Existing fan on gas and oil leasing and republicans and democratic senator john manchin voted in favor of the bill while the rest of the committees democrats voted against it. Alaskas senator Lisa Murkowski chairs the committee. [inaudible conversations] good morning everyone. The committee will come to order. Before we begin this mornings marked up i would like to send a special welcome to some of the folks that are here this morning, there come a long way. Several alaskans have flown down from the north slope to be with us. Recognizing that this is their home. I think it is important that they are here with us today so we welcome them. I would also like to add just a farewell at the same time that we acknowledge a welcome. I do not see angela but she is over there. Angela who has been staff director i understand is moving back to the west coast. And this is perhaps your last day on the committee or last week on committee and i just, i want to acknowledge the work that you have done.
Thank you. I think this is a big point of departure. Very difference of opinion by Legal Counsel which can happen. Again, very important part of this realty issue. There is great concern about how this is managed in the future and the concept of what royalties and revenues will be there and what sleightofhand could be used to change that dynamic as opposed to what were doing is a legislative perspective. Madam chair, i suggest we go to amendments. That answers a lot of our questions. Definitely answers the premise of our concerns about the chairmans mark both on the fact that it does change existing on a significant way. Depending on how you want to perceive we can call up and amendment. It appears all the amendments members seek to have brought forward today for discussion appeared to be on your side. I will defer to as to which we take up first. Cassidy 16 is not going to be considered . We dont believe so. Lets go to cantwell number three which is the chairmans mark adds new purpose
Before we begin the markup, id like to extend a special welcome. Recognizing that this is their home, i think its important theyre with us here today, so we welcome them. Id also like to add just a farewell at the same time we acknowledge a welcome. I dont see angela, but shes over there. But Angela Becker dipman who has been senator cantwells staff director i understand is moving back to the west coast and that this is perhaps your last day on the committee or last week on the committee. And i just i want to acknowledge the work that you have done. I think that certainly the staffs on our side have enjoyed the working relationship weve had with you through some interesting and challenging issues, and your leadership has been greatly appreciated. So know were going to miss you here. So thank you. [applause] so lets get to work here. We are here to markup legislation to allow responsible Energy Development in a small portion of the nonwilderness 1002 area in northeast alaska. Were repor
Political will to apply this tool, and i think its a very valid and useful tool for toolkit in the United States, and so we have examples for tunisia and egypt that well talk about, so well talk a little bit about the history of what are these things, how they come about, what can we learn from the past, how are some more recent ones operating, and finally, the most important thing is about the future because i think in some ways this was certainly ahead of its time and theres a lot of learning from the past, but i think there are plenty of countries where we ought to be applying this in new additional countries, but also may be in different ways given the fact that the world is changed from 25 years ago. The instrument needs to adapt the time. We have a very experienced group of panelists. Im excited to have all the smart folks on the panel. I wont go into detailed bios for each of them but i will ask my friend whos the executive director of European Cooperative for Rural Development
American Enterprise Fund bowman cutter. They support Economic Development and generating financial returns. This is nearly two hours. Okay. Lets get started. Im dan runde. Were going to have a conversation about whether or not we need to revisit the concept of u. S. Enterprise funds. U. S. Enterprise funds were launched in the early 1990s by george h. B. Bush, were country focussed where u. S. Government dollars funded investments in developing countries. It was an idea that was ahead of its time. And there were several dozen of these Enterprise Funds that were launched. Many of them were very successful. Some that had some hiccups. But most were broadly very successful. But you would ask yourself, well, why hasnt there is any number of Different Countries where you would say we ought to be applying this. Thankfully, in the obama administration, there were a number of countries where there was political will to apply this tool. And i think its a very valid and useful tool for our tool