June 5, 2012
As ordered reported by the House Committee on Natural Resources on May 16, 2012
H.R. 1192 would require the Department of the Interior (DOI) to charge a 2 percent royalty on the value of soda ash produced on federal lands through 2016. Under current law, CBO expects that the royalty rate would remain at 6 percent over that period. CBO estimates that implementing H.R. 1192 would reduce net federal offsetting receipts from soda ash royalties by $75 million over the 2013-2016 period; therefore, pay-as-you-go procedures apply. Enacting H.R. 1192 would not affect revenues.
H.R. 1192 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA).