PlainBillCongress, translated.Legislation. Context. Public interest.Read twice and referred to the Committee on Energy and Natural Resources.
Congressional Research Service
Version 00 · Introduced in Senate · Jul 7, 2016
Oil and Gas Payments Taxpayer Protection and Deficit Reduction Act
This bill amends the Gulf of Mexico Energy Security Act of 2006 to direct the Department of the Treasury to deposit: (1) 50% of qualified Outer Continental Shelf (OCS) revenues into the general fund of the Treasury, and (2) 50% of qualified OCS revenues into a special account. Furthermore, 75% of available revenues in the special account must be used to reduce the federal budget deficit and 25% must be deposited into the Land and Water Conservation Fund.
People & committees
Sen. Markey, Edward J. [D-MA] · D–MA
Legislative record
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Read twice and referred to the Committee on Energy and Natural Resources.
Introduced in Senate
Primary sources
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Source last updated: Sep 8, 2026. Consult Congress.gov for the current record.
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