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1 (November 2, 2005)

handle is hein.crs/crsuntaabxg0001 and id is 1 raw text is: Order Code RS22313 November 2, 2005 CRS Report for Congress Received through the CRS Web Energy and Mineral Issues in the FY2006 Budget Reconciliation Bill Marc Humphries Analyst in Energy Policy Resources, Science, and Industry Division Summary Several resource issues that are designed to generate revenue for the federal Treasury have been proposed for the FY2006 budget reconciliation bill. The most controversial of these provisions recommended by the House Resources Committee and Senate Energy and Natural Resources Committee would open part of the Arctic National Wildlife Refuge (ANWR) for oil and gas development. The House panel would also allow coastal states to opt out of the current offshore oil and gas development moratoria, increase fees for hardrock mining and patents, dispose of certain federal lands, and begin an oil shale and tar sands leasing program. The Congressional Budget Office estimates offsetting receipts from resource development on federal lands in the House recommendation to be $3.7 billion and in the Senate version $2.66 billion between 2006-2010. This report will be updated. Several resource provisions designed to generate revenue for the federal Treasury have been proposed for the FY2006 budget reconciliation bill. According to the Congressional Budget Office (CBO), potential offsetting receipts from resource development on federal lands under the House recommendations would reduce net direct spending by $3.7 billion over the 2006-2010 period. Subtitles in the House Resources Committee's reconciliation package would involve the following: opening up the Arctic National Wildlife Refuge (ANWR) for oil and gas development (Subtitle A), increasing fees and other miscellaneous amendments for hardrock mining on federal lands (Subtitle B), sales of public land to mining claimants in Idaho and Nevada (Subtitle C), oil shale development (Subtitle D), offering coastal states the option of offshore oil and gas development in areas now under a leasing and development moratoria (Subtitle E), and the sale of federal land (Subtitle F). Below is a brief description of each subtitle and some of the related issues. The Senate Energy and Natural Resources Committee also supported opening a part of ANWR as its only recommendation to the budget reconciliation bill. The CBO estimates that the Senate version would reduce spending by $2.66 billion. The Senate Budget Committee reported its reconciliation bill (S. 1932) on October 27 and the House Budget Committee is scheduled to meet on its version on November 3. Congressional Research Service +0 The Library of Congress

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