Gulf Conservation and Recreation Funding Act
This bill requires the Department of the Interior to annually pay Gulf producing states (Alabama, Louisiana, Mississippi, and Texas) and each of their coastal political subdivisions an amount equal to the amount of revenue they will not receive due to moratorium on new oil and natural gas leases in offshore waters. The moratorium was established under Executive Order 14008 on January 27, 2021.
To amend the Gulf of Mexico Energy Security Act of 2006 to require 
     payments to Gulf producing States and their coastal political 
subdivisions to compensate for reductions in other payments under that 
Act resulting from the moratorium on new oil and natural gas leases in 
    offshore waters under Executive Order 14008 of January 27, 2021.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Gulf Conservation and Recreation 
Funding Act''.

SEC. 2. PAYMENTS TO GULF PRODUCING STATES AND COASTAL POLITICAL 
              SUBDIVISIONS TO COMPENSATE FOR REDUCTIONS IN PAYMENTS 
              RESULTING FROM MORATORIUM ON NEW OFFSHORE OIL AND NATURAL 
              GAS LEASES.

    Section 105(b) of the Gulf of Mexico Energy Security Act of 2006 
(43 U.S.C. 1331 note) is amended by adding at the end the following:
            ``(4) Payments to gulf producing states to compensate for 
        reductions in other payments resulting from moratorium on new 
        leases.--In addition to the other payments required by this 
        subsection, during the effective period of the moratorium on 
        new oil and natural gas leases in offshore waters under 
        Executive Order 14008 of January 27, 2021, the Secretary shall 
        pay to each Gulf producing State and each coastal political 
        subdivision each fiscal year an amount equal to the difference 
        between the amount of such other payments for the fiscal year 
        to the State or subdivision, respectively, and the average 
        annual amount of such other payments to the State or 
        subdivision, respectively, for fiscal years after fiscal year 
        2017 and up to fiscal year 2020.''.
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Gulf Conservation and Recreation Funding Act
To amend the Gulf of Mexico Energy Security Act of 2006 to require payments to Gulf producing States and their coastal political subdivisions to compensate for reductions in other payments under that Act resulting from the moratorium on new oil and natural gas leases in offshore waters under Executive Order 14008 of January 27, 2021.
Gulf Conservation and Recreation Funding Act
Rep. Carl, Jerry L.