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.
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Summary
This bill would require the Secretary of the Interior to cancel all Federal oil and gas leases held by any entity that the Federal Trade Commission finds has coordinated with OPEC or OPEC-plus countries to manipulate oil or gas prices in violation of antitrust law. The bill also prohibits such entities from bidding on future Federal oil and gas leases. The provision applies only when the FTC issues a final order finding such market manipulation.
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How your representatives voted
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