Ending Taxpayer Welfare for Oil and Gas Companies Act of 2021
This bill addresses royalties related to the development of federal energy resources.
Among other requirements, the bill
- increases the onshore royalty rates for new oil, gas, and coal leases;
- increases onshore rental rates for oil and gas leasing;
- modifies the current onshore oil and gas minimum bid from $2 to $10 and requires it to be adjusted every four years for inflation; and
- increases inspection fees and penalties on oil and gas operators.