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Bill > HR4364


US HR4364

US HR4364
Taxpayer Fairness for Resource Development Act of 2019


summary

Introduced
09/17/2019
In Committee
09/20/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

A BILL To amend the Mineral Leasing Act to make certain adjustments to the fiscal terms for fossil fuel development and to make other reforms to improve returns to taxpayers for the development of Federal energy resources, and for other purposes. 1

AI Summary

This bill, the Taxpayer Fairness for Resource Development Act of 2019, amends the Mineral Leasing Act to increase the royalty rates for onshore fossil fuel development on federal lands, raise the minimum bid amount and rental rates for oil and gas leases, increase civil penalties for non-compliance, eliminate certain royalty relief provisions, revise the charter of the Royalty Policy Committee to increase transparency and balanced representation, and require royalties to be paid on all extracted methane, among other reforms aimed at improving returns to taxpayers from the development of federal energy resources.

Committee Categories

Agriculture and Natural Resources

Sponsors (11)

Last Action

Subcommittee Hearings Held. (on 09/24/2019)

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