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United States · Bill · HR

H.R. 1505 (117th)

Bonding Reform and Taxpayer Protection Act of 2021

openUnited States· United States Congress· EN

Introduced

2 March 2021

Last action

14 December 2022 · Calendars

Status

Placed on the Union Calendar, Calendar No. 453.

Sponsors

Rep. Lowenthal, Alan S. [D-CA-47], Rep. Grijalva, Raúl M. [D-AZ-7], Rep. Levin, Mike [D-CA-49], Rep. Cartwright, Matt [D-PA-17], Rep. Lee, Barbara [D-CA-12], Rep. Barragán, Nanette Diaz [D-CA-44], Rep. Huffman, Jared [D-CA-2], Rep. Blumenauer, Earl [D-OR-3], Rep. DeGette, Diana [D-CO-1], Rep. McCollum, Betty [D-MN-4], Rep. Cohen, Steve [D-TN-9], Rep. Quigley, Mike [D-IL-5], Rep. Hastings, Alcee L. [D-FL-20], Rep. Porter, Katie [D-CA-47], Rep. Leger Fernandez, Teresa [D-NM-3], Rep. Casten, Sean [D-IL-6]

Subjects

Agriculture, Energy

Source updated

7 April 2025

Agriculture · Energy

Official sourceDownload fileView documentsShare

Summary

Bonding Reform and Taxpayer Protection Act of 2021 This bill revises bonding requirements for oil and gas development on public land leased from the federal government. Such bonds are required to ensure oil and gas developers have adequate financial resources for implementing reclamation plans to restore public land after oil and gas development (e.g., drilling operations) ceases. Specifically, the bill increases the amount of bond that oil and gas developers must provide prior to conducting surface-disturbing activities and requires such amounts to adjust every three years for inflation. In addition, the bill sets fees to cover the cost for inspection and enforcement with respect to such leases. The bill also requires the Department of the Interior and the Department of Agriculture (USDA) to establish uniform standards for all interim and final reclamation plans. Interior and USDA may not release any bond amounts until the standards have been met by oil and gas developers and the inspection fees have been paid. Finally, the bill gives the U.S. Fish and Wildlife Service the authority to obtain and retain adequate financial assurances (e.g., bonds) from nonfederal entities to repair potential damages to resources of the National Wildlife Refuge System prior to the commencement of activities related to mineral development, such as oil and gas operations.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 2 March 2021

    Introduced

    Introduced in House

    Source: IntroReferral

  2. 2 March 2021

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 2 March 2021

    Introduced

    Referred to the House Committee on Natural Resources.

    Source: IntroReferral

  4. 8 March 2021

    Referred

    Referred to the Subcommittee on Energy and Mineral Resources.

    Source: Committee

  5. 9 March 2021

    Committee

    Subcommittee Hearings Held.

    Source: Committee

  6. 5 May 2021

    Vote

    Ordered to be Reported by the Yeas and Nays: 23 - 15.

    Source: Committee

  7. 5 May 2021

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

  8. 5 May 2021

    Committee

    Subcommittee on Energy and Mineral Resources Discharged.

    Source: Committee

  9. 14 December 2022

    Reported

    Reported (Amended) by the Committee on Natural Resources. H. Rept. 117-629.

    Source: Committee

  10. 14 December 2022

    Reported

    Reported (Amended) by the Committee on Natural Resources. H. Rept. 117-629.

    Source: Committee

  11. 14 December 2022

    Calendars

    Placed on the Union Calendar, Calendar No. 453.

    Source: Calendars

Votes

No vote records are attached yet.

Versions

Documents

6 official files

Reported in House (text)

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  • Reported in House (text)

    Reported in House · EN · 14 December 2022

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  • Reported in House (PDF)

    Reported in House · EN · 14 December 2022

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  • Reported to House

    summary · EN · 14 December 2022

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  • Introduced in House (text)

    Introduced in House · EN · 2 March 2021

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  • Introduced in House (PDF)

    Introduced in House · EN · 2 March 2021

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  • Introduced in House

    summary · EN · 2 March 2021

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Sponsors

Related records

No cross-record relationships stored yet.

Sources

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