A bill to cancel Federal oil and gas leases held by persons that manipulate the market price of oil or gas in violation of Federal law, and for other purposes.

This bill would cancel 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/gas prices in violation of antitrust law. If the FTC issues a final order confirming such illegal coordination, the Secretary of the Interior must cancel all existing federal leases held by that company and bar them from bidding on new leases. The bill directly affects oil and gas companies holding federal leases who violate antitrust laws through collusion with specific foreign oil-producing nations listed in the bill (including Saudi Arabia, Russia, and Venezuela). It creates a direct link between FTC enforcement actions and the automatic cancellation of federal leasing rights.