H.R. 2752 (112th): BLM Live Internet Auctions Act

112th Congress, 2011–2013. Text as of Jan 18, 2012 (Reported by House Committee).

Status & Summary | PDF | Source: GPO

IB

Union Calendar No. 252

112th CONGRESS

2d Session

H. R. 2752

[Report No. 112–371]

IN THE HOUSE OF REPRESENTATIVES

August 1, 2011

(for himself, Mr. Lamborn, Mr. Bishop of Utah, and Mr. Thornberry) introduced the following bill; which was referred to the Committee on Natural Resources

January 18, 2012

Additional sponsors: Mr. Broun of Georgia, Mr. Rivera, Mr. Flores, Mr. Landry, Mr. Brady of Texas, Mr. Duncan of South Carolina, Mr. Benishek, Mr. Gosar, Mr. Scott of South Carolina, and Mr. Heck

January 18, 2012

Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed

Strike out all after the enacting clause and insert the part printed in italic

For text of introduced bill, see copy of bill as introduced on August 1, 2011


A BILL

To amend the Mineral Leasing Act to authorize the Secretary of the Interior to conduct onshore oil and gas lease sales through Internet-based live lease sales, and for other purposes.


1.

Short title

This Act may be cited as the BLM Live Internet Auctions Act.

2.

Internet-based onshore oil and gas lease sales

(a)

Authorization

Section 17(b)(1) of the Mineral Leasing Act (30 U.S.C. 226(b)(1)) is amended—

(1)

in subparagraph (A), in the third sentence, by inserting , except as provided in subparagraph (C) after by oral bidding; and

(2)

by adding at the end the following:

(C)

In order to diversify and expand the Nation’s onshore leasing program to ensure the best return to the Federal taxpayer, reduce fraud, and secure the leasing process, the Secretary may conduct onshore lease sales through Internet-based bidding methods. Each individual Internet-based lease sale shall conclude within 7 days.

.

(b)

Report

Not later than 90 days after the tenth Internet-based lease sale conducted under the amendment made by subsection (a), the Secretary of the Interior shall analyze the first 10 such lease sales and report to Congress the findings of the analysis. The report shall include—

(1)

estimates on increases or decreases in such lease sales, compared to sales conducted by oral bidding, in—

(A)

the number of bidders;

(B)

the average amount of bid;

(C)

the highest amount bid; and

(D)

the lowest bid;

(2)

an estimate on the total cost or savings to the Department of the Interior as a result of such sales, compared to sales conducted by oral bidding; and

(3)

an evaluation of the demonstrated or expected effectiveness of different structures for lease sales which may provide an opportunity to better maximize bidder participation, ensure the highest return to the Federal taxpayers, minimize opportunities for fraud or collusion, and ensure the security and integrity of the leasing process.

January 18, 2012

Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed