H.R.998 - State Mineral Revenue Protection Act of 2019116th Congress (2019-2020) |
|Sponsor:||Rep. Cheney, Liz [R-WY-At Large] (Introduced 02/06/2019)|
|Committees:||House - Natural Resources|
|Latest Action:||House - 02/22/2019 Referred to the Subcommittee on Energy and Mineral Resources. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- To President
- Became Law
Summary: H.R.998 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in House (02/06/2019)
State Mineral Revenue Protection Act of 2019
This bill increases the percentage that states receive from sales, bonuses, royalties, and rentals for all public land or mineral deposits located in the states by eliminating administrative costs that are deducted from the share allocated to states under current law.
The bill eliminates the 2% fee that the federal government currently deducts from a state's share to cover administrative or other costs.
On request of a state, the Department of the Interior must convey to the state a property interest in the state's share of royalties and other payments from public land or mineral deposits located in the state. Interior must provide prompt notice of any such conveyance and the duty of the leaseholder to make direct payments to the state.