Sec. 7. Royalty reduction for onshore and offshore leases
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Notwithstanding any other provision of law and subject to subsection (c), the Secretary of the Interior (referred to in this section as the Secretary ) shall reduce the royalty rate for payments due and payable to the United States from oil, gas, minerals, coal, or trona produced under a lease held under the Mineral Leasing Act ( 30 U.S.C. 181 et seq.), the Naval Petroleum Reserves Production Act of 1976 ( 42 U.S.C. 6501 et seq.), or the Outer Continental Shelf Lands Act ( 43 U.S.C. 1331 et seq.) for a period of not more than 180 days. The Secretary may grant an extension of the 180-day period described in subsection
(a)if determined appropriate by the Secretary. A royalty reduction granted under subsection
(a)shall only be effective if the Secretary grants the royalty reduction during the period of the national emergency declared by the President under the National Emergencies Act ( 50 U.S.C. 1601 et seq.) with respect to the Coronavirus Disease 2019 (COVID–19).
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Sec. 7
Royalty reduction for onshore and offshore leases
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