Cassidy Applauds House Passage of Revenue Sharing Amendment

Press Release

Congressman Bill Cassidy (R-LA) applauded the House passage of bipartisan legislation he co-sponsored to help America achieve energy independence.

Included in the Lowering Gasoline Prices to Fuel an America That Works Act of 2014 is the Cassidy Revenue Sharing Amendment. This will lift the revenue sharing cap placed on Louisiana and other Gulf Coast states by the Gulf of Mexico Energy Security Act of 2006 (GOMESA) from $500 million to $1 billion.

Dr. Cassidy released the following statement:

"Louisiana is a leading oil and natural gas producer. There are common sense solutions that would allow us to take advantage of our natural resources and expand our energy, manufacturing and construction industries. These reforms, partnered with lifting the revenue sharing cap, will strengthen our coastal infrastructure, increase revenue, and expand jobs for working families."

This week, the House voted on legislation that would remove red tape surrounding the Keystone XL pipeline and help modernize America's energy infrastructure:

The North American Energy Infrastructure Act, H.R. 3301, will cut the red tape and speed the processing of cross-border energy infrastructure projects like the Keystone XL pipeline
The Domestic Prosperity and Global Freedom Act, H.R. 6, will fast track LNG export applications by placing a 30 day deadline on the Department of Energy to issue a final decision on applications to export LNG following the conclusion of applicable environmental reviews.
The Lowering Gasoline Prices to Fuel an America That Works Act of 2014, H.R. 4899, will increase offshore production by requiring the Obama Administration to move forward with new offshore energy production. The legislation also requires the Secretary of the Interior to conduct oil and natural gas lease sales that have been delayed or cancelled by the Obama Administration. In addition, the legislation increases onshore energy production by streamlining government red-tape and regulations for onshore oil and natural gas projects on federal lands to eliminate unnecessary delays.

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