House Bill 1517
117th Congress(2021-2022)
Ending Taxpayer Welfare for Oil and Gas Companies Act of 2021
Introduced
Introduced in House on Mar 2, 2021
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
1517
Congress
117
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
Ending Taxpayer Welfare for Oil and Gas Companies Act of 2021
This bill addresses royalties related to the development of federal energy resources.
Among other requirements, 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
- increases inspection fees and penalties on oil and gas operators.
12/14/2022
Placed on the Union Calendar, Calendar No. 455.
12/14/2022
Reported (Amended) by the Committee on Natural Resources. H. Rept. 117-632.
05/05/2021
Ordered to be Reported by the Yeas and Nays: 23 - 14.
05/05/2021
Committee Consideration and Mark-up Session Held.
05/05/2021
Subcommittee on Energy and Mineral Resources Discharged.
03/09/2021
Subcommittee Hearings Held.
03/08/2021
Referred to the Subcommittee on Energy and Mineral Resources.
03/02/2021
Referred to the House Committee on Natural Resources.
03/02/2021
Introduced in House
Public Record
Record Updated
Aug 8, 2023 7:00:29 PM