Fair Returns for Public Lands Act of 2021
Summary
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.
Bill status
in committee
1 of 4 stages cleared
Introduction
Mar 2021
Committee Review
Floor Vote
President
Introduced Mar 9, 2021
Last action Mar 9, 2021
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Mar 9, 2021
Committee
Read twice and referred to the Committee on Energy and Natural Resources.
upper
Mar 9, 2021
Introduced
Introduced in Senate
upper
1 primary · 2 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Jacky Rosen
DDemocratic
Co
Chuck Grassley
RRepublican
Co
John W. Hickenlooper
DDemocratic
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