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HR 5770 97th Congress House Energy Oil and gas leases Petroleum and petroleum products Public Lands and Natural Resources Public Lands and Real Property

A bill to modify the royalty rates applicable to onshore and offshore oil and gas leases.

Introduced: March 9, 1982 Introduced by: Markey, Edward J. Democratic · Massachusetts See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 23, 1982
Referred to Subcommittee on Mines and Mining.
Mar 9, 1982
Referred to House Committee on Interior and Insular Affairs.
Mar 9, 1982
Introduced in House
 Plain-English summary Congressional Research Service

Requires the minimum royalty rates, for both offshore and onshore oil and gas leases, to be 16 2/3 percent of the amount or value of the production saved, removed, or sold, unless there is an alternative minimum rate in effect. Directs the Secretary of the Interior to: (1) establish the alternative rate; and (2) report to Congress.

What's happening now March 23, 1982

Referred to Subcommittee on Mines and Mining.

 Committees of jurisdiction 2