Stop Giving Big Oil Free Money Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- Senate
- Sponsors
- 5
- Latest action
- Mar 13, 2025
What it does
The Stop Giving Big Oil Free Money Act would prohibit the Secretary of the Interior from issuing new oil or natural gas production leases in the Gulf of Mexico to any person who holds or benefits from an existing lease (issued under specific deep-water royalty relief provisions) unless that person renegotiates their existing lease to require royalty payments when oil and gas prices meet or exceed specified thresholds. The bill also blocks transfers of such leases unless the transferee has similarly renegotiated their leases or agreed with the Secretary to impose price-based royalty limitations. These provisions aim to ensure that companies benefiting from federal offshore leases pay…
AI summary · The lawmakers haven’t published an official summary of this bill yet, so 52 wrote this one 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.