H. R. 2752
IN THE HOUSE OF REPRESENTATIVES
August 1, 2011
Mr. Johnson of Ohio (for himself, Mr. Lamborn, Mr. Bishop of Utah, and Mr. Thornberry) introduced the following bill; which was referred to the Committee on Natural Resources
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.
This Act may be cited as the
BLM Live Internet Auctions
Internet-based onshore oil and gas lease sales
Section 17(b)(1) of the Mineral Leasing Act (30 U.S.C. 226(b)(1) is amended—
(A), in the third sentence, by inserting
, except as provided in
subparagraph (C) after
by oral bidding; and
by adding at the end the following:
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 live bidding methods.
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—
estimates on increases or decreases in such lease sales, compared to sales conducted by oral bidding, in—
the number of bidders;
the average amount of bid;
the highest amount bid; and
the lowest bid; and
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.