The bill H.R. 9118 aims to cancel federal oil and gas leases held by companies that manipulate market prices in collaboration with OPEC or OPEC+ countries, breaking certain U.S. laws like the Sherman Act. If the Federal Trade Commission finds a company guilty of this, the...
Simple Explanation
The bill says if a company cheats by teaming up with certain countries to mess with oil and gas prices, they could lose their right to work on U.S. government land to get oil and gas.