BLM Live Internet Auctions Act

HB 2752 BLM Live Internet Auctions Act

US Congress 112th Congress

BLM Live Internet Auctions Act
HB-2752


About HB-2752

BLM Live Internet Auctions Act - Amends the Mineral Leasing Act to authorize the Secretary of the Interior to conduct onshore oil and gas lease sales through Internet-based bidding methods. Requires each individual Internet-based lease sale to be concluded within seven days. Directs the Secretary to analyze and report on the first 10 such lease sales, including estimates of:

  • (1) increases or decreases in such lease sales compared to sales conducted by oral bidding; and
  • (2) the total cost or savings to the Department of the Interior as a result of such sales, compared to sales conducted by oral bidding

Requires the report to evaluate 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.

  

Bill Texts

Introduced 01/19/2012

Introduced 08/04/2011

Weigh In

No votes yet!
Cast yours now to be the first.

Votes for: 0 Votes against: 0

Sponsors (14)

Sponsors by party

  

Bill Sponsors

History

Reported (amended) By The Committee On Natural Resources. H. Rept. 112-371.

01/18/2012

Placed On The Union Calendar, Calendar No. 252.

01/18/2012

Subcommittee On Energy And Mineral Resources Discharged.

10/05/2011

Committee Consideration And Mark-up Session Held.

10/05/2011

Ordered To Be Reported (amended) By Unanimous Consent.

10/05/2011

Subcommittee Hearings Held.

09/13/2011

Referred To The Subcommittee On Energy And Mineral Resources.

08/04/2011

Referred To The House Committee On Natural Resources.

08/01/2011