HR 3882 · 112th Congress · Energy
Mid-Atlantic Energy and Jobs Act of 2012
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the Subcommittee on Energy and Mineral Resources.(2012-02-17)
Plain Language Summary
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Mid-Atlantic Energy and Jobs Act of 2012 - Directs the Secretary of the Interior (Secretary) to include: (1) Lease Sale 220 off the coast of Virginia in the proposed Outer Continental Shelf (OCS) oil and gas leasing program for the 2012-2017 period, and (2) the OCS off the coast of Virginia in the leasing program for each 5-year period after the 2012-2017 period. Directs the Secretary to implement within one year after enactment of this Act: (1) Lease Sale 220; and (2) lease sales for any other OCS areas in the Mid-Atlantic planning area as a result of the map revision specified in this Act. Prohibits oil or natural gas exploration, development, or production off the coast of Virginia that would conflict with any military operation. Prescribes revenue sharing procedures that require the Secretary of the Treasury to deposit 50% of qualified revenues in: (1) the general fund of the Treasury, and (2) 50% of qualified revenues in a special Treasury account. Requires disbursement of: (1) 75% of such qualified revenues to the Mid-Atlantic state from the administrative planning area that generated the qualified revenues; and (2) 25% at the discretion of the governor of such state for envi…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (4)
4 Republicans