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H.R. 957, American Soda Ash Competitiveness Act (CBO Report for Congress)

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Congress 113th
Date Requested May 15, 2013
Requested By House Committee on Natural Resources
Date Sent July 11, 2013
Description:

As ordered reported by the House Committee on Natural Resources on May 15, 2013

H.R. 957 would require the Department of the Interior (DOI) to charge a 2 percent royalty on the value of soda ash and certain related minerals produced on federal lands for a five-year period following enactment of the bill. That rate would be lower than the average rate expected under current law, which is about 6 percent over that period. As a result, CBO estimates that implementing H.R. 957 would reduce net federal offsetting receipts from soda ash royalties by $80 million over the 2014-2018 period; therefore, pay-as-you-go procedures apply. Enacting H.R. 957 would not affect revenues.

H.R. 957 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act.

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