The proposed bill provided that the secretary of the interior will establish a royalty rate of from 8% to 15% of the value of locateable mineral production from any new mines on federal mineral lands. Mines in production on the date of the bill's enactment would not be subject to the royalty. In addition, a reclamation tax of from 0.3% to 1%, the rate set by the secretary of the interior, would be levied on all hardrock mining operations, new and existing, on federal, state, private, and tribal lands. The royalties and reclamation taxes would be used to reclaim abandoned hardrock mines.