,i  #aad? ,,congress  #b;d ,session  ,h4
 ,r4 #dchi  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,janu>y #ac1 #bjaf    
,mr4 ,l[5?al 7= himself & ,mr4          
,grijalva7 introduc$ ! foll[+ bill2 :i* 
0 ref]r$ to ! ,committee on ,natural    
,res\rces  ,a ,,bill  ,to am5d ! ,m9]al 
,leas+ ,act to ensure fair returns =    
,f$]al on%ore oil & gas res\rces4  #a4  
,%ort ,title ,?is ,act may be cit$ z !  
,ensur+ ! ,taxpay] a ,fair ,return =    
,f$]al ,on%ore ,oil & ,gas ,res\rces    
,act ( #bjae4  #b4 ,adju/m5t ( m9imum   
bids & annual r5tals = oil & gas & t>   
s&s leases to reflect inflation  7a7 ,9 
g5]al ,section #ag ( ! ,m9]al ,leas+    
,act 7#cj ,u4,s4,c4 #bbf7 is am5d$--    
7#a7 9 subsection 7b77#a77;,b71 by /rik+
 #b p] acre & ins]t+ #d p] acre2  7#b7 9
 subsection 7b77#b77;,c71 by /rik+ #b p]
 acre & ins]t+ #e p] acre2  7#c7 9      
subsection 7d7-- 7,a7 by /rik+ #a4ej p] 
acre & ins]t+ #c p] acre2 &  7,b7 by    
/rik+ #b p] acre & ins]t+ #d p] acre2 & 
7#d7 by add+ at ! end ! foll[+3  7q7    

,inflation adju/m5t  7#a7 ,9 g5]al ,!   
,secret>y %all-- 7,a7 by regulation1 at 
lea/ once e #d ye>s1 adju/ ea* ( ! doll>
 am\nts t applies "u subsections        
7b77#a77;,b71 7b77#b77;,c71 & 7d7 by !  
co/-(-liv+ adju/m5t2 &  7,b7 publi% ea* 
su* regulation 9 ! ,f$]al ,regi/]4  7#b7
 ,def9itions ,9 ?is subsection3  7,a7   
,co/-(-liv+ adju/m5t ,! t]m co/-(-liv+  
adju/m5t means ! p]c5tage 7if any7 = a  
doll> am\nt by :i*-- 7i7 ! ,consum]     
,price ,index = ! mon? ( ,june ( !      
cal5d> ye> prec$+ ! adju/m5t1 exce$s    
7ii7 ! ,consum] ,price ,index = ! mon? (
 ,june ( ! cal5d> ye> 9 :i* ! doll>     
am\nt 0 la/ set or adju/$ pursuant to   
law4  7,b7 ,consum] ,price ,index ,! t]m
 ,consum] ,price ,index means ! ,consum]
 ,price ,index = all urban consum]s     
publi%$ by ! ,dep>tm5t ( ,labor4  4  7b7
 ,con=m+ am5dm5t ,section               
#ag7;b77#a77;,b7 ( ! ,m9]al ,leas+ ,act 
7#cj ,u4,s4,c4 #bbf7;b77#a77;,b77 is    
am5d$ beg9n+ 9 ! fir/ s5t5ce by /rik+ = 
a p]iod & all t foll[s ?r\gh ,!reaft]1 !

