Search Results: keywords:"royalty rates"

  • H. R. 9017 — To amend the Mineral Leasing Act to make certain adjustments to the royalty rates for leases for oil and gas extraction on Federal land, and for other purposes.
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    Status:Introduced in House
    Words:3,053

    The bill, H. R. 9017, proposes changes to the Mineral Leasing Act to adjust the royalty rates for oil and gas leases on federal land. It suggests reducing the royalty rates from 16⅔% to 12½% and lowering the minimum bid and rental rates for oil and gas leases. Additionally, the bill...

    Simple Explanation

    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.

  • H. R. 8554 — To eliminate certain subsidies for fossil-fuel production.
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    Status:Introduced in House
    Words:15,219

    H. R. 8554, known as the “End Polluter Welfare Act of 2024,” aims to eliminate subsides and tax benefits for fossil-fuel production in the United States. The bill proposes changes to existing laws to increase royalties and taxes on fossil fuels, cut down on tax breaks and...

    Simple Explanation

    H. R. 8554 wants to stop giving money help and tax breaks to companies that use oil, gas, and coal, and instead make them pay more to help the Earth stay clean. This means making these companies pay more money if they spill oil and use the land, and trying not to let government money be used for things that help them find and use more oil, gas, and coal.