US Congress House Bill 555

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May 22 2013 - Subcommittee Hearings Held.
Text: Latest bill text (Introduced) [PDF]

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 live bidding methods. Requires each individual Internet-based lease sale to conclude within seven days. Directs the Secretary to analyze 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.

BLM Live Internet Auctions Act

Rep Johnson, Bill	Rep Bishop, Rob	Rep Cramer, Kevin	Rep Duncan, Jeff
Rep Thornberry, Mac

Date	Chamber	Action
2013-05-22	House	Subcommittee Hearings Held.
2013-02-21	House	Referred to the Subcommittee on Energy and Mineral Resources.
2013-02-06	House	Referred to the House Committee on Natural Resources.

Type	Source
Summary	http://thomas.loc.gov/cgi-bin/bdquery/z?d113:HN00555:@@@L&summ2=m&
Text	http://gpo.gov/fdsys/pkg/BILLS-113hr555ih/pdf/BILLS-113hr555ih.pdf