Bills · HR 678
IN COMMITTEE· 119TH CONGRESS
House BillHR 678Energy
Expression of Interest Sensibility Act
INTRO JAN 23· LAST ACTION JAN 23
READING
2MIN
COSPONSORS
0
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill matters to voters because it could change the financial incentives and risks for oil and gas companies operating on public lands. By shifting when and to whom the "expression of interest" fee is assessed, it could discourage companies from submitting speculative requests for land they aren't serious about, especially if they face a fee when no one else bids. Alternatively, it could add to the costs of doing business for energy companies, which might influence energy prices or the overall availability of leases. If it passes, companies will have clearer rules about these fees and a longer validity period for their expressions of interest; if it doesn't, the current system remains, which might lead to more speculative filings or less cost recovery for the government.
KEY PROVISIONS
3AI-extractedPROVISION 01
The bill clarifies that if land offered for lease receives no bids, the fee for the expression of interest will be assessed against the person who submitted the first expression of interest for that land.
This provision ensures that administrative costs incurred by the government for offering land requested by an expression of interest are covered, even if no one bids.
PROVISION 02
The bill establishes that if land offered for lease receives a successful bid, the fee for the expression of interest will be assessed against the successful bidder.
This clarifies that the successful bidder pays this specific fee, separate from their bonus bid, contributing to government revenue from leasing activities.
PROVISION 03
The bill stipulates that an expression of interest will remain active for a minimum term of 5 years, unless the covered land is offered at a lease sale.
This provides a clear duration for how long an expression of interest remains valid, offering more certainty to both companies and the government.
SPONSORSHIP
1 + 0
R· Wyoming
YRS IN OFFICE
3
BILLS LED
57
ACTION TIMELINE
2 EVENTSJAN 23
Introduced in House
JAN 23
Referred to the House Committee on Natural Resources.
BILL INFO
TypeHouse Bill
NumberHR 678
Congress119th
StatusIn Committee
IntroducedJan 23, 2025
Last actionJan 23, 2025
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IN COMMITTEE· 119TH CONGRESS · NATURAL RESOURCES COMMITTEE · INTRODUCED JAN 23, 2025
House BillHR 678Energy
Expression of Interest Sensibility Act
INTRODUCED JAN 23, 2025· LAST ACTION JAN 23, 2025
PASSAGE CHANCES
—%
READING
2 min
COSPONSORS
0
COMPLEXITY
Moderate
