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Study to Determine Dollar Value of Minerals on Federal Lands and Waters

This law requires federal agencies to calculate the monetary value of oil, gas, and other minerals located beneath specific public lands and offshore areas. The goal is to create a comprehensive inventory of natural resources, which could influence future decisions regarding energy extraction and national energy security. Citizens should note that this includes certain protected areas and national monuments.
Key points
The government must assess the dollar value of oil, gas, and other minerals on selected federal lands and waters within three years.
The studies will cover areas currently withdrawn from mining, including certain national monuments and critical environmental concern zones.
The findings may inform future policy debates regarding increasing domestic resource extraction.
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Additional Information
Print number: 118_HR_9859
Sponsor: Rep. Arrington, Jodey C. [R-TX-19]
Process start date: 2024-09-27