Bonding Reform and Taxpayer Protection Act of 2019
This bill revises bonding requirements for oil and gas development.
Specifically, the bill increases the amount of bond that oil and gas developers must provide prior to conducting surface-disturbing activities and requires such amounts to adjust every three years for inflation.
The bill also requires the Department of the Interior and the Department of Agriculture to establish uniform standards for all interim and final reclamation plans and not release any bond amounts until the standards have been met by oil and gas developers.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2019-09-24 | Committee | Subcommittee Hearings Held. | House committee actions |
| 2019-09-17 | Committee | Referred to the Subcommittee on Energy and Mineral Resources. | House committee actions |
| 2019-09-17 | IntroReferral | Referred to the House Committee on Natural Resources. | House floor actions |
| 2019-09-17 | IntroReferral | Introduced in House | Library of Congress |