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119-s-5688119th Congress

Acquired Lands Revenue Modernization Act

Sponsored By: Senator Moreno, Bernie [R-OH]

Introduced

Summary

The Acquired Lands Revenue Modernization Act would expand the State share of oil and gas leasing revenue from lands acquired under the Mineral Leasing Act by changing which lease receipts are counted and by tying those receipts explicitly to broader statutory authorities.

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  • States would get a broader statutory basis to claim receipts from oil and gas leases on acquired lands. The bill moves disposition of those receipts to Section 35 of the Mineral Leasing Act and explicitly includes rentals and acquired-lands oil and gas lease receipts in that distribution framework.
  • The bill would align receipt categories with related statutes by citing 30 U.S.C. 1701 et seq., 30 U.S.C. 1001 et seq., and the Mineral Leasing Act for Acquired Lands (30 U.S.C. 351 et seq.). That creates a clearer cross reference for which receipts are treated as distributable.
  • The text would remove qualifying language and replace it with plain terms such as "All." That change simplifies the statutory wording that determines which receipts fall under the state-share rules.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Moreno, Bernie [R-OH]

OH • R

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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