Ed Markey: “I have an amendment at the desk. The Acting CHAIR. The Clerk will designate the amendment. The text of the amendment is…”

“I have an amendment at the desk. The Acting CHAIR. The Clerk will designate the amendment. The text of the amendment is as follows: Page 4, line 19, strike the closing quotation marks and the second period, and after line 19 insert the following new paragraph: ``(7) Eligibility for new leases and the transfer of leases.-- ``(A) Issuance of new leases.-- ``(i) In general.--In each oil and gas leasing program under this section, beginning with the 2012-2017 5-year program, the Secretary of the Interior shall specify that the Secretary will not accept bids on any new leases offered pursuant to this Act from a person described in paragraph (2) unless the person has renegotiated each covered lease with respect to which the person is a lessee, to modify the payment responsibilities of the person to require the payment of royalties if the price of oil and natural gas is greater than or equal to the price thresholds described in clauses (v) through (vii) of section 8(a)(3)(C) of the Outer Continental Shelf Lands Act (43 U.S.C. 1337(a)(3)(C)).…”