SB1622: End Speculative Oil and Gas Leasing Act of 2023
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
A bill to discourage speculative oil and gas leasing and to promote enhanced multiple use management of public land and National Forest System land, and for other purposes.
Plain-language summary
This bill aims to discourage oil and gas companies from bidding on leases for drilling rights on public lands and national forests without firm plans to actually develop those resources. The bill would change how the federal government manages public lands by promoting broader uses beyond just oil and gas extraction. 'Speculative leasing' means companies bid for drilling rights they may never use, potentially blocking other uses of the land. The bill was introduced by Senator Catherine Cortez Masto and is currently in the early stage of the legislative process.
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SB1622: End Speculative Oil and Gas Leasing Act of 2023