H.R. 4346

Introduced

Bonding Reform and Taxpayer Protection Act of 2019

Introduced 9/17/2019•116th Congress•House

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Latest Action

Subcommittee Hearings Held.

9/24/2019 • House

Summary

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.

Introduced in House • 9/17/2019

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Topics & Subjects

Policy Area: Energy

Administrative law and regulatory proceduresDepartment of AgricultureDepartment of the InteriorEcologyEnvironmental healthHazardous wastes and toxic substancesHydrology and hydrographyLand use and conservationLicensing and registrationsOil and gasPollution liabilitySecuritiesWater qualityWildlife conservation and habitat protection