A bill to provide for the payment of interest on certain lease revenues paid to the Secretary of the Interior, to eliminate certain unnecessary reporting requirements, and for other purposes.

Requires the Secretary of the Interior to pay interest on the refund of any monies that were paid to the Secretary as mineral revenues and that were determined not to be owing to the United States or to certain distributees. Sets guidelines for interest computation and for premature refunds.

Amends the Outer Continental Shelf Lands Act to repeal the requirement that refunds or credits of overpayments on leases be reported to the Congress for a 30-day review period.