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Read twice and referred to the Committee on Energy and Natural Resources.
10/7/2021 • Senate
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.
Introduced in Senate • 10/7/2021
Topics & Subjects
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Related Federal Spending
Sponsor & Cosponsors (3)
Party Breakdown
Sponsor
Cosponsors (2)
Bill Journey
Originated in the Senate
Introduced
October 7, 2021
Read twice and referred to the Committee on Energy and Natural Resources.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law