; 17 Stat. 91). 403. Definitions In this title: (1) Federal land The term Federal land means— (A) National Forest System land; (B) public lands (as defined in section 103 of the Federal Land Policy and Management Act of 1976 ( 43 U.S.C. 1702 )); (C) the outer Continental Shelf (as defined in section 2 of the Outer Continental Shelf Lands Act ( 43 U.S.C. 1331 )); and (D) land managed by the Secretary of Energy. (2) President The term President means— (A) the President; and (B) any designee of the President, including— (i) the Secretary of Agriculture; (ii) the Secretary of Commerce; (iii) the Secretary of Energy; and (iv) the Secretary of the Interior. (3) Previously undiscovered deposit The term previously undiscovered mineral deposit means— (A) a mineral deposit that has been previously evaluated by the United States Geological Survey and found to be of low mineral potential, but upon subsequent evaluation is determined by the United States Geological Survey to have significant mineral potential, or (B) a mineral deposit that has not previously been evaluated by the United States Geological Survey. (4) Secretary The term Secretary means the Secretary of the Interior. V Ensuring competitiveness on Federal lands 501. Incentivizing domestic production (a) Offshore oil and gas royalty rate Section 8(a)(1) of the Outer Continental Shelf Lands Act ( 43 U.S.C. 1337(a)(1) ) is amended— (1) in subparagraph (A), by striking not less than 16 2/3 percent, but not more than 18 3/4 percent, during the 10-year period beginning on the date of enactment of the Act titled An Act to provide for reconciliation pursuant to title II of S. Con. Res. 14 , and not less than 16 2/3 percent thereafter, each place it appears and inserting not less than 12.5 percent