Murkowski Releases Chairman's Mark to Meet FY2018 Budget Instruction

Press Release

U.S. Sen. Lisa Murkowski, R-Alaska, today released reconciliation legislation pursuant to the Senate Energy and Natural Resources Committee's instruction to raise $1 billion in federal revenues in H. Con. Res. 71, the Concurrent Resolution on the Budget for Fiscal Year 2018.

"Our instruction is a tremendous opportunity both for our committee and our country," Murkowski said. "The legislation I released tonight will put Alaska and the entire nation on a path toward greater prosperity by creating jobs, keeping energy affordable for families and businesses, generating new wealth, and strengthening our security--while reducing the federal deficit not just by $1 billion over ten years, but tens or even hundreds of billions of dollars over the decades to come."

The reconciliation legislation would authorize limited and responsible energy development in a small part of the non-wilderness portion of the Arctic National Wildlife Refuge in Alaska, known as the "1002 Area" or Coastal Plain.

The Congressional Budget Office estimates the legislation will raise $1.092 billion over the 10-year budget window. Between royalties and federal income taxes, it will raise substantially greater revenues once production from the 1002 Area begins.

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