1. Short title
This Act may be cited as the “Offshore Cap Parity Act”.
Offshore Cap Parity Act
A BILL
To amend the Gulf of Mexico Energy Security Act of 2006 to eliminate the cap on qualified outer Continental Shelf revenues that may be received by Gulf producing States under that Act, and for other purposes.
2. Elimination of limitations on amount of distributed qualified outer Continental Shelf revenues
Section 105 of the Gulf of Mexico Energy Security Act of 2006 (43 U.S.C. 1331 note; Public Law 109–432) is amended by striking subsection (f).