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Bonding Reform and Taxpayer Protection Act of 2019

Introduced: September 17, 2019 See on congress.gov
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 24, 2019
Subcommittee Hearings Held.
Sep 17, 2019
Referred to the Subcommittee on Energy and Mineral Resources.
Sep 17, 2019
Referred to the House Committee on Natural Resources.
Sep 17, 2019
Introduced in House
 Plain-English summary Congressional Research Service

Bonding Reform and Taxpayer Protection Act of 2019

This bill revises bonding requirements for oil and gas development.

Specifically, the bill increases the amount of bond that oil and gas developers must provide prior to conducting surface-disturbing activities and requires such amounts to adjust every three years for inflation.

The bill also requires the Department of the Interior and the Department of Agriculture to establish uniform standards for all interim and final reclamation plans and not release any bond amounts until the standards have been met by oil and gas developers.

What's happening now September 24, 2019

Subcommittee Hearings Held.

 Committees of jurisdiction 2