H. R. 7377, titled the "Royalty Resiliency Act," proposes changes to the Federal Oil and Gas Royalty Management Act of 1982. It aims to improve how royalties from oil and gas leases are managed by requiring the Secretary to determine allocations of production within 120 days...
Simple Explanation
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.