Home > legislation > Page
Outer Continental Shelf Transboundary Hydrocarbon Agreements Authorization Act (H.R. 1613)
Status: Passed the House on June 27, 2013 with a bipartisan vote of 256-171. Awaits consideration by the Senate.
  • The Outer Continental Shelf Transboundary Hydrocarbon Agreements Authorization Act (H.R. 1613), sponsored by Representatives Jeff Duncan (SC-03), Doc Hastings (WA-04), and Matt Salmon (AZ-05), would enact the terms of an agreement signed by the Obama Administration and Mexico to govern how to explore, develop, and share revenue from oil and natural gas resources along the maritime border in the Gulf of Mexico.
  • The bill would expand U.S. energy production, create new American jobs, and grow our economy by opening new areas to oil and natural gas production in the Gulf of Mexico.

    • According to the Bureau of Ocean Energy Management and the U.S. State Department, these areas are estimated to contain 172 million barrels of oil and 304 billion cubic feet of natural gas.

  • It would give American job-creators and workers the certainty to move forward with exploration and development along the maritime border.

    • These areas are ready to be explored and developed; activity will begin there as soon as the agreement is enacted. Enacting H.R. 1613 would put Americans to work and generate tens of millions of dollars in new revenue.

    • Currently, there are 67 active lease blocks held by nine companies on the U.S. portion of this area. This means roughly 20 percent of the available acreage in this area is under lease and awaiting certainty in order to move forward with exploration and development.

  • The bill would protect U.S. jobs and provide greater regulatory certainty to U.S. companies.

    • The agreement signed by the Obama Administration and Mexico specifically provides what royalty payments Mexico would receive from energy developers. However, under current U.S. law (section 1504 of the Dodd-Frank Wall Street Reform and Consumer Protection Act) companies that commercially develop oil, natural gas or minerals are required to disclose payments made to a foreign government. This could create a potential conflict because Mexico has yet to decide how they will collect royalties and could potentially set regulatory measures that prohibit disclosure of payments.

    • The bill includes a provision that would waive the Dodd-Frank requirement in order to help protect American jobs and American-made energy. Without it, foreign-controlled energy companies could develop this American energy resource and the royalty payments to Mexico would still be undisclosed and kept private.

  • The bill would also put into place an important and transparent framework for future implementation of similar transboundary hydrocarbon agreements with other nations.

Bill Information:

Committee Activity:

Related Videos:

Chairman Hastings' House Floor Speech in Support of H.R. 1613 (6/27/2013)

Republican Leadership Press Conference (6/26/2013)

Related News:

Organizations in Support:

  • 60 Plus Association
  • American Farm Bureau Federation
  • American Highway Users Alliance
  • American Petroleum Institute
  • Americans for Tax Reform
  • Consumer Energy Alliance
  • Energy Producing States Coalition
  • FreedomWorks
  • Independent Petroleum Association of America
  • Mobile Area Chamber of Commerce
  • National Ocean Industries Association
  • National Tax Limitation Committee
  • New Orleans Chamber of Commerce
  • OffshoreAlabama.com
  • Petroleum Equipment Suppliers Association
  • U.S. Chamber of Commerce
  • U.S. Oil and Gas Association

    Give us Your Feedback on H.R. 1613:

    Latest News

    Bishop: President Ignores Legislative Process in Another Round of Unilateral Monument Designations

    Today, President Obama unilaterally designated three new national monuments in the California desert: Sand to Snow National Monument, Mojave Trails National Monument, and Castle Mountains National Mon...... Read more

    Investigative Report on EPA’s Gold King Mine Blowout Released by House Committee on Natural Resources Majority Staff

    Today, the House Committee on Natural Resources released a Majority staff report detailing information uncovered during the Committee’s ongoing investigation of the EPA’s Gold King Mine blowout near S...... Read more

    Bishop: President Obama’s Unilateral Anti-Energy Agenda Will Ultimately be Gutted by the Courts

    Yesterday, the Supreme Court stayed the Obama Administration’s Clean Power Plan in a 5-4 decision. Chairman Bishop (R-UT) issued the following statement: “Much of the President’s unilateral agenda, in...... Read more

    View All News

    Calendar

    The 2016 California Water Supply Outlook During the El Niño and Three Years of Restricted Water Deliveries
    Subcommittee on Water, Power and Oceans | 1324 Longworth House Office Building, Washington, D.C. 20515
    The President’s Imposition of New Environmental Mitigation Regulations
    Subcommittee on Oversight and Investigations | 1334 Longworth House Office Building, Washington, D.C. 20515
    The U.S. Department of Treasury's Analysis of the Situation in Puerto Rico
    Full Committee | 1324 Longworth House Office Building, Washington, D.C. 20515
    View All Events