To cancel Federal oil and gas leases held by entities that manipulate the market price of oil or gas in violation of certain Federal law, and for other purposes.

HR 9118 would cancel all federal oil and gas leases held by companies found by the Federal Trade Commission (FTC) to have coordinated with OPEC or OPEC+ countries to manipulate oil or gas prices in violation of federal antitrust laws. If the FTC issues a final order confirming such violations, the Secretary of the Interior must automatically cancel those leases and prohibit the company from bidding on new federal leases. The bill directly affects oil and gas companies that violate antitrust laws through market manipulation with OPEC nations. It creates a direct mechanism for lease cancellation based on FTC findings, without requiring new legislation for each case.