The bill wants to change the rules about how much money companies pay to dig for oil and gas on land owned by the government. It suggests making it cheaper for companies, but this might mean less money for things the government pays for, like schools and roads.

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.

The bill says if a company cheats by teaming up with certain countries to mess with oil and gas prices, they could lose their right to work on U.S. government land to get oil and gas.

If a company in the United States has land from the government to get oil or gas, and it gets caught teaming up with other countries to cheat by changing prices unfairly, the government will take away their land and not let them get more in the future.

The bill wants to make sure that when the government says "no" to people wanting to drill for oil in certain places, they have to explain why, to be fair and clear. It also wants to make it easier and quicker for companies to get special permissions to drill for oil and gas, even if some people think it's not following the rules exactly right.

H. R. 7377 is a plan to change how money is managed from letting people use government land for oil and gas. It says that if someone asks how much oil or gas is being made, the boss needs to give an answer fast, and until then, people should pay based on their best guess without any extra costs for being late.

The Royalty Resiliency Act is a plan to make sure that money from selling oil and gas is tracked better and paid on time. If it takes too long to figure out the payments, the people who owe money won't have to pay extra fees for a little while.

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.

The Royalty Resiliency Act wants to make sure that companies who take oil and gas from the ground pay the right amount of money to the government. The bill says the government must decide how to share the oil and gas quickly, and if companies make mistakes, they can fix them without getting into too much trouble.