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Changes to Coal, Oil, and Gas Royalty Rates on Federal Lands.

This bill modifies the royalty rates for coal, oil, and gas extraction on federal lands. These changes could impact energy and fuel prices, potentially affecting household budgets. The adjustments may also influence government revenue from natural resource exploitation.
Key points
Increases the minimum royalty rate for coal extraction on federal lands to more than 12.5%.
Removes the option to lower royalty rates for coal extracted through underground mining.
Modifies the rules for setting oil and gas royalty rates, allowing for different rates to be established.
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Additional Information
Print number: 117_HR_4219
Sponsor: Rep. Cheney, Liz [R-WY-At Large]
Process start date: 2021-06-29