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HR 2752 112th Congress House Energy Congressional oversight Energy revenues and royalties Government information and archives Internet and video services Internet, web applications, social media Oil and gas Public contracts and procurement

BLM Live Internet Auctions Act

Introduced: August 1, 2011 See on congress.gov
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 Everywhere this bill has been 9 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 18, 2012
Placed on the Union Calendar, Calendar No. 252.
Jan 18, 2012
Reported (Amended) by the Committee on Natural Resources. H. Rept. 112-371.
Oct 5, 2011
Ordered to be Reported (Amended) by Unanimous Consent.
Oct 5, 2011
Committee Consideration and Mark-up Session Held.
Oct 5, 2011
Subcommittee on Energy and Mineral Resources Discharged.
Sep 13, 2011
Subcommittee Hearings Held.
Aug 4, 2011
Referred to the Subcommittee on Energy and Mineral Resources.
Aug 1, 2011
Referred to the House Committee on Natural Resources.
Aug 1, 2011
Introduced in House
 Plain-English summary Congressional Research Service

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 bidding methods.

Requires each individual Internet-based lease sale to be concluded within seven days.

Directs the Secretary to analyze and report on 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.


What's happening now January 18, 2012

Placed on the Union Calendar, Calendar No. 252.

 Committees of jurisdiction 2
 Cosponsors 2
All 2 Republican 2