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118-hr-9118Committee
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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

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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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Bill details

Congress
118
Bill type
hr
Introduced
July 24, 2024
Sponsor
Not yet available
Last action
July 24, 2024— Referred to the House Committee on Natural Resources.

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