S. 500 · 114th Congress
State Mineral Revenue Protection Act
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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.
R
EnziSponsor5 cosponsors · 1 D, 4 R
4 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Amends the Mineral Leasing Act to direct the Secretary of the Interior, on the request of a state (other than Alaska) and in lieu of any payments to the state under the Federal Oil and Gas Royalty Management Act of 1982 (FOGRMA), to convey to the state all right, title, and interest in and to the percentage specified in the FOGRMA for that state of all…
What it does: CRS summary · Introduced in Senate · Feb 12, 2015
State Mineral Revenue Protection Act
Amends the Mineral Leasing Act to direct the Secretary of the Interior, on the request of a state (other than Alaska) and in lieu of any payments to the state under the Federal Oil and Gas Royalty Management Act of 1982 (FOGRMA), to convey to the state all right, title, and interest in and to the percentage specified in the FOGRMA for that state of all amounts otherwise required to be paid into the Treasury from sales, bonuses, royalties (including interest charges), and rentals for all public land or deposits located in the state. (Current law requires payment to a state of 50% of all money derived from such sales, bonuses, royalties, and rentals.)
Requires any person, after a conveyance under this Act, to pay directly to the state any amount the person owes for which the right, title, and interest has been conveyed to the state.
Requires the Secretary to provide prompt notice of any such conveyance, and the duty to make direct payments to the state involved, to each holder of a lease of public land to which this Act applies.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: State Mineral Revenue Protection Act
Latest action (Feb 12, 2015): Read twice and referred to the Committee on Energy and Natural Resources.
Policy area: Energy · Origin: Senate · Introduced: Feb 12, 2015
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.