[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[S. 154 Introduced in Senate (IS)]

114th CONGRESS
  1st Session
                                 S. 154

 To amend the Act of July 31, 1947, to provide for the termination of 
                  certain mineral materials contracts.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            January 13, 2015

 Mr. Heinrich introduced the following bill; which was read twice and 
       referred to the Committee on Energy and Natural Resources

_______________________________________________________________________

                                 A BILL


 
 To amend the Act of July 31, 1947, to provide for the termination of 
                  certain mineral materials contracts.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Mineral Materials Contracts 
Termination Act''.

SEC. 2. TERMINATION OF CERTAIN MINERAL CONTRACTS.

    Section 2 of the Act of July 31, 1947 (commonly known as the 
``Materials Act of 1947'') (30 U.S.C. 602) is amended by adding at the 
end the following:
    ``(b) Termination of Contract.--
            ``(1) In general.--If the holder of a valid mineral 
        materials contract entered into under this Act (referred to in 
        this subsection as the `contract') submits to the Secretary a 
        request to terminate the contract before production is 
        initiated under the contract and before any surface disturbance 
        has occurred under the contract, the Secretary may--
                    ``(A) terminate the contract; and
                    ``(B) return to the contract holder any bid deposit 
                and performance bond paid by the contract holder to the 
                Bureau of Land Management under the contract.
            ``(2) Acceptance of payment.--Acceptance of an amount 
        returned under paragraph (1)(B) by the contract holder shall 
        constitute--
                    ``(A) a full and final settlement of the contract; 
                and
                    ``(B) an agreement on the part of the contract 
                holder not to bring a civil action against the United 
                States with respect to the contract.''.
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