U. S. House here on cspan. [captions Copyright National cable satellite corp. 2020] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] the speaker pro tempore the house will be in order. The prayer will be offered by our chaplain, father conroy. Chaplain conroy let us pray, lord, father of us all, we give you thanks for giving us another day. At a time when so many are worried about business survival, rent payment and unemployment benefits, impell those in our government that are charged with the general welfare to come together to negotiate solutions benefiting all americans in need. Put forth your spirit of wisdom, patience and goodwill upon all the members of congress during these troubling days for so many of our nations citizens. May all that is done this day be for your greater honor and glory. Amen. The speaker pro tempore pursuant to section 4a of House Resolution 967, the journal of the last
Giving the u. S. Some attention. You buy the highest quality growth you can find. If software happens to fall in that category. In the context of low bond yields they are more attractive. European yields are not going to go up. Low rates giving us a signal that acne that equities are at risk. They are able to issue whatever they want in the Corporate Bond market. That has caused a change in strategy already. Bonds rallying, equities rallying because of the twosided nature of these things. Jonathan jim keenan ofjonathan whack walk lets begin with you, winnie. If you look up i everything situation in the global fixed income. A 10 year yield increase below 1 . Corporate borrowing costs alltime low. Low. Ar treasury a record just buy everything get what you can . Its by everything but highyield energy. It seems like investors have a lot of cash but continue to see record inflows into Investment Grade. Triple csnt to buy haphazardly. We dont want to buy energy haphazardly but we need to put
That revenue is just a bid among federal programs and shared with the state, local and tribal governments. Finally, we will hear testimony on two measures that would boost revenue sharing from onshore renewable as well as offshore development. Both bills under consideration or sponsored by members of this committee. Senator cassidy has introduced s2418 which is the coastal act and senator mick sally has introduced f2 666 which is a public lands are knowable Energy Development act. As a cosponsor of the coastal act i want to thank senator cassidy for introducing legislation that would bring revenue sharing for coastal producing states into parity with onshore developments. Progress laid the foundation through the passage of the gulf of Mexico Energy security act back in 2006. At that time the bill did not include alaska. The coastal act we are considering now what establish a Revenue Sharing Program that would include alaska. At the current time our offshore production is pretty minimal
Offshore areas. Secondly, we will explore how that is distributed and shared with state, local, and tribal governments. Then we will hear testimonies that will both revenue sharing from onshore renewable and onshore developments. Both bills under consideration are sponsored by members of this committee. Senator cassidy, introducing in s14 the coastal act, and senator mcsally, introducing the energy reproducing act. Thank you for introducing legislation that would bring revenuesharing for coastal producing states into parity with onshore development. Congress lay the foundation for offshore revenuesharing through the passage of the gulf of Mexico Energy security act in 2006. At that time the bill did not include alaska. The coastal act that we are considering now would establish a revenuesharing program that would include alaska and, at the current time, our offshore production is pretty minimal and therefore any returns to the state are equally minimal. It is important to address this
We are here this morning for three closely related purposes and first we will examine federal revenues generated from Energy Development on our federal lands, indian lands and federal offshore areas. Secondly, we will explore how that revenue is just a bid among federal programs and shared with the state, local and tribal governments. Finally, we will hear testimony on two measures that would boost revenue sharing from onshore renewable as well as offshore development. Both bills under consideration or sponsored by members of this committee. Senator cassidy has introduced s2418 which is the coastal act and senator mick sally has introduced f2 666 which is a public lands are knowable Energy Development act. As a cosponsor of the coastal act i want to thank senator cassidy for introducing legislation that would bring revenue sharing for coastal producing states into parity with onshore developments. Progress laid the foundation through the passage of the gulf of Mexico Energy security ac