Senate Bill 1267
115th Congress(2017-2018)
State Mineral Revenue Protection Act
Introduced
Introduced in Senate on May 25, 2017
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
1267
Congress
115
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
State Mineral Revenue Protection Act
This bill amends the Mineral Leasing Act to provide a mechanism for states to receive their entitled percentage of sales, bonuses, royalties, and rentals for all public land or deposits located in the state.
The bill eliminates the 2% fee that the federal government currently deducts from a state's entitled share to cover administrative or other costs.
On request of a state, the Department of the Interior must convey to the state their entitled percentage of all right, title, and interest for all public land or deposits located in the state.Interior must provide prompt notice of any such conveyance and the duty of the leaseholder to make direct payments to the state.
May 25, 2017
05/25/2017
Read twice and referred to the Committee on Energy and Natural Resources.
05/25/2017
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:36:22 PM