U.S. Congress legislation · 119th Congress
HB2053: Stop Giving Big Oil Free Money Act
Status: In committee, March 11, 2025
To prohibit the Secretary of the Interior from issuing new oil or natural gas production leases in the Gulf of Mexico under the Outer Continental Shelf Lands Act to a person that does not renegotiate its existing leases in order to require royalty payments if oil and natural gas prices are greater than or equal to specified price thresholds, and for other purposes.
What the bill says
To prohibit the Secretary of the Interior from issuing new oil or natural gas production leases in the Gulf of Mexico under the Outer Continental Shelf Lands Act to a person that does not renegotiate its existing leases in order to require royalty payments if oil and natural gas prices are greater than or equal to specified price thresholds, and for other purposes.
From the introduced text, March 11, 2025:
A BILL To prohibit the Secretary of the Interior from issuing new oil or natural gas production leases in the Gulf of Mexico under the Outer Continental Shelf Lands Act to a person that does not renegotiate its existing leases in order to require royalty payments if oil and natural gas prices are greater than or equal to specified price thresholds, and for other purposes. SECTION 1. Short title This Act may be cited as the Stop Giving Big Oil Free Money Act . SECTION 2. Eligibility for new leases and the transfer of leases (a) Definitions In this (B) issued by the Secretary under section 304 of the Outer Continental Shelf Deep Water Royalty Relief Act ( 43 U.S.C. 1337 note; Public Law 104-58 ); and (C) not subject to limitations on royalty relief based on market price that are equal to or less than the price thresholds described in clauses (v) through (vii) of section 8(a)(3)(C) of the Outer Continental Shelf Lands Act ( 43 U.S.C. 1337(a)(3)(C) ). (2) Lessee The term lessee includes any person or other entity that controls, is controlled by, or is in or under common control with, a lessee. (3) Secretary The term Secretary means the Secretary of the Interior. (b) Issuance of New Leases (1) In general The Secretary shall not issue …
Sponsors
- Raul Grijalva (D, HD-AZ-7) · primary sponsor
Latest actions
- : Referred to the House Committee on Natural Resources.
- : Introduced in House
Subjects: Energy
Common questions
- What is HB2053?
- HB2053 is a bill in Congress (119th Congress): Stop Giving Big Oil Free Money Act.
- What does HB2053 do?
- In its own words: To prohibit the Secretary of the Interior from issuing new oil or natural gas production leases in the Gulf of Mexico under the Outer Continental Shelf Lands Act to a person that does not renegotiate its existing leases in order to require royalty payments if oil and natural gas prices are greater than or equal to specified price thresholds, and for other purposes.
- What is the status of HB2053?
- In committee as of March 11, 2025. Latest action: Referred to the House Committee on Natural Resources. (March 11, 2025).
- Who sponsored HB2053?
- Raul Grijalva (D, HD-AZ-7).
- Where is the official record for HB2053?
- On the Congress website: https://www.congress.gov/bill/119th-congress/house-bill/2053
Source: official Congress record. Tracked by Delilah, AI for legislation across all 50 states and Congress.