Senate Bill 2777
115th Congress(2017-2018)
A bill to exempt State and county payments under the Gulf of Mexico Energy Security Act of 2006 from sequestration.
Introduced
Introduced in Senate on Apr 26, 2018
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
2777
Congress
115
Policy Area
Economics and Public Finance
Economics and Public Finance
Primary focus of measure is budgetary matters such as appropriations, public debt, the budget process, government lending, government accounts and trust funds; monetary policy and inflation; economic development, performance, and economic theory.
No Senate votes have been held for this bill.
Summary
This bill amends the Balanced Budget and Emergency Deficit Control Act of 1985 to exempt from sequestration payments to states under provisions of the Gulf of Mexico Energy Security Act of 2006 that require certain revenues from oil and gas leases in the Gulf of Mexico to be disbursed to Gulf producing states (Alabama, Louisiana, Mississippi, and Texas) and coastal political subdivisions of the states.
(Sequestration is a process of automatic, usually across-the-board spending reductions under which budgetary resources are permanently cancelled to enforce specific budget policy goals.)
April 26, 2018
04/26/2018
Read twice and referred to the Committee on the Budget.
04/26/2018
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:39:38 PM