effective January 1, 2015. Under current law that additional deduction expired for most property placed in service after December 31, 2014. The bill would also expand the definition of qualified property and make other modifications to that deduction.
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Cost Estimate
October 6, 2015
S. 2011 would amend existing laws related to oil and gas leasing on the Outer Continental Shelf (OCS) and would remove restrictions on exporting crude oil produced in the United States. The legislation would modify the terms and conditions governing certain leasing activities and authorize new direct spending of proceeds from federal oil and gas leasing for certain programs and for payments to certain coastal states. In addition, the bill would authorize appropriations for grants to Indian tribes for capital projects and other activities aimed at adapting to climate change.
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Cost Estimate
September 29, 2015
H.R. 702 would repeal certain restrictions on the export of domestically produced crude oil and would prohibit any federal official from imposing or enforcing any such restrictions. It also would direct the Secretary of Energy to conduct a study on the purpose, size, and types of oil in the Strategic Petroleum Reserve (SPR).
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Cost Estimate
September 22, 2015
Tables for the Continuing Appropriations Resolution, 2016
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Cost Estimate
April 30, 2015
The Bipartisan Congressional Trade Priorities and Accountability Act of 2015 would restore the President’s authority to enter into multilateral and bilateral trade agreements. The authority would be extended through July 1, 2018, with the possibility to extend for another three years at the President’s request. Pay-as-you-go procedures apply because enacting the legislation could affect revenues. Enacting the bill would not affect direct spending.
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Cost Estimate
April 29, 2015
H.R. 1890 would restore the President’s authority to enter into multilateral and bilateral trade agreements. The authority would be extended through July 1, 2018, with the possibility to extend for another three years at the President’s request. Pay-as-you-go procedures apply because enacting the legislation could affect revenues. Enacting the bill would not affect direct spending.
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Cost Estimate
March 30, 2015
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on March 4, 2015
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Cost Estimate
March 4, 2015
As ordered reported by the House Committee on Oversight and Government Reform on January 27, 2015