H.R. 1517 — Ending Taxpayer Welfare for Oil and Gas Companies Act of 2021

Summary

Ending Taxpayer Welfare for Oil and Gas Companies Act of 2021

This bill addresses royalties related to the development of federal energy resources.

Among other requirements, 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 $10 and requires it to be adjusted every four years for inflation; and
increases inspection fees and penalties on oil and gas operators.

2021-03-02
Introduced in House
2021-03-02
Introduced in House
2021-03-02
Referred to the House Committee on Natural Resources.
2021-03-08
Referred to the Subcommittee on Energy and Mineral Resources.
2021-03-09
Subcommittee Hearings Held.
2021-05-05
Subcommittee on Energy and Mineral Resources Discharged.
2021-05-05
Committee Consideration and Mark-up Session Held.
2021-05-05
Ordered to be Reported by the Yeas and Nays: 23 - 14.
2022-12-14
Reported (Amended) by the Committee on Natural Resources. H. Rept. 117-632.
2022-12-14
Reported (Amended) by the Committee on Natural Resources. H. Rept. 117-632.
2022-12-14
Placed on the Union Calendar, Calendar No. 455.