On the recordJanuary 26, 2023
Mr. Chair, I rise to offer amendment No. 45. The Acting CHAIR. The Clerk will designate the amendment. The text of the amendment is as follows: Page 2, line 24, strike ``limitation'' and insert ``limitations''. Page 3, strike lines 1 through 5 and insert the following: ``(2) Limitations.-- ``(A) Total increase.--The plan required by paragraph (1) shall not provide for a total increase in the percentage of Federal lands described in paragraph (1) leased for oil and gas production in excess of 10 percent. ``(B) Financial benefit or participation.--The plan required by paragraph (1) shall not provide for the financial benefit or participation of any entity which is allowed any allowance for depletion which is determined under section 613 of the Internal Revenue Code of 1986. The Acting CHAIR. The gentlewoman from California is recognized for 5 minutes.
