119th Congress Energy
H.R. 526: Declaration of Energy Independence Act
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill reduces certain royalty rates, minimum bids, rental rates, and fees for onshore oil and gas leases on federal lands and modifies related leasing procedures.
Specifically, the bill (1) decreases the royalty rate from 16 2/3% to 12 1/2% for developing oil and gas on federal lands, (2) lowers the minimum bid amount from $10.00 to $2.00 per acre for oil and gas leases on federal lands, and (3) decreases the rental rates from a maximum of $15.00 per acre to $1.50 per acre for the first five years and $2.00 per acre thereafter. The bill also eliminates the fee for expressing interest in a lease.
It also modifies leasing procedures to provide for noncompetitive leasing under certain circumstances.
Read the full summary
In addition, the bill modifies the conditions for the reinstatement of leases that have been cancelled or terminated, including by reducing the applicable royalty and rental rates.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Josh Brecheen R-OKOriginal
- Harriet Hageman R-WYOriginal
- Celeste Maloy R-UTOriginal
- August Pfluger R-TXOriginal
- Randy Weber R-TXOriginal
- Roger Williams R-TXOriginal
- Brandon Gill R-TX
- Tracey Mann R-KS
Who scored on this bill
No member has earned points from it yet.
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Other bills by Andrew Ogles
History
- Introduced in the House by Andrew Ogles.
Show the full action history (2 actions)
- Introduced in House
- Referred to the House Committee on Natural Resources.