 & ins]t+ 4 ,!4  #c4 ,am5dm5t ( ,royalty
 ,rates  7a7 ,royalty ,rates ,section   
#ag ( ! ,m9]al ,leas+ ,act 7#cj         
,u4,s4,c4 #bbf7 is am5d$-- 7#a7 by /rik+
 #ab4e ea* place su* t]m appe>s & ins]t+
 #ah4ge2 &  7#b7 by /rik+ #aba_/b ea*   
place su* t]m appe>s & ins]t+ #ah4ge4   
7b7 ,application ,! am5dm5ts made by    
subsection 7a7 %all apply only to new   
leases issu$ on or aft] ! date (        
enactm5t ( ?is ,act4  #d4 ,on-%ore      
,f$]al oil & gas royalty %>+  7a7 ,9    
g5]al ,section #ce ( ! ,m9]al ,leas+    
,act 7#cj ,u4,s4,c4 #aia7 is am5d$--    
7#a7 by /rik+ ,sec4 #ce4 7a7 & all t    
foll[s ?r\gh #ej p] c5tum !re( & ins]t+ 
! foll[+3  #ce4 ,on-%ore oil & gas      
royalty %>+  7a7 ,royalty %>+  7#a7 ,9  
g5]al ,( ! am\nts receiv$ by ! ,unit$   
,/ates f sales1 bonuses1 & royalties1   
includ+ int]e/ *>ges collect$ "u !      
,f$]al ,oil & ,gas ,royalty ,managem5t  
,act ( #aihb1 & f r5tals ( ! public l&s 
9 ,alaska "u ! provisions ( ?is ,act & !
 ,geo!rmal ,/eam ,act ( #aigj--  7,a7   

#cc4cc p]c5t %all be us$ z describ$ 9   
p>agraph 7#b72 &  7,b7 ! rema9d] %all be
 us$ z describ$ 9 p>agraph 7#c74  7#b7  
,di/ribution ( #cc4cc p]c5t  7,a7 ,9    
g5]al ,( ! am\nt ref]r$ to 9 p>agraph   
7#a77;,a7-- 7i7 #cj p]c5t1 b n to exce$ 
#ej1jjj1jjj p] fiscal ye>1 %all be      
transf]r$ by ! ,secret>y ( ! ,treasury  
to ! ,bureau ( ,l& ,managem5t = use =   
oil & gas inspection & en=cem5t2  7ii7  
#ae p]c5t1 b n to exce$ #be1jjj1jjj p]  
fiscal ye>1 %all be available to !      
,secret>y ( ! ,int]ior to rem$iate1     
reclaim1 & prop]ly plug & ab&on orphan  
oil & gas wells on ,f$]al l&s2  7iii7   
#de p]c5t %all be paid by ! ,secret>y ( 
! ,treasury to ! ,/ate )9 ! b\nd>ies (  
:i* ! leas$ l& is locat$ or ! deposits 7
 d]iv$1 = use by su* ,/ate 9 accordance 
) p>agraph 7#c72 &  7iv7 ! rema9d] %all 
be deposit$ into ! ,treasury z          
miscellane\s receipts4  7,b7            
,adm9i/ration ,am\nts to be paid or     
available "u clauses 7i71 7ii71 & 7iii7 
( subp>agraph 7,a7 %all--  7i7 be       

available )\t fur!r appropriation2 &    
7ii7 rema9 available until exp5d$4  7#c7
 ,di/ribution ( rema9d] ,( ! am\nt      
ref]r$ to 9 p>agraph 7#a77;,b71 &       
subject to subsection 7b71 #ej p] c5tum 
!re(  2 &  7#b7 9 subsection 7a71 by    
/rik+ ,all moneys receiv$ & ins]t+ !    
foll[+3  7#d7 ,g5]al provisions ,all    
moneys receiv$  4  7b7 ,con=m+ am5dm5t  
,section #ce7;c77#a7 ( ! ,m9]al ,leas+  
,act 7#cj ,u4,s4,c4 #aia7;c77#a77 is    
am5d$ by /rik+ ! fir/ s5t5ce ( 4  7c7   
,limitations on application ,! am5dm5ts 
made by subsection 7a7-- 7#a7 %all apply
 only to am\nts receiv$ by ! ,unit$     
,/ates "u new leases issu$ on or aft] ! 
date ( enactm5t ( ?is ,act2 &  7#b7 %all
 n affect ! application ( section       
#ce7;a7 ( ! ,m9]al ,leas+ ,act 7#cj     
,u4,s4,c4 #aia7;a77 to am\nts receiv$ by
 ! ,unit$ ,/ates be=e ! fir/ fiscal ye> 
beg9n+ aft] ! date ( ! enactm5t ( ?is   
,act4