S. 4786 proposes that if the Federal Trade Commission finds a person or company with a federal oil and gas lease has worked with certain countries to illegally manipulate oil or gas prices, the Secretary of the Interior must cancel their leases and prevent them from renewing...
Simple Explanation
If a company in the United States has land from the government to get oil or gas, and it gets caught teaming up with other countries to cheat by changing prices unfairly, the government will take away their land and not let them get more in the future.