,i  #aacth ,,congress  #b;d ,session    
,h4 ,r4 #chei  ,,in ,,the ,,house ,,of  
,,representatives  ,january #ac1        
#bjad,mr4 ,lowenthal 7for himself1 ,mr4 
,de,fazio1 and ,mr4 ,holt7 introduced   
the following bill2 which was referred  
to the ,committee on ,natural ,resources
  ,a ,,bill  ,to amend the ,mineral     
,leasing ,act to adjust minimum bids and
 annual rentals for oil and gas and tar 
sands leases to reflect inflation1 and  
for other purposes4  #a4 ,short title   
,this ,act may be cited as the ,oil and 
,gas ,leasing ,inflation ,adjustment    
,act4  #b4 adjustment of minimum bids   
and annual rentals for oil and gas and  
tar sands leases to reflect inflation   
7a7 ,in general ,section #ag of the     
,mineral ,leasing ,act 7#cj ,u4,s4,c4   
#bbf7 is amended-- 7#a7 in subsection   
7b77#a77;,b71 by striking #b per acre   
and inserting #d per acre2  7#b7 in     
subsection 7b77#b77;,c71 by striking #b 
per acre and inserting #e per acre2     
7#c7 in subsection 7d7-- 7,a7 by        

striking #a4ej per acre and inserting #c
 per acre2 and  7,b7 by striking #b per 
acre and inserting #d per acre2 and     
7#d7 by adding at the end the following3
  7q7 ,inflation adjustment  7#a7 ,in   
general ,the ,secretary shall-- 7,a7 by 
regulation1 at least once every #d      
years1 adjust each of the dollar amounts
 that applies under subsections         
7b77#a77;,b71 7b77#b77;,c71 and 7d7 by  
the cost-of-living adjustment2 and  7,b7
 publish each such regulation in the    
,federal ,register4  7#b7 ,definitions  
,in this subsection3 7,a7               
,cost-of-living adjustment ,the term    
cost-of-living adjustment means the     
percentage 7if any7 for a dollar amount 
by which-- 7i7 the ,consumer ,price     
,index for the month of ,june of the    
calendar year preceding the adjustment1 
exceeds  7ii7 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   
law4  7,b7 ,consumer ,price ,index ,the 

term ,consumer ,price ,index means the  
,consumer ,price ,index for all-urban   
consumers published by the ,department  
of ,labor4  4  7b7 ,conforming amendment
 ,section #ag7;b77#a77;,b7 of the       
,mineral ,leasing ,act 7#cj ,u4,s4,c4   
#bbf7;b77#a77;,b77 is amended beginning 
in the first sentence by striking for a 
period and all that follows through     
,thereafter1 the and inserting 4 ,the4