Higgins Urges Conference Committee to Include GOMESA Provision in Tax Cuts & Jobs Act
WASHINGTON, D.C. – Congressman Clay Higgins (R-LA) joined a group of Gulf Coast lawmakers on a letter urging House Leadership and members of the conference committee on tax reform to include the Cassidy-Strange Amendment in the final legislative text.
The amendment increases the amount of money that Gulf states are eligible to receive through the Gulf of Mexico Energy Security Act (GOMESA), raising the revenue sharing cap on oil and gas from $500 million to $650 million for two years (2020 and 2021).
Congressman Higgins issued the following statement:
“Revenue sharing from the oil and gas industry remains a critical component of coastal restoration efforts in Louisiana. The projected shortfall of GOMESA revenue is largely reflective of Obama-era regulations that have stifled offshore drilling in the Gulf of Mexico. This amendment ensures that the GOMESA program will continue to support key restoration and infrastructure projects in coastal Louisiana. I want to thank Senator Cassidy for his efforts on this important initiative, and I am hopeful that my colleagues on the conference committee will include the amendment in the final version of the Tax Cuts & Jobs Act.”
The letter was also signed by Congressmen Bradley Byrne (R-AL), Steven Palazzo (R-MS), Blake Farenthold (R-TX), Brian Babin (R-TX), and Randy Weber (R-TX).
Read the letter here.