S. 1340 · 114th Congress
COAL Reform Act of 2015
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Never voted on. It didn't reach a floor vote before the 114th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
MarkeySponsorNo cosponsors.
Coal Oversight and Leasing Reform Act of 2015 or the COAL Reform Act of 2015
What it does: CRS summary · Introduced in Senate · May 14, 2015
Coal Oversight and Leasing Reform Act of 2015 or the COAL Reform Act of 2015
This bill amends the Mineral Leasing Act to repeal the requirement that the Department of the Interior offer under a deferred bonus lease payment system at least 50% of total acreage offered for coal leasing in any one year.
Any independent consultants used by Interior for lease sales shall be subject to a nondisclosure agreement and any other confidentiality requirements.
Licensees must certify the accuracy of exploration data they submit.
A proposed lease sale may not be held until Interior determines, and includes in a formal appraisal report, the fair market value of the coal to be extracted.
Interior must: (1) make publicly available appraisal reports, individual and total lease sales, high bids, royalty payments, and related revenues; and (2) find that a proposed coal leasing modification would not result in revenue reduction.
The total area of coal leasing modifications is reduced from 960 to 160 acres.
Interior shall prepare, periodically revise, and maintain a coal leasing program consisting of a schedule of proposed lease sales indicating the size, timing, and location of leasing activity that will best meet national needs for the five-year period following approval or reapproval of the program.
Annual lease rentals must be for at least $100 per acre, adjustable every 5 years.
Lease terms are reduced from 20 to 10 years. A lease which is not producing in commercial quantities shall be terminated at the end of 5 years.
The minimum lease royalty is increased from 12.5% of the value of the coal to 18.75%.
BLM shall promulgate regulations for inspections and enforcement of coal operations, including oversight of state inspection and enforcement programs by its Washington, D.C. office. BLM may also assess civil penalties for noncompliance.
There shall be a moratorium on new coal lease sales until this Act has been implemented.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: COAL Reform Act of 2015
Also known as: Coal Oversight and Leasing Reform Act of 2015
Latest action (Jun 9, 2015): Committee on Energy and Natural Resources. Hearings held.
Policy area: Energy · Origin: Senate · Introduced: May 14, 2015
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.