A bill to amend the Mineral Leasing Act to repeal a provision relating to the suspension, waiver, or reduction of rents or royalties by the Secretary of the Interior to promote development or operation, to amend the Outer Continental Shelf Lands Act to limit the authority of the Secretary to reduce or eliminate certain royalties and net profit shares, and for other purposes.

Bill: 116-s-3488
Sponsor: full_name: Sen. Merkley, Jeff [D-OR]
Introduced: 2020-03-12
Policy area: Energy
Subjects: Energy revenues and royalties

Marine and coastal resources, fisheries

Mining

Oil and gas
Latest action: action_date: 2020-03-12
text: Read twice and referred to the Committee on Energy and Natural Resources.

Summaries:
action_date: 2020-03-12
action_desc: Introduced in Senate
text: <p>This bill prohibits the Department of the Interior from suspending, waiving, or reducing rents or royalties that the government receives for the production of certain mineral resources (e.g., fossil fuel) on leased public land, including royalties or net profit shares received from oil and gas exploration on the Outer Continental Shelf.</p>

tv_txt: II 116th CONGRESS 2d Session S. 3488 IN THE SENATE OF THE UNITED STATES March 12, 2020 Mr. Merkley (for himself, Mr. Markey , and Mr. Sanders ) introduced the following bill; which was read twice and referred to the Committee on Energy and Natural Resources A BILL To amend the Mineral Leasing Act to repeal a provision relating to the suspension, waiver, or reduction of rents or royalties by the Secretary of the Interior to promote development or operation, to amend the Outer Continental Shelf Lands Act to limit the authority of the Secretary to reduce or eliminate certain royalties and net profit shares, and for other purposes.

1. Repeal of provision of the Mineral Leasing Act relating to the suspension, waiver, or reduction of rents or royalties by the Secretary of the Interior to promote development or operation (a) Repeal Section 39 of the Mineral Leasing Act ( 30 U.S.C. 209 ) is repealed. (b) Conforming amendments (1) Section 8721(b) of title 10, United States Code, is amended by striking 202–209 and inserting 202–208 . (2) Section 8735(a) of title 10, United States Code, is amended by striking 202–209 and inserting 202–208 . (3) Section 31(h) of the Mineral Leasing Act ( 30 U.S.C. 188(h) ) is amended by striking and the provisions of section 39 of this Act . 2. Limitation on the authority of the Secretary to reduce or eliminate certain royalties and net profit shares under the outer Continental Shelf Lands Act Section 8(a) of the Outer Continental Shelf Lands Act ( 43 U.S.C. 1337(a) ) is amended by striking paragraph (3) and inserting the following: (3) Limitation on authority of Secretary to reduce or eliminate certain royalties or net profit shares Notwithstanding any other provision of this Act, the Secretary may not reduce or eliminate any royalty or net profit share established under a lease. .