Stop Giving Big Oil Free Money Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsor
- 1
- Latest action
- Mar 11, 2025
What it does
The bill would prohibit the Secretary of the Interior from issuing new oil or natural gas leases in the Gulf of Mexico to any entity that holds or benefits from existing leases issued under the Outer Continental Shelf Deep Water Royalty Relief Act unless those existing leases are renegotiated to require royalty payments when oil and gas prices meet or exceed specified thresholds. It also blocks transfers of such leases unless the transferee has similarly renegotiated their leases or agreed with the Secretary to apply price-based royalty limitations. The bill further directs the Secretary to amend certain leases issued between 1996 and 2000 to incorporate these price thresholds, effective…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
Reporting that may mention this subject. Possible matches are labeled.
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Where it goes next
While a bill can still move, the questions are about people and money.