SB41

SB41

The Roads and Rigs Act Sponsors- Nino Olivier (R-ME) Torre Amato (R-UT)

Purpose-The purpose of our bill is to create jobs, re-surface our roads and highways, and lower gas prices and our dependency on foreign oil. We can increase the amount of domestic oil by lifting the moratorium on the Gulf of Mexico, and by funding more projects for the drilling of shale oil. We will be able to lower gas prices if oil and natural gas companies fill in spots that we set up for those companies to drill in. We will also create new jobs because of the new refineries and road construction jobs that will open up. Funding that does not go toward oil projects will go toward existing roads, highways, and bridges. We are urging congress people to pass this bill because increasing jobs, decreasing our dependency on foreign oil, and lowering gas prices are very important in today’s economy. We believe that this bill will help America’s economy for a very long time.

Eligibility- All private oil companies are eligible in this bill for funding and property. All construction companies are also eligible for funding. This will allow job openings, as well as more companies taking unused land.

Terms and Benefits- The main goal of this bill is to help the United States heal from the recent recession. We also believe that this bill will create more jobs to help reach our goal. We feel it is necessary that our bill's length to be indefinite, or as long as it takes to get out of our economic crisis. There will be a four-month building/research period for oil companies. We will also hold mandatory monthly inspections of oil rigs and roads that have received government funding. Loans of at least $50 million will go to private oil and construction companies that wish to acquire land. The salary of employees are dependent upon the employer, but the employer may not reduce wages based on race or gender, but on job performance alone. This bill will be enforced by government regulators. All American citizens over the age of 18 are affected by this bill, as they are allowed to hold jobs for any employer. Any roads, highways, bridges, etc. are available. Also, any oil reserves held by the United States government can be purchased. Other sites may be purchased off of a landlord. Finally, companies that use this funding for oil and construction projects will receive a tax incentive.

Fiscal Impact- This bill will cost at least $237,829,317.20 for things like equipment, marketing, and labor. The money will come from very small tax increases and from government agencies like the EPA.