Congress 116 - HR 4364 - Taxpayer Fairness for Resource Development Act of 2019

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Administrative law and regulatory procedures Administrative remedies Advisory bodies Alaska Alternative and renewable resources Business records Coal Congressional oversight Department of the Interior Energy Energy prices Energy revenues and royalties Government information and archives Government studies and investigations Gulf of Mexico Indian lands and resources rights Inflation and prices Land use and conservation Licensing and registrations Marine and coastal resources, fisheries Mining Oil and gas Public-private cooperation State and local finance

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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.

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