Political Quotes

“Mr. Chairman, I yield such time as she may consume to the gentlewoman from Minnesota (Ms. McCollum). Ms. McCOLLUM. Mr. Chairman, I rise in support of this amendment. Can you imagine a 30-year-old oil and gas production rule and not being able to update it? This amendment allows a 30-year-old rule to comply with today's technology to make sure that we are doing what is best practices in the industry and we can work with the industry to do proper oversight. As was pointed out, if this provision stays in place, States, tribes, and Federal taxpayers would lose royalty revenues. We should be doing everything we can with our public lands to make sure the taxpayer receives full value whenever there is a lease. I support this amendment, and I urge for its adoption. Just once again, imagine not being able to update 30-year-old rules and not being able to update current royalty rates. We need to do better by the American taxpayer; we need to strike this provision; we need to do the updates; we need to update 30-year-old regulations; and we need to make sure that the American taxpayer gets a fair return on its royalties.”