To amend the Federal Oil and Gas Royalty Management Act of 1982 to require that any settlement, by an alternative means of dispute resolution, of a claim against the United States for payment of royalties under that Act for an amount greater than $2,000,000 shall not be effective unless approved by the Secretary of the Interior.
Royalty Settlement Reform Act of 1997 - Amends the Federal Oil and Gas Royalty Management Act of 1982 to require the Secretary of the Interior's approval for any settlement by an alternative means of dispute resolution of certain claims against the United States for payment of royalties under which the absolute value of the sum of all individual claims covered by the settlement exceeds $2 million.
Introduced in House
Introduced in House
Referred to the House Committee on Resources.
Referred to the Subcommittee on Energy and Mineral Resources.
Executive Comment Requested from Interior.
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