Bonding Reform and Taxpayer Protection Act of 2019
Subcommittee Hearings Held.
Congressional Research Service
Official summary
Version 00 · Introduced in House · Sep 17, 2019
Bonding Reform and Taxpayer Protection Act of 2019
This bill revises bonding requirements for oil and gas development.
Specifically, the bill increases the amount of bond that oil and gas developers must provide prior to conducting surface-disturbing activities and requires such amounts to adjust every three years for inflation.
The bill also requires the Department of the Interior and the Department of Agriculture to establish uniform standards for all interim and final reclamation plans and not release any bond amounts until the standards have been met by oil and gas developers.
Source last updated: Apr 7, 2025. Consult Congress.gov for the current record.
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