Cassidy Introduces Gulf Coast Jobs Preservation Act

 

 

WASHINGTON – Today, Louisiana Congressman Bill Cassidy introduced H.R. 5519, legislation to overturn President Obama’s deepwater drilling moratorium, which threatens tens of thousands of Louisiana jobs and has been rejected as unnecessary by the President’s own panel of engineering experts.

 

“The moratorium is a political decision made by President Obama and Secretary Salazar.  Petroleum engineering experts chosen by the President strongly disagreed with the moratorium and recommended it end.  After losing fisheries and coastal tourism to the spill, Louisiana’s economy cannot afford to lose energy jobs to politics.”

 

Co-sponsored by the entire Louisiana delegation in the House of Representatives, the legislation overturns the May 30 Minerals Management Service Notice to Lessees No. 2010–N04, which established a moratorium on deepwater energy production, by stating that the Notice “shall have no force or effect.”

 

According to the Louisiana Midcontinent Oil & Gas Association, the deepwater moratorium:

In addition to the other six Members of the Louisiana House delegation (Reps. Joseph Cao, Charlie Melancon, Charles Boustany, Rodney Alexander, Steve Scalise, and John Fleming), Cassidy’s bill was co-sponsored by the following Members, representing 12 states and from both sides of the aisle:

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