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- H.R.3859
H.R.3859: Oil and Gas Leasing Inflation Adjustment Act
About This Bill
- Introduced Jan. 13, 2014
- Latest Major Action Jan. 15, 2014
Bill Sponsor
Bill Cosponsors
13 (12 Democrats, 1 Republican)
Bill Summary
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...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Jan. 15, 2014 |
Referred to the Subcommittee on Energy and Mineral Resources.
|
| Jan. 13, 2014 |
Referred to the House Committee on Natural Resources.
|
| Jan. 13, 2014 |
Introduced in the House by Alan Lowenthal (D-Calif.) |