This bill — sponsored by Rep. Barragán [D-CA-44] — aims 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. It states that 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. It was introduced and referred to the House Committee on Natural Resources.

H.R.9118

This bill — sponsored by Rep. Barragán [D-CA-44] — aims 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. It states that 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. It was introduced and referred to the House Committee on Natural Resources.

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