H.R. 7377, titled the "Royalty Resiliency Act", aims to improve the management of royalties from oil and gas leases in the United States. The bill proposes changes to the Federal Oil and Gas Royalty Management Act of 1982 by requiring the Secretary to provide determinations...
Simple Explanation
The Royalty Resiliency Act is a rule that helps the government keep track of money from selling oil and gas. It makes sure that everyone knows what to do and when, like report amounts within 120 days, to make counting money fairer and smoother.