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H.R. 555

BLM Live Internet Auctions Act

(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

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.

Placed on the Union Calendar, Calendar No. 148.

Rep. Johnson, Bill [R-OH-6](R-OH)Sponsor
5 cosponsors5 R
5cosponsors1committees11actions5related bills7subjects
  1. CalendarsH12410

    Placed on the Union Calendar, Calendar No. 148.

  2. CommitteeH12200

    Reported by the Committee on Natural Resources. H. Rept. 113-201.

    Natural Resources Committee
  3. Committee5000

    Reported by the Committee on Natural Resources. H. Rept. 113-201.

    Natural Resources Committee
  4. Committee

    Ordered to be Reported by Unanimous Consent.

    Natural Resources Committee
  5. Committee

    Committee Consideration and Mark-up Session Held.

    Natural Resources Committee
  6. Committee

    Subcommittee on Energy and Mineral Resources Discharged.

    Natural Resources Committee
  7. Committee

    Subcommittee Hearings Held.

    Energy and Mineral Resources Subcommittee
  8. Committee

    Referred to the Subcommittee on Energy and Mineral Resources.

    Energy and Mineral Resources Subcommittee
  9. IntroReferralH11100

    Referred to the House Committee on Natural Resources.

    Natural Resources Committee
  10. IntroReferralIntro-H

    Introduced in House

  11. IntroReferral1000

    Introduced in House

Sep 10, 201379

(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

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.

Feb 6, 2013

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.