For Immediate Release: Wesley Hunt’s Royalty Resiliency Act Passes Senate
September 11, 2024
Contact: Matthew Topolski, Communications Director
Washington, D.C. - Today, H.R. 7377- The Royalty Resiliency Act- passed the United States Senate, which provides much-needed financial relief to exploration and production companies that operate on federal lands.
The Energy Congressman of the World, Congressman Wesley Hunt, introduced the Royalty Resiliency Act earlier this year, which passed the United States House of Representatives on July 22nd with massive bi-partisan support.
"The Royalty Resiliency Act is a tremendous step in the right direction for America’s oil and gas industry to ensure their resources and capital are not tied up in administrative bureaucratic processes," said Rep. Hunt. "Once signed into law, this unleashed capital will be directed towards additional energy projects, additional employees, and invested back into the American economy thereby reducing energy prices.
"I am extraordinarily grateful to my colleagues in the Senate for the swift passage of my bill and I urge President Biden to sign this truly bi-partisan piece of legislation immediately."
New Mexico Democrat Congresswoman Teresa Leger Fernandez had glowing remarks about Wesley's Royalty Resiliency Act:
"Not many oil and gas bills make it through the Natural Resources Committee by unanimous consent to the floor on suspension. I commend [Representative Hunt] for working on this reasonable technical fix that has the support of the Biden Administration," said Congresswoman Leger Fernandez.
Rep. Hunt is grateful for Chairman Westerman, Senator Barrasso, and Senator Manchin for all of their support in crafting the most pro-oil and gas legislation that will be signed into law during the 118th Congress.
###