HR 526 · in committee · significant
Declaration of Energy Independence Act
- economy
What this bill does
- This bill reduces royalty rates, minimum bids, and rental fees for oil and gas leases on federal lands.
- Oil and gas companies and the federal government are affected by changes to lease terms.
- The bill lowers royalty rates from 16.7% to 12.5% and minimum bids from $10 to $2 per acre immediately.
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Community Threads
Started by Cosponsor
- 01
How would lowering royalty rates from 16.7% to 12.5% affect federal revenue compared to current oil and gas lease income?
- 02
Which groups would benefit most from reducing minimum bid prices from $10 to $2 per acre, and what are the trade-offs?
- 03
What evidence supports the claim that lower lease rates on federal lands would increase energy independence rather than simply boost industry profits?
Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.
Sponsor · R-TN-5
Andrew Ogles
Citizen cosponsors
0
In Congress
8/ 435
House Reps cosponsoring
Introduced 2025-01-16
Joining the bill
Legislative timeline
2025-01-16 · house · IntroReferral
Referred to the House Committee on Natural Resources.
2025-01-16 · IntroReferral
Introduced in House
2025-01-16 · IntroReferral
Introduced in House
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