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Bill > HR4346


US HR4346

US HR4346
Bonding Reform and Taxpayer Protection Act of 2019


summary

Introduced
09/17/2019
In Committee
09/17/2019
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 regulation of surface-disturbing activities and to protect taxpayers from unduly bearing the reclamation costs of oil and gas development, and for other purposes. 1

AI Summary

This bill, the Bonding Reform and Taxpayer Protection Act of 2019, amends the Mineral Leasing Act to regulate surface-disturbing activities related to oil and gas development and protect taxpayers from bearing the costs of reclamation. It requires the approval of both an interim and final reclamation plan before issuing a drilling permit, mandates the establishment of adequate financial bonds to ensure complete and timely reclamation, and prohibits the issuance of leases to entities that have failed to comply with reclamation requirements. The bill also directs the Secretaries of the Interior and Agriculture to establish uniform standards for reclamation plans, aiming to restore affected ecosystems to pre-disturbance conditions, and requires monitoring and approval of final abandonment before releasing any bonds.

Committee Categories

Agriculture and Natural Resources

Sponsors (18)

Last Action

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

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