A bill to amend the Mineral Leasing Act to repeal a provision relating to the suspension, waiver, or reduction of rents or royalties by the Secretary of the Interior to promote development or operation, to amend the Outer Continental Shelf Lands Act to limit the authority of the Secretary to reduce or eliminate certain royalties and net profit shares, and for other purposes.

2/8/2022, 11:54 PM

Congressional Summary of S 3488

This bill prohibits the Department of the Interior from suspending, waiving, or reducing rents or royalties that the government receives for the production of certain mineral resources (e.g., fossil fuel) on leased public land, including royalties or net profit shares received from oil and gas exploration on the Outer Continental Shelf.

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Current Status of Bill S 3488

Bill S 3488 is currently in the status of Bill Introduced since March 12, 2020. Bill S 3488 was introduced during Congress 116 and was introduced to the Senate on March 12, 2020. Bill S 3488's most recent activity was Read twice and referred to the Committee on Energy and Natural Resources. as of March 12, 2020

Bipartisan Support of Bill S 3488

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 3488

Primary Policy Focus

Energy

Potential Impact Areas

- Energy revenues and royalties

- Marine and coastal resources, fisheries

- Mining

- Oil and gas

Alternate Title(s) of Bill S 3488

A bill to amend the Mineral Leasing Act to repeal a provision relating to the suspension, waiver, or reduction of rents or royalties by the Secretary of the Interior to promote development or operation, to amend the Outer Continental Shelf Lands Act to limit the authority of the Secretary to reduce or eliminate certain royalties and net profit shares, and for other purposes.