McCarthy, Cook, and Garcia Applaud Interior Action to Streamline U.S. Royalty Rates Setting
Today, Representatives Kevin McCarthy, Paul Cook (CA-08), and Mike Garcia (CA-25) released the following statement after the U.S. Department of the Interior finalized a rule that allows the Bureau of Land Management (BLM) to adjust the U.S. royalty rates for non-energy solid minerals to be more responsive to economic conditions and global competition:
“We want to commend President Trump and Interior Secretary Bernhardt for taking long-awaited action today to cut through red tape and bureaucracy to help ensure the U.S. minerals development industry remains robust. Granting BLM the authority to expeditiously adjust royalty rates for solid, non-energy minerals in order to compete in the global economy is critical. Soda ash producers, like those here in California, create hundreds of jobs directly and indirectly for our constituents and often face unfair competition from foreign companies that are state subsidized.
“The BLM should be able to streamline the process to adjust royalty rates based on economic conditions to maximize responsible resources development, and this new regulation will help to ensure that our American producers of soda ash and other minerals are not at a disadvantage. Markets are constantly evolving, and this rule will help American producers remain competitive globally and bolster local economies.”