Sec. 8. Revision of Royalty Policy Committee charter
249 words·~1 min read·
/bill/116/hr/4364/ih/section-8A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Not later than one year after the date of enactment of this Act, or March 29, 2021, whichever is earlier, the Secretary of the Interior shall revise the charter of the Royalty Policy Committee (as signed on March 29, 2017) to— require that of the 6 members of such Committee who are representatives of the Governors of States, no more than 4 members may be representatives of Governors of the same political party; increase to 6 the number of members who are representatives of academia or the public, of whom— 2 members shall be representatives of academia; 2 members shall be representatives of public interest groups; and 2 members shall be representatives of nonprofit environmental groups; and require that for a person to be eligible to serve as a member who is a representative of a person who is a mineral stakeholder or energy stakeholder (or both) in Federal and Indian royalty policy, the employer of that member shall provide to the Secretary, who shall publish— for the preceding 10-year period— aggregated information on all Federal royalty payments made by the employer, by year and by commodity; conclusions from compliance reviews and audits conducted by Federal or State revenue collection entities; and a description of all enforcement actions taken against the employer regarding payment of Federal or State royalties; and records of— prices charged by the employer for sales of minerals to captive affiliates of the employer; and prices charged by such affiliates for subsequent resales of such minerals.