H. R. 7375 seeks to amend the Mineral Leasing Act to improve how fees for expressing interest in leasing land for oil or gas exploration are assessed. The bill introduces measures that ensure if land receives no bids at a lease sale, the person who first showed interest must...
Simple Explanation
Here's a little story about H. R. 7375: The bill changes the rules for paying fees when someone wants to drill for oil or gas on certain land. If nobody buys the drilling rights after someone expresses interest, the interested person has to pay a fee, but if someone else does buy the rights, then the buyer pays the fee. Plus, their interest in the land is good for at least five years unless the land is sold for drilling.