Now, in section 101(c), the bill provides that an analogous formula shall be used where funds are distributed directly to political subdivisions smaller than a State. Consistent with our shared purpose to eliminate any unintended incentive to increase OCS activities, would the gentleman agree that the use of the term analogous in section 101(c) means that the payments under this subsection will include only those leased tracts which meet the criteria in subsection (b) on the date of enactment, and that there will be no recalculation of this formula at a later date?
Ed Markey: “Now, in section 101(c), the bill provides that an analogous formula shall be used where funds are distributed directly…”
Editor's note · Context
Discussing the distribution of funds to political subdivisions in relation to OCS activities.
Share
More from Ed Markey
The Fossil Free Finance Act would require our financial institutions, including banks, to protect Americans’ savings, investments, and our economy by addressing the threats posed by climate change. We need to put the planet over profit and…
Cutting E-Rate would narrow that talent pipeline. Maintaining connectivity in every school and library is therefore an investment in America’s technological leadership, economic competitiveness, and national security.
Building West-East rail is a once-in a-lifetime investment to connect Massachusetts’ communities and our regional economies like never before. It will mean lower costs, less congestion, and access to opportunity for families across the…
But cutting E-Rate is not a child-safety measure. E-Rate funds broadband connectivity — not laptops, tablets, applications, or online content.





