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S. 5688Senate119th Congress (2025-2027)In Committee

Acquired Lands Revenue Modernization Act

A bill to amend the Mineral Leasing Act for Acquired Lands and the Mineral Leasing Act to increase the State share of oil and gas leasing revenue from acquired lands, and for other purposes.

Sponsored by Bernie MorenoSen. Bernie Moreno (R-OH)
Introduced October 15, 2026

AI-Generated Summary

Updated October 17, 2026 at 3:21 AM UTC

The Acquired Lands Revenue Modernization Act changes the Mineral Leasing Act to raise the portion of oil and gas lease revenue that goes to states for lands the federal government has acquired. By revising how receipts are handled, the bill aims to give states a larger share of the money generated from leasing these lands.

Key Provisions

  • Amends the Mineral Leasing Act for Acquired Lands to remove language that limits how lease receipts are treated and instead ties those receipts directly to the broader revenue‑sharing rules in Section 35 of the Mineral Leasing Act.
  • Updates Section 35 of the Mineral Leasing Act to clarify that rentals and oil and gas leases on acquired lands are included in the revenue‑sharing calculations, ensuring those lease payments count toward the state’s share.

Legislative Activity

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SenateIntro Referral Latest Action

Read twice and referred to the Committee on Energy and Natural Resources under authority of the order of the Senate of 09/30/2026.

Energy and Natural Resources Committee

October 15, 2026

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SenateIntro Referral

Introduced in Senate

October 15, 2026

SenateIntro Referral

Read twice and referred to the Committee on Energy and Natural Resources under authority of the order of the Senate of 09/30/2026.

Energy and Natural Resources Committee

October 15, 2026

Bill Text

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Introduced in SenateIssued October 15, 2026

II

119th CONGRESS

2d Session

S. 5688

IN THE SENATE OF THE UNITED STATES

October 15, 2026

Mr. Moreno, under authority of the order of the Senate of September 30, 2026, introduced the following bill; which was ordered read twice and referred to the Committee on Energy and Natural Resources

A BILL

To amend the Mineral Leasing Act for Acquired Lands and the Mineral Leasing Act to increase the State share of oil and gas leasing revenue from acquired lands, and for other purposes.

1.

Short title

This Act may be cited as the Acquired Lands Revenue Modernization Act.

2.

Disposition of receipts from oil and gas leases of acquired lands

(a)

Mineral Leasing Act for Acquired Lands

Section 6(a) of the Mineral Leasing Act for Acquired Lands (30 U.S.C. 355(a)) is amended, in the first sentence—

(1)

by striking Subject to the provisions of section 35(b) of the Mineral Leasing Act (30 U.S.C. 191(b)), all and inserting All; and

(2)

by striking for other receipts and all that follows through such lands and inserting in section 35 of the Mineral Leasing Act (30 U.S.C. 191).

(b)

Mineral Leasing Act

Section 35(a) of the Mineral Leasing Act (30 U.S.C. 191(a)) is amended, in the first sentence—

(1)

by striking , and rentals and inserting (30 U.S.C. 1701 et seq.), rentals; and

(2)

by inserting (30 U.S.C. 1001 et seq.), and oil and gas leases under the Mineral Leasing Act for Acquired Lands (30 U.S.C. 351 et seq.) after Geothermal Steam Act of 1970.