Bill · H.R. 678· House(119-HR-678)
Expression of Interest Sensibility Act
- Introduced
- 1/23/2025
- Last activity
- 1/23/2025 — Referred to the House Committee on Natural Resources.
- Sponsored by
- Harriet Hageman
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
This bill, known as the "Expression of Interest Sensibility Act," seeks to amend the Mineral Leasing Act. The primary goal is to improve how expression of interest fees are assessed. It changes the process for when a person submits an expression of interest for oil or gas exploration and development. The legislation adjusts how fees are collected during lease sales. It also establishes specific terms for how long an expression of interest remains active.
Yes
Does this make the government pay for what it commits to?+3
The bill clarifies how the Secretary assesses fees for expressions of interest during lease sales.
Does this make what the government does easier for the public to see?+2
The bill clarifies the timing and assessment of fees related to expressions of interest.
Would people in rural areas be better off under this?+1
The bill regulates the process for oil and gas development which often impacts rural land.
The opposite
Would business owners be better off under this?-2
The bill imposes mandatory fees on expression of interest submitters if no bids are received during a lease sale.
Does this reduce how much oil, gas and coal is produced?-1
The bill facilitates oil and gas exploration by establishing terms for expressions of interest.
Who it would affect, and how
Potential Positive Impacts for People
-
Clarified Fee Assessment: The bill amends Section 17(b)(1)(A) of the Mineral Leasing Act to include the fee for the expression of interest alongside the bonus bid, which clarifies what is assessed when a lease is issued.
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Defined Duration for Interest: Under Section 2(b)(4), an expression of interest will remain active for a term of at least 5 years unless the land is offered at a lease sale, providing a set timeframe for the process.
Potential Negative Impacts for People
-
Fee Obligation if No Bid Occurs: According to Section 2(b)(1)(2)(A), if land covered by an expression of interest is offered at a lease sale and no bid is received, the Secretary must assess a fee against the person who submitted the first expression of interest.
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Fee Obligation for Successful Bidders: Under Section 2(b)(1)(2)(B), if the land receives a successful bid at a lease sale, the Secretary will assess a fee for the expression of interest against that successful bidder.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Economy And Finance
- Improves Fiscal Responsibility+3
- Governance And Ideology
- Improves Government Transparency+2
- Demographic And Interest Groups
- Good For Rural Residents+1Good For Business Owners-2
- Environment Energy And Infrastructure
- Reduces Fossil Fuel Production-1
- 1/23/2025
- Referred to the House Committee on Natural Resources.
- Introduced in House