Loading…
S. 4410119th Congress
Official title: A bill to amend the Mineral Leasing Act to provide for the payment of bonus payments of certain coal leases issued under that Act.
Introduced:
Read the official bill on Congress.govThe plain-language version leads. The official text is always the reference.
S 4410 would let winning coal lease bidders pay their bonus in 10 yearly installments instead of all at once.
40-second read · 4 questions answered below
S 4410 would change how coal companies pay "bonus payments" for winning competitive federal coal leases. Instead of paying the full bonus upfront, companies could spread it over 10 equal yearly installments under a "deferred bonus payment" system, submitting the first installment with their bid.
The bill affects coal mining companies bidding on federal coal leases, the federal government's revenue collection process, and states and local communities that receive a share of federal coal leasing revenue.
Spreading payments over a decade could reduce the upfront financial burden on bidders, potentially encouraging more federal coal leasing activity. It would also change the timing of revenue received by the federal government, states, and local communities, which now would arrive over 10 years instead of immediately.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: a Senate committee is reviewing it. If the House changes it, it goes back to the Senate before reaching the President.
Latest action: — Committee on Energy and Natural Resources. Ordered to be reported without amendment favorably.