; (3) in subparagraph (F), 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, and inserting not less than 12.5 percent ; and (4) in subparagraph (H), 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, and inserting not less than 12.5 percent . (b) Mineral leasing act (1) Onshore oil and gas royalty rates Section 17 of the Mineral Leasing Act ( 30 U.S.C. 226 ) is amended— (A) in subsection (b)(1)(A)— (i) by striking not less than 16 2/3 and inserting not less than 12.5 ; and (ii) by striking or, in the case of a lease issued 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 , 16 2/3 percent in amount or value of the production removed or sold from the lease ; and (B) by striking 16 2/3 percent each place it appears and inserting 12.5 percent . (2) Oil and gas minimum bid Section 17(b) of the Mineral Leasing Act ( 30 U.S.C. 226(b) ) is amended— (A) in paragraph (1)(B), by striking $10 per acre 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 inserting $2 per acre for a period of 2 years from the date of enactment of the Federal Onshore Oil and Gas Leasing Reform Act of 1987.