; but (2) shall submit to the Secretary a list of leases for which the leaseholder is requesting an extension or suspension. (d) Duration (1) In general Subject to paragraph (2), the Secretary shall determine the duration of an extension or suspension granted under subsection (a). (2) Requirement The duration of an extension or suspension determined by the Secretary under paragraph (1) shall be at least 1 year, unless the leaseholder requests a shorter duration. 7. Royalty reduction for onshore and offshore leases (a) In general Notwithstanding any other provision of law and subject to subsection (c), the Secretary of the Interior (referred to in this section as the Secretary ) shall reduce the royalty rate for payments due and payable to the United States from oil, gas, minerals, coal, or trona produced under a lease held under the Mineral Leasing Act ( 30 U.S.C. 181 et seq.), the Naval Petroleum Reserves Production Act of 1976 ( 42 U.S.C. 6501 et seq.), or the Outer Continental Shelf Lands Act ( 43 U.S.C. 1331 et seq.) for a period of not more than 180 days. (b) Extension The Secretary may grant an extension of the 180-day period described in subsection (a) if determined appropriate by the Secretary. (c) Requirement A royalty reduction granted under subsection (a) shall only be effective if the Secretary grants the royalty reduction during the period of the national emergency declared by the President under the National Emergencies Act ( 50 U.S.C. 1601 et seq.) with respect to the Coronavirus Disease 2019 (COVID–19). 8. Delayed implementation of valuation The Secretary of the Interior shall delay the effective date by which compliance is required with the final rule entitled Consolidated Federal Oil & Gas and Federal & Indian Coal Valuation Reform (81 Fed. Reg. 43338 (July 1, 2016)) until July 1, 2022.