US Congress House Bill 3859 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Democrat 13-0)
Status: Introduced on January 13 2014 - 25% progression, died in committee
Action: 2014-01-15 - Referred to the Subcommittee on Energy and Mineral Resources.
Pending: House Subcommittee on Energy and Mineral Resources Committee
Text: Latest bill text (Introduced) [PDF]

Oil and Gas Leasing Inflation Adjustment Act - Amends the Mineral Leasing Act to increase from $2 per acre to $4 per acre the national minimum acceptable bid for oil and gas leases. Increases from $2 per acre to $5 per acre the minimum acceptable bid for a tar sand lease. Increases the annual rental of a lease from $1.50 per acre to $3 per acre for the first through the fifth year of the lease. Increases the annual lease rental from $2 per acre to $4 per acre for each year after such fifth year. Directs the Secretary of the Interior to make a cost-of-living adjustment of such dollar amounts at least once every four years and to publish each one in the Federal Register.

Oil and Gas Leasing Inflation Adjustment Act

Rep. Alan Lowenthal [D-CA]	Rep. Tony Cardenas [D-CA]	Rep. Matthew Cartwright [D-PA]	Rep. Judy Chu [D-CA]
Rep. Peter DeFazio [D-OR]	Rep. Raul Grijalva [D-AZ]	Rep. Colleen Hanabusa [D-HI]	Rep. Rush Holt [D-NJ]
Rep. Jared Huffman [D-CA]	Rep. Mark Pocan [D-WI]	Rep. Carol Shea-Porter [D-NH]	Rep. Niki Tsongas [D-MA]
Rep. Henry Waxman [D-CA]

Date	Chamber	Action
2014-01-15	House	Referred to the Subcommittee on Energy and Mineral Resources.
2014-01-13	House	Referred to the House Committee on Natural Resources.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/house-bill/3859/all-info
Text	https://www.congress.gov/113/bills/hr3859/BILLS-113hr3859ih.pdf