Richard Pombo: “I am filing in the House a copy of the private sector mandate analysis for H.R. 4761, the Deep Ocean Energy Resources…”

“I am filing in the House a copy of the private sector mandate analysis for H.R. 4761, the Deep Ocean Energy Resources Act of 2006. This analysis was not included in the cost estimate prepared for the Committee on Resources' report on the bill. U.S. Congress, Congressional Budget Office, Washington, DC, June 28, 2006. Hon. Richard W. Pombo, Chairman, Committee on Resources, House of Representatives, Washington, DC. Dear Mr. Chairman: The Congressional Budget Office has prepared the enclosed estimate of the impacts of private- sector mandates in H.R. 4761, the Deep Ocean Energy Resources Act of 2006. CBO's analysis of the federal costs and intergovernmental impact of H.R. 4761 was transmitted on June 26, 2006. If you wish further details on this estimate, we will be pleased to provide them. The CBO staff contact is Tyler Kruzich. Sincerely, Donald B. Marron, Acting Director. H.R. 4761--Deep Ocean Energy Resources Act of 2006 Summary: H.R. 4761 would make several changes to programs related to the development of federally-owned resources, particularly oil and natural gas production on the Outer Continental Shelf (OCS). The bill would impose new ``conservation of resources'' fees on oil and natural gas production on certain deep-water acreage, as well as on all deep-water acreage that is not in production. At the same time, the bill would make additional areas of the OCS available for lease for oil and natural gas production.…”