Senate Bill 2962
117th Congress(2021-2022)
COMPETES Act
Introduced
Introduced in Senate on Oct 7, 2021
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
2962
Congress
117
Policy Area
Energy
Energy
Primary focus of measure is all sources and supplies of energy, including alternative energy sources, oil and gas, coal, nuclear power; efficiency and conservation; costs, prices, and revenues; electric power transmission; public utility matters.
No Senate votes have been held for this bill.
Summary
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.
October 7, 2021
10/07/2021
Read twice and referred to the Committee on Energy and Natural Resources.
10/07/2021
Introduced in Senate
Public Record
Record Updated
Jan 1, 2023 11:49:24 PM