Federal RuleAug 21
62
DOL Rewrites Disability Rules for 'Merit-Based Opportunity' Push
RuleLabor DepartmentFederal Contract Compliance Programs OfficeSignificant Wallet
119-hr-7872119th Congress
To amend the Mineral Leasing Act to provide for the payment of bonus payments of certain coal leases issued under that Act.
Sponsored By: Representative Hageman, Harriet M. [R-WY-At Large]
In Committee
Summary
Requires deferred mineral-lease bonuses to be paid in 10 equal annual installments. This bill would amend the Mineral Leasing Act so that a lease issued under a deferred bonus system must have the bonus split into ten equal yearly payments, with the first installment submitted alongside the bid and the remaining nine paid annually. The change affects companies bidding on federal mineral leases by shifting payment timing and spreading cash outflows over a decade.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Deferred coal lease bonus payments
This bill would require bonus payments for a coal lease issued under a deferred-payment system to be paid in 10 equal annual installments. The first installment would be submitted with the bid for the lease. If enacted, this rule would take effect upon enactment and apply only to leases using deferred bonus schedules.
Sponsors & CoSponsors
Sponsor
Hageman, Harriet M. [R-WY-At Large]
WY • R
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov