Wyo delegation introduces bill to protect mineral royalties rightfully owed to states
June 1, 2017
U.S. Senators Mike Enzi and John Barrasso, and Representative Liz Cheney, all R-Wyo., introduced legislation today that would allow states to collect their own federal mineral royalties, protecting money that is rightfully owed to the states. The bill would effectively eliminate a collection fee charged by the federal government, which amounts to around $40 million per year.
“Mineral royalties are supposed to be split 50-50, but by charging an unfair collection fee, the federal government is squeezing the states for more dollars to pad its own coffers,” Enzi said. “By empowering state...