COMPETES Act
1/1/2023, 11:49 PMCongressional Summary of S 2962
Competitive Onshore Mineral Policy via Eliminating Taxpayer-Enabled Speculation Act or the COMPETES Act
This bill revises the process of leasing public land for oil and gas development. For example, it requires the Bureau of Land Management (BLM) to issue all onshore oil and gas leasing through a competitive bidding process.
Further, the BLM must ensure the receipt by the United States of fair market value for any land or resources leased and any rights covered by the United States.
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Current Status of Bill S 2962
Bill S 2962 is currently in the status of Bill Introduced since October 7, 2021. Bill S 2962 was introduced during Congress 117 and was introduced to the Senate on October 7, 2021. Bill S 2962's most recent activity was Read twice and referred to the Committee on Energy and Natural Resources. as of October 7, 2021Bipartisan Support of Bill S 2962
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
2Democrat Cosponsors
2Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 2962
Primary Policy Focus
EnergyAlternate Title(s) of Bill S 2962
A bill to amend the Mineral Leasing Act to ensure market competition in onshore oil and gas leasing, and for other purposes.COMPETES ActCOMPETES ActCompetitive Onshore Mineral Policy via Eliminating Taxpayer-Enabled Speculation ActComments
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Sponsors and Cosponsors of S 2962
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