H.R. 526: Declaration of Energy Independence Act

H.R. 526 is a federal bill in the 119th Congress. Currently, oil and gas companies pay a royalty rate of 16 2/3% on the oil and gas they produce from federal lands. This bill would reduce that rate to 12 1/2%. Additionally, the minimum bid to lease federal land for oil and gas development, which is… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.