Fair Returns for Public Lands Act of 2021
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Mar 9, 2021)
Fair Returns for Public Lands Act of 2021
This bill revises the royalty system applicable to leases of public lands for oil and gas production.
Specifically, it increases royalty rates, rental rates, and minimum bidding standards for onshore oil and gas leasing. In addition, it establishes a new fee that must be paid by any person who nominates public lands for such leasing.
Finally, the bill requires the Department of the Interior to adjust these rates and fees for inflation at least every four years.
What just happenedMar 9, 2021
Read twice and referred to the Committee on Energy and Natural Resources.
Who’s behind it
- Introduced in SenateMar 9, 2021
- Mar 9, 2021IntroReferral
Read twice and referred to the Committee on Energy and Natural Resources.
Energy and Natural Resources Committee - Mar 9, 2021IntroReferral10000
Introduced in Senate