Taxpayer Fairness for Resource Development Act of 2019

Summary

Taxpayer Fairness for Resource Development Act of 2019 This bill addresses royalties related to the development of federal energy resources. Among other things, 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 $5 and requires it to be adjusted every four years for inflation; and makes revisions to the charter of the Royalty Policy Committee, including to increase to six the number of members who are representatives of academia or the public.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 17 September 2019

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• Introduced in House (PDF)

  Introduced in House · EN · 17 September 2019

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• Introduced in House

  summary · EN · 17 September 2019

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