RFG 2018 Conference

115th congress

United States and Taiwan scrap mission for next generation radio occultation satellites

Flow of data

The U.S. National Oceanic and Atmospheric Administration (NOAA) and Taiwan’s Ministry of Science and Technology (MOST) agreed in a joint memorandum that the two agencies would halt plans to develop a second set of Constellation Observing System for Meteorology, Ionosphere and Climate (COSMIC) 2 satellites, known as COSMIC-2B. However, for FY18, President Trump’s budget did not include a funding request for COSMIC 2B.   

Budget resolution requires natural resource committees to find $1 billion in increased revenue

U.S. Money

On October 19, the Senate passed a fiscal year (FY) 2018 budget resolution (H.Con.Res.71) with an amendment in the nature of a substitute (S.Amdt.1116), which sets the stage for passing tax reform legislation. Part of the Senate amendment includes instructions for both the House Committee on Energy and Commerce and the Senate Committee on Energy and Natural Resources to write legislative recommendations by November 13 that would result in $1 billion in new revenue over ten years to offset federal tax cuts.

Lawmakers consider expanding oil and gas leasing on the Outer Continental Shelf

The Noble John Sandifer jackup rig

On October 11, the House Natural Resources Subcommittee on Energy and Mineral Resources met to review a draft of the Accessing Strategic Resources Offshore (ASTRO) Act. Modeled after the successful revenue sharing scheme GOMESA, the ASTRO Act seeks to improve access to oil and gas resources and to provide more reliability in the federal management of OCS exploration and development.

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