Bill
Bill > S3488
US S3488
US S3488A bill to amend the Mineral Leasing Act to repeal a provision relating to the suspension, waiver, or reduction of rents or royalties by the Secretary of the Interior to promote development or operation, to amend the Outer Continental Shelf Lands Act to limit the authority of the Secretary to reduce or eliminate certain royalties and net profit shares, and for other purposes.
summary
Introduced
03/12/2020
03/12/2020
In Committee
03/12/2020
03/12/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
A bill to amend the Mineral Leasing Act to repeal a provision relating to the suspension, waiver, or reduction of rents or royalties by the Secretary of the Interior to promote development or operation, to amend the Outer Continental Shelf Lands Act to limit the authority of the Secretary to reduce or eliminate certain royalties and net profit shares, and for other purposes. This bill prohibits the Department of the Interior from suspending, waiving, or reducing rents or royalties that the government receives for the production of certain mineral resources (e.g., fossil fuel) on leased public land, including royalties or net profit shares received from oil and gas exploration on the Outer Continental Shelf.
AI Summary
This bill prohibits the Department of the Interior from suspending, waiving, or reducing rents or royalties that the government receives for the production of certain mineral resources, such as fossil fuels, on leased public land, including royalties or net profit shares received from oil and gas exploration on the Outer Continental Shelf. Specifically, the bill repeals a provision in the Mineral Leasing Act that allowed the Secretary of the Interior to suspend, waive, or reduce these rents or royalties to promote development or operation, and it limits the Secretary's authority to reduce or eliminate certain royalties and net profit shares under the Outer Continental Shelf Lands Act.
Committee Categories
Agriculture and Natural Resources
Sponsors (3)
Last Action
Read twice and referred to the Committee on Energy and Natural Resources. (on 03/12/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/senate-bill/3488/all-info |
| BillText | https://www.congress.gov/116/bills/s3488/BILLS-116s3488is.pdf |
| Bill | https://www.congress.gov/116/bills/s3488/BILLS-116s3488is.pdf.pdf |
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