As ordered reported by the House Committee on Natural Resources on April 16, 2024
By Fiscal Year, Millions of Dollars
2025
2025-2029
2024-2034
Direct Spending (Outlays)
*
*
*
Revenues
0
0
0
Increase or Decrease (-) in the Deficit
*
*
*
Spending Subject to Appropriation (Outlays)
0
0
0
Increases net direct spending in any of the four consecutive 10-year periods beginning in 2035?
*
Statutory pay-as-you-go procedures apply?
Yes
Mandate Effects
Increases on-budget deficits in any of the four consecutive 10-year periods beginning in 2035?
*
Contains intergovernmental mandate?
No
Contains private-sector mandate?
No
* = between zero and $500,000.
Summary
H.R. 7375 would modify the terms under which the Bureau of Land Management (BLM) collects a nonrefundable fee for submitting an expression of interest (EOI), which is an informal nomination to request certain federal land be included in a competitive oil and gas lease sale.
Under current law, EOIs are not automatically placed for sale when received nor does an EOI guarantee those lands will be offered at auction. The parcels must first be reviewed for availability and environmental concerns prior to being placed for sale. Public Law 117-169 established a $5 per acre fee to cover BLM’s cost of processing EOIs, which the agency collects at the time of submission. Those fees are recorded in the federal budget as offsetting receipts, that is, as reductions in direct spending.
