A bill to amend the Mineral Leasing Act to provide for the payment of bonus payments of certain coal leases issued under that Act.
Committee on Energy and Natural Resources Subcommittee on Public Lands, Forests, and Mining. Hearings held.
Summary
The bill changes the Mineral Leasing Act so that some coal leases on public lands must include an upfront bonus payment. It would affect companies that lease coal resources from the federal government and could increase revenue for the Treasury. The change is intended to ensure that the government receives a fair initial payment for the use of its mineral resources.
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