House Bill 4364
116th Congress(2019-2020)
Taxpayer Fairness for Resource Development Act of 2019
Introduced
Introduced in House on Sep 17, 2019
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
4364
Congress
116
Policy Area
Energy
Energy
Primary focus of measure is all sources and supplies of energy, including alternative energy sources, oil and gas, coal, nuclear power; efficiency and conservation; costs, prices, and revenues; electric power transmission; public utility matters.
No House votes have been held for this bill.
Summary
Taxpayer Fairness for Resource Development Act of 2019
This bill addresses royalties related to the development of federal energy resources.
Among other things, the bill
- increases the onshore royalty rates for new oil, gas, and coal leases;
- increases onshore rental rates for oil and gas leasing;
- modifies the current onshore oil and gas minimum bid from $2 to $5 and requires it to be adjusted every four years for inflation; and
- makes revisions to the charter of the Royalty Policy Committee, including to increase to six the number of members who are representatives of academia or the public.
September 17, 2019
09/24/2019
Subcommittee Hearings Held.
09/20/2019
Referred to the Subcommittee on Energy and Mineral Resources.
09/17/2019
Referred to the House Committee on Natural Resources.
09/17/2019
Introduced in House
Public Record
Record Updated
Nov 1, 2022 1:50:00 PM