House passes OCS reform bill; OMB joins protests

The US House of Representatives passed legislation June 29 that would lift federally imposed moratoriums on Outer Continental Shelf oil and gas drilling. But passage, by a 232-187 vote, came amid opposition not only from several coastal state members but also from the White House Office of Management and Budget.Before the final vote, opponents used OMB’s statement of administration policy, released earlier in the day, to support their charges that provisions to share federal OCS revenues with coastal states make HR 4761 fiscally irresponsible.OMB said the provisions would not provide production incentives but simply reduce federal revenue by billions of dollars. It also said the bil...

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