Senate Bill 624
117th Congress(2021-2022)
Fair Returns for Public Lands Act of 2021
Introduced
Introduced in Senate on Mar 9, 2021
Origin Chamber
Senate
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
624
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 Senate votes have been held for this bill.
Summary
Fair Returns for Public Lands Act of 2021
This bill revises the royalty system applicable to leases of public lands for oil and gas production.
Specifically, it increases royalty rates, rental rates, and minimum bidding standards for onshore oil and gas leasing. In addition, it establishes a new fee that must be paid by any person who nominates public lands for such leasing.
Finally, the bill requires the Department of the Interior to adjust these rates and fees for inflation at least every four years.
March 9, 2021
03/09/2021
Read twice and referred to the Committee on Energy and Natural Resources.
03/09/2021
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:47:47 PM