H.R. 10255
Raises penalties for federal oil, gas and mining violations
Raises the maximum fines companies face for violating federal oil, gas and mineral leasing laws, adds yearly inflation adjustments, and sends part of the new penalty money to places harmed by violations.
- Largest fine under the Mineral Leasing Act rises from $500,000 to $2,700,000, adjusted yearly for inflation
- Offshore drilling violations can draw up to $360,000 a day when life or the environment is threatened
- Oil and gas royalty penalties rise to between $3,000 and $320,000, depending on the violation
- A new fund sends half of the added penalty money to states and tribes harmed by the violations
In committee