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HR 2053119th CongressIntroduced
Stop Giving Big Oil Free Money Act
Introduced: Oct 28, 2025
Standard Summary
Comprehensive overview in 1-2 paragraphs
Requires oil/gas companies to renegotiate existing Gulf of Mexico leases with royalty payments at high prices to qualify for new leases.
Key Points
- 1Prohibits new Gulf of Mexico leases unless lessee renegotiates existing leases
- 2Requires royalty payments when oil/gas prices exceed specified thresholds
- 3Applies to lessees with covered leases issued 1996-2000 without price-based royalty limits
- 4Allows separate agreements for multiple lessees on same lease
- 5Extends requirements to lease transfers and economic benefit acquisitions
- 6Sets October 1, 2026 effective date for new price thresholds
Impact Areas
Offshore oil and gas leasingGulf of Mexico energy developmentFederal royalty revenueEnergy company lease negotiationsPublic lands and resource management
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