What is the official ID of this bill?

The official print number for this legislation is S 4786.

When did the legislative process begin?

The process officially started on 2024-07-25.

Where can I read the full text of this legislation?

The full official text is available at: https://www.congress.gov/118/bills/s4786/BILLS-118s4786is.htm

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

Who is the primary sponsor?

The primary sponsor is Sen. Markey, Edward J. [D-MA].

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Analysis and Potential Impact of S 4786

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

Canceling Federal Leases