H. R. 7377, known as the “Royalty Resiliency Act,” aims to improve how royalties are managed from oil and gas leases in the United States. It amends the Federal Oil and Gas Royalty Management Act of 1982 by requiring the Secretary of the Interior to decide on how production...
Simple Explanation
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.