H.R. 5240, The Equitable Mineral Lease Revenue Sharing Restoration Act

• This item is from the 110th Congress (2007-2008) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.

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H.R. 5240 would restore equitable sharing with affected States of revenues from onshore Federal mineral leases.

Detailed Summary

Equitable Mineral Lease Revenue Sharing Restoration Act - Amends the Department of the Interior, Environment, and Related Agencies Appropriations Act, 2008, to repeal the requirement that the Secretary of the Interior deduct 2% from the amount payable to each state in FY2008, and deposit such amount to miscellaneous receipts of the Treasury.

Status of the Legislation

Latest Major Action: 2/8/2008: Referred to House subcommittee. Status: Referred to the Subcommittee on Energy and Mineral Resources.

Points in Favor

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Points Against

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