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This bill would authorize the federal government to cancel oil and gas leases held by companies that are found to have illegally coordinated with OPEC countries or OPEC-allied nations to manipulate oil and gas prices. If the Federal Trade Commission issues a final order determining that a lease holder violated antitrust laws by conspiring with these foreign governments to control prices, the Secretary of the Interior would be required to cancel all of that company's federal leases and prohibit them from bidding on new leases in the future. The bill applies to any company or person holding a federal oil and gas lease who engages in this illegal market manipulation, and the cancellation would take effect once the FTC issues its final order. There is no specified funding or timeline in the legislation, as it primarily serves as an enforcement mechanism tied to existing antitrust law violations. The bill aims to prevent foreign governments and domestic oil companies from colluding to artificially raise energy prices at consumers' expense.

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