Sean Patrick Maloney: “the Maloney-Miller amendment would direct $1 million of the overall appropriation for the Minerals Management Service to…”

“the Maloney-Miller amendment would direct $1 million of the overall appropriation for the Minerals Management Service to States and tribes for auditing purposes. I understand that the majority will accept this amendment, and I want to thank Chairman Taylor and Ranking Member Dicks and their staff for their assistance and support. I also want to thank Representative George Miller for working with me to provide this critical funding to the States and tribes to perform these audits. According to data collected from MMS in previous years, the States and tribes collect $5 for every dollar spent on audits. I believe this amendment is an important step in ensuring that the companies responsible for remitting royalties from minerals produced from Federal and Indian leases do so in compliance with applicable lease terms, regulations, and policies governing the valuation of the produced minerals. At a time of increased values for gas and oil, States and tribes should be given more resources to ensure that royalty payments are paid in full. Mr. Chairman, I yield to the chairman of the committee, and hopefully he will support this amendment.”