article: SECTION 1. SHORT TITLE. This Act may be cited as the ``Ensuring the Taxpayer a Fair Return for Federal Onshore Oil and Gas Resources Act of 2015''. SEC. 2. ADJUSTMENT OF MINIMUM BIDS AND ANNUAL RENTALS FOR OIL AND GAS AND TAR SANDS LEASES TO REFLECT INFLATION. (a) In General.--Section 17 of the Mineral Leasing Act (30 U.S.C. 226) is amended-- (1) in subsection (b)(1)(B), by striking ``$2 per acre'' and inserting ``$4 per acre''; (2) in subsection (b)(2)(C), by striking ``$2 per acre'' and inserting ``$5 per acre''; (3) in subsection (d)-- (A) by striking ``$1.50 per acre'' and inserting ``$3 per acre''; and (B) by striking ``$2 per acre'' and inserting ``$4 per acre''; and (4) by adding at the end the following: ``(q) Inflation Adjustment.-- ``(1) In general.--The Secretary shall-- ``(A) by regulation, at least once every 4 years, adjust each of the dollar amounts that applies under subsections (b)(1)(B), (b)(2)(C), and (d) by the cost- of-living adjustment; and ``(B) publish each such regulation in the Federal Register. ``(2) Definitions.--In this subsection: ``(A) Cost-of-living adjustment.--The term `cost- of-living adjustment' means the percentage (if any) for a dollar amount by which-- ``(i) the Consumer Price Index for the month of June of the calendar year preceding the adjustment, exceeds ``(ii) the Consumer Price Index for the month of June of the calendar year in which the dollar amount was last set or adjusted pursuant to law. ``(B) Consumer price index.--The term `Consumer Price Index' means the Consumer Price Index for all urban consumers published by the Department of Labor.''. (b) Conforming Amendment.--Section 17(b)(1)(B) of the Mineral Leasing Act (30 U.S.C. 226(b)(1)(B)) is amended beginning in the first sentence by striking ``for a period'' and all that follows through ``Thereafter, the'' and inserting ``. The''. SEC. 3. AMENDMENT OF ROYALTY RATES. (a) Royalty Rates.--Section 17 of the Mineral Leasing Act (30 U.S.C. 226) is amended-- (1) by striking ``12.5'' each place such term appears and inserting ``18.75''; and (2) by striking ``12\1/2\'' each place such term appears and inserting ``18.75''. (b) Application.--The amendments made by subsection (a) shall apply only to new leases issued on or after the date of enactment of this Act. SEC. 4. ON-SHORE FEDERAL OIL AND GAS ROYALTY SHARING. (a) In General.--Section 35 of the Mineral Leasing Act (30 U.S.C. 191) is amended-- (1) by striking ``Sec. 35. (a)'' and all that follows through ``50 per centum thereof'' and inserting the following: ``SEC. 35. ON-SHORE OIL AND GAS ROYALTY SHARING. ``(a) Royalty Sharing.-- ``(1) In general.--Of the amounts received by the United States from sales, bonuses, and royalties, including interest charges collected under the Federal Oil and Gas Royalty Management Act of 1982, and from rentals of the public lands in Alaska under the provisions of this Act and the Geothermal Steam Act of 1970-- ``(A) 33.33 percent shall be used as described in paragraph (2); and ``(B) the remainder shall be used as described in paragraph (3). ``(2) Distribution of 33.33 percent.-- ``(A) In general.--Of the amount referred to in paragraph (1)(A)-- ``(i) 30 percent, but not to exceed $50,000,000 per fiscal year, shall be transferred by the Secretary of the Treasury to the Bureau of Land Management for use for oil and gas inspection and enforcement; ``(ii) 15 percent, but not to exceed $25,000,000 per fiscal year, shall be available to the Secretary of the Interior to remediate, reclaim, and properly plug and abandon orphan oil and gas wells on Federal lands; ``(iii) 45 percent shall be paid by the Secretary of the Treasury to the State within the boundaries of which the leased land is located or the deposits were derived, for use by such State in accordance with paragraph (3); and ``(iv) the remainder shall be deposited into the Treasury as miscellaneous receipts. ``(B) Administration.--Amounts to be paid or available under clauses (i), (ii), and (iii) of subparagraph (A) shall-- ``(i) be available without further appropriation; and ``(ii) remain available until expended. ``(3) Distribution of remainder.--Of the amount referred to in paragraph (1)(B), and subject to subsection (b), 50 per centum thereof''; and (2) in subsection (a), by striking ``All moneys received'' and inserting the following: ``(4) General provisions.--All moneys received''. (b) Conforming Amendment.--Section 35(c)(1) of the Mineral Leasing Act (30 U.S.C. 191(c)(1)) is amended by striking ``the first sentence of''. (c) Limitations on Application.--The amendments made by subsection (a)-- (1) shall apply only to amounts received by the United States under new leases issued on or after the date of enactment of this Act; and (2) shall not affect the application of section 35(a) of the Mineral Leasing Act (30 U.S.C. 191(a)) to amounts received by the United States before the first fiscal year beginning after the date of the enactment of this Act.
summary: Ensuring the Taxpayer a Fair Return for Federal Onshore Oil and Gas Resources Act of 2015 This bill amends the Mineral Leasing Act to increase the minimum acceptable bids and rentals for leases of oil, natural gas, and tar sand on federal land. Minimum acceptable bids and rentals shall receive inflation adjustments once every four years. One-third of any amounts received by the United States from sales, bonuses, and royalties, including interest charges collected under the Federal Oil and Gas Royalty Management Act of 1982, and from rentals of the public lands in Alaska under the Mineral Leasing Act and the Geothermal Steam Act of 1970, shall be made available in specified percentages: for use for oil and gas inspection and enforcement; to remediate, reclaim, and properly plug and abandon orphan oil and gas wells on federal lands; and to the state within whose boundaries the leased land is located, or the deposits were derived, for state use in accordance with specified requirements.