Well, I respect the relationship that I have with my friend and colleague from New Jersey. I appreciate the fact that Mr. Holt is the ranking member of the Subcommittee on Energy and Mineral Resources. I appreciate the fact that he came to Denver recently for a field hearing that the subcommittee had on hydraulic fracking. So I do appreciate the work he does on the subcommittee, but I have to disagree with him on this amendment. And I would urge opposition to this amendment. It's identical to one that failed on this House floor by a bipartisan vote earlier this year in February. And I have to remind my friend and colleague that this issue has been repeatedly settled in the Nation's courts of law with the courts determining that rewriting the terms of these leases to include price thresholds, which the Clinton administration apparently forgot to include in the leases, would be a direct violation of contract law. Specifically, the U.S. Supreme Court found that the Department of the Interior did not have the authority to rewrite these contracts that were issued during the Clinton administration under the 1995 law. And I will also remind the gentleman that the Department of the Interior has lost this issue in the district court, appellate court, and the Supreme Court. {time} 0920 If this amendment passed, the issue would most certainly be challenged once again in court, where the Department would use taxpayer dollars to lose again. Ultimately, this amendment seeks to force U.S.…
On the recordJune 21, 2012
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