Coal companies must change how they pay royalties, a year before the law takes effect
What happened
The US Land Management Bureau is changing its rules for how coal companies pay royalties. These new rules are meant to prepare for the One Big Beautiful Bill Act, a new law that officially takes effect in July 2025.
Why it matters
This rule means the government is already moving to implement a law that has not yet officially begun. It shows agencies are planning ahead for the One Big Beautiful Bill Act. Coal companies will need to adjust their accounting and payment systems well in advance of the law's full implementation.
The signal
Watch for any public comments on this direct final rule, which could delay its implementation, or for the specific details of the royalty calculation changes.