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S5688
Acquired Lands Revenue Modernization Act
Last scannedOct 19, 2026, 2:05 AM
In one sentence
This bill amends federal laws to increase the share of oil and gas leasing revenue that goes to states from lands acquired by the government.
What it does
- Amends the Mineral Leasing Act for Acquired Lands to change how revenue is distributed.
- Amends the Mineral Leasing Act to include specific types of leases, such as those under the Geothermal Steam Act of 1970 and the Mineral Leasing Act for Acquired Lands, in revenue calculations.
- Increases the state share of revenue from oil and gas leases on acquired lands.
- Updates legal references to align with current mineral leasing statutes.
Who it affects
- States that receive revenue from oil and gas leases on acquired federal lands.
- The federal government agencies that manage mineral leasing and revenue distribution.
Limits and unknowns
- The bill is currently in the Senate and has not been passed into law.
- The specific percentage increase in state revenue is not detailed in the provided text excerpt.
- The bill does not specify which states will benefit, only that it applies to states generally under the amended laws.
Plain language
Terms to know
- Acquired Lands
- Lands that the federal government has acquired, often through purchase or other legal means, rather than originally owned.
- Mineral Leasing Act
- A federal law that governs the leasing of minerals, including oil and gas, on public lands.
Official record
Sources
Official activity
Bill history
- Under authority of the order of the Senate of September 30, 2026, ordered read twice and referred to the Committee on Energy and Natural Resources.Senate
- Introduced in SenateLibrary of Congress