Sponsors (7)
The bill simplifies and consolidates payment‑timing rules and cleans up outdated cross‑references—making administration clearer—but risks short‑term revenue/timing uncertainty, could remove existing safeguards for royalty receipts, and imposes modest implementation costs on federal agencies.
State governments and federal payment administrators (Interior and agencies that process royalties) will have payment timing rules consolidated and outdated cross‑references removed, making statutory text simpler and reducing confusion about where to find payment and interest rules.
State and local governments may face short‑term transitional uncertainty about exact payment timing and interest calculations, which could disrupt revenue timing and accounting during implementation.
Deleting three sentences from §1735(f) could remove substantive procedural or timing safeguards that states or royalty payees relied on, potentially affecting the receipt, accounting, or protection of royalty payments.
The Department of the Treasury and Department of the Interior will incur administrative effort and implementation costs to update systems, guidance, and payment processes to reflect the new cross‑references and deleted text.
Based on analysis of 2 sections of legislative text.
Removes 30 U.S.C. § 191(b) and updates related statutes so payment-timing and interest rules are integrated into the remaining text and cross-references corrected.
Official title: Amend the Mineral Leasing Act to eliminate an administrative fee, and for other purposes.
Introduced February 6, 2025 by Steve Daines · Last progress February 6, 2025
Deletes a specific subsection of federal mineral revenue law and updates related statutes so payment timing and interest rules for States are folded into the remaining text. The bill makes conforming edits to three other mineral- and royalty-related statutes to remove references to the eliminated subsection and to delete three sentences that referenced it. The change does not create new spending or programs; it reorganizes and integrates payment-timing language in the existing Mineral Leasing Act framework and related laws so cross-references and internal paragraph numbering remain correct.