S.490 - Federal Land Freedom Act of 2015114th Congress (2015-2016)
|Sponsor:||Sen. Inhofe, James M. [R-OK] (Introduced 02/12/2015)|
|Committees:||Senate - Energy and Natural Resources|
|Latest Action:||Senate - 02/12/2015 Read twice and referred to the Committee on Energy and Natural Resources. (All Actions)|
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Summary: S.490 — 114th Congress (2015-2016)All Information (Except Text)
Introduced in Senate (02/12/2015)
Federal Land Freedom Act of 2015
This bill permits a state that has an established leasing, permitting, and regulatory program to: (1) declare to the Secretaries of the Interior, of Agriculture, and of Energy that it has either established or amended the program; and (2) seek to transfer to itself, and to implement, existing federal responsibilities for leasing, permitting, and regulating oil, natural gas, and other forms of energy development.
Any state action to lease, permit, or regulate oil and gas exploration and development shall not be subject to, or considered, a federal action, a federal permit, or a federal license with respect to specified administrative and environmental laws and is therefore exempt from them.
State-issued leases or permits must provide for: (1) the collection of royalties or other revenues in an amount equal to what would have been collected if the lease or permit had been federally issued, and (2) their deposit into the same federal account in which they would have been deposited if the lease or permit had been federally issued.
A state may collect and retain lease or permit application processing fees.