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H. Rept. 117-632 1 (2022-12-14)

handle is hein.congrecreports/crptxafad0001 and id is 1 raw text is: AUTHENTICATED U.GOVERNMENT INFORMATION . 117TH CONGRESS REPORT 2d Session HOUSE OF REPRESENTATIVES 117-632 ENDING TAXPAYER WELFARE FOR OIL AND GAS COMPANIES ACT OF 2021 DECEMBER 14, 2022.-Committed to the Committee of the Whole House on the State of the Union and ordered to be printed Mr. GRIJALVA, from the Committee on Natural Resources, submitted the following R E P O R T together with DISSENTING VIEWS [To accompany H.R. 1517] The Committee on Natural Resources, to whom was referred the bill (H.R. 1517) to amend the Mineral Leasing Act to make certain adjustments to the fiscal terms for fossil fuel development and to make other reforms to improve returns to taxpayers for the devel- opment of Federal energy resources, and for other purposes, having considered the same, reports favorably thereon with an amendment and recommends that the bill as amended do pass. The amendment is as follows: Strike all after the enacting clause and insert the following: SECTION 1. SHORT TITLE. This Act may be cited as the Ending Taxpayer Welfare for Oil and Gas Compa- nies Act of 2021. SEC. 2. TABLE OF CONTENTS. The table of contents for this Act is the following: Sec. 1. Short title. Sec. 2. Table of contents. Sec. 3. Onshore fossil fuel royalty rates. Sec. 4. Minimum bid amount. Sec. 5. Onshore oil and gas rental rates. Sec. 6. Inspection fee. Sec. 7. Penalties. Sec. 8. Royalty relief. Sec. 9. Royalty in kind. Sec. 10. Amendments to definitions. Sec. 11. Compliance reviews. Sec. 12. Liability for royalty payments. Sec. 13. Recordkeeping. Sec. 14. Adjustments and refunds. Sec. 15. Obligation period. 39-006