H.R. 70: Deficit Reduction, Job Creation, and Energy Security Act

114th Congress · introduced 2015-01-06 · Energy · Latest: Referred to the Subcommittee on Indian, Insular and Alaska Native Affairs.

federal

Follow this bill, step by step

Where it came from: introduced 2015-01-06 · official record
Who proposed it: Rep. Jackson Lee, Sheila [D-TX-18] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Referred to the Subcommittee on Indian, Insular and Alaska Native Affairs. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Deficit Reduction, Job Creation, and Energy Security Act

Plain summary

Deficit Reduction, Job Creation, and Energy Security Act This bill requires the Department of the Interior to conduct oil and gas lease sales under the Outer Continental Shelf Lands Act. The Deficit Reduction Acreage leased in those sales is in addition to the acreage proposed to be leased under the Proposed Outer Continental Shelf Oil and Gas Leasing Program for 2012-2017. This bill establishes the Deficit Reduction Energy Security Fund with sums from the Deficit Reduction Acreage lease sales for 15 years. The sums are to be transferred to the general fund and used solely to reduce the federal deficit. The interest earned on those sums will be transferred to the Coastal and Ocean Sustainability and Health Fund (COSH Fund), established under this Act. The National Oceanic and Atmospheric Administration administers the COSH Fund for: (1) the Coastal and Ocean Disaster Grant Program for restoring, mitigating, monitoring, or otherwise managing coastal and ocean natural resources impacted by coastal or ocean disasters; and (2) the National Grant Program for Coastal and Ocean Sustainability and Health for restoring, protecting, maintaining, managing, or understanding marine resources and their habitats and resources in coastal and ocean water. This bill amends the Outer Continental Shelf Lands Act to authorize Interior to reinstate expired producible leases in the offshore Gulf or Mexico upon the petition of a prior leaseholder if such reinstatement furthers the purposes and objectives of that Act. Interior must establish an Office of Energy Employment and Training to oversee the Interior's efforts to carry out this Act, and an Office of Minority and Women Inclusion. Further, Interior must take affirmative steps to seek diversity in all of its business and activities.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

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If it passes both chambers and is signed, it becomes law.

A “Nay” vote

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What does this mean? (plain words)

Official text

Deficit Reduction, Job Creation, and Energy Security Act

Source: Congressional Research Service summary (Introduced in House)

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Jackson Lee, Sheila [D-TX-18] · 0 cosponsors

Cost estimate: No cost estimate published yet.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (3)

Authorization: A law that creates or continues a government program and says what it may do, often with a suggested spending ceiling. An authorization alone does not provide money; a separate appropriation does.
Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Securities: Financial investments that can be bought and sold, such as stocks and bonds.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-114hr70.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/114/hr>

Record fed-us-cong114-hr70 · catalog fed-us-congress-bills-cong114 · updated 2026-11-15 by psicol fed-bills-cong114