H.R. 7377, known as the "Royalty Resiliency Act," seeks to amend the Federal Oil and Gas Royalty Management Act of 1982. The bill aims to improve how royalties from oil and gas leases are managed. It mandates the Secretary to issue production allocation determinations for...
Simple Explanation
Imagine the government as a landlord who rents out big sandboxes to dig for hidden treasures, like oil and gas. The Royalty Resiliency Act wants to make sure everyone pays the right amount for playing in the sandboxes and lets the landlord decide who gets what treasure faster, without any late fees if they need more time to figure it out.