[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9118 Introduced in House (IH)]

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118th CONGRESS
  2d Session
                                H. R. 9118

 To cancel Federal oil and gas leases held by entities that manipulate 
the market price of oil or gas in violation of certain Federal law, and 
                          for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 24, 2024

  Ms. Barragan (for herself, Mr. Grijalva, Ms. Tlaib, Ms. Norton, Mr. 
     Carson, Ms. Titus, Ms. Ocasio-Cortez, Mr. Mullin, Ms. Lee of 
California, Ms. Omar, Mrs. Watson Coleman, and Mr. Huffman) introduced 
  the following bill; which was referred to the Committee on Natural 
                               Resources

_______________________________________________________________________

                                 A BILL


 
 To cancel Federal oil and gas leases held by entities that manipulate 
the market price of oil or gas in violation of certain Federal law, and 
                          for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. CANCELLATION OF OIL AND GAS LEASES HELD BY ENTITIES THAT 
              MANIPULATE THE MARKET PRICE OF OIL OR GAS IN VIOLATION OF 
              CERTAIN FEDERAL LAW.

    (a) Finding by the Federal Trade Commission.--If the Federal Trade 
Commission issues a final order that finds that a person that holds a 
Federal oil and gas lease coordinated with an OPEC country or an OPEC 
plus country to manipulate the market price of oil or gas in violation 
of section 1 of the Sherman Act (15 U.S.C. 1) or the Clayton Act (15 
U.S.C. 12 et seq.)--
            (1) the Secretary of the Interior shall, to the extent 
        allowable by law--
                    (A) cancel each Federal oil and gas lease held by 
                such person; and
                    (B) not renew or extend any Federal oil and gas 
                lease held by such person; and
            (2) such person may not bid on any Federal oil and gas 
        lease beginning on the date on which the Federal Trade 
        Commission issues such final order.
    (b) Definitions.--In this section:
            (1) Federal mineral leasing law.--The term ``Federal 
        mineral leasing law'' means any Federal law administered by the 
        Secretary of the Interior authorizing the disposition under 
        lease of oil or gas.
            (2) Federal oil and gas lease.--The term ``Federal oil and 
        gas lease'' means an oil and gas lease issued by the Secretary 
        of the Interior under any of the Federal mineral leasing laws.
            (3) OPEC country.--The term ``OPEC country'' means Algeria, 
        Congo, Equatorial Guinea, Gabon, Iran, Kuwait, Libya, Nigeria, 
        Saudi Arabia, United Arab Emirates, or Venezuela.
            (4) OPEC plus country.--The term ``OPEC plus country'' 
        means Azerbaijan, Bahrain, Brunei, Kazakhstan, Malaysia, 
        Mexico, Oman, Russia, South Sudan, or Sudan.
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