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H.R. 3859 · 113th Congress

Oil and Gas Leasing Inflation Adjustment Act

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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Never voted on. It didn't reach a floor vote before the 113th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

ALD LowenthalSponsor
12 cosponsors · 12 D
PDD DeFazio RHD Holt JHD Huffman CSD Shea-Porter NTD Tsongas HWD Waxman JCD Chu MCD Cartwright TCD Cárdenas RGD Grijalva CHD Hanabusa MPD Pocan

2 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

Oil and Gas Leasing Inflation Adjustment Act - Amends the Mineral Leasing Act to increase from $2 per acre to $4 per acre the national minimum acceptable bid for oil and gas leases.

What it does: CRS summary · Introduced in House · Jan 13, 2014

Oil and Gas Leasing Inflation Adjustment Act - Amends the Mineral Leasing Act to increase from $2 per acre to $4 per acre the national minimum acceptable bid for oil and gas leases.

Increases from $2 per acre to $5 per acre the minimum acceptable bid for a tar sand lease.

Increases the annual rental of a lease from $1.50 per acre to $3 per acre for the first through the fifth year of the lease.

Increases the annual lease rental from $2 per acre to $4 per acre for each year after such fifth year.

Directs the Secretary of the Interior to make a cost-of-living adjustment of such dollar amounts at least once every four years and to publish each one in the Federal Register.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Oil and Gas Leasing Inflation Adjustment Act

Latest action (Jan 15, 2014): Referred to the Subcommittee on Energy and Mineral Resources.

Policy area: Energy · Origin: House · Introduced: Jan 13, 2014

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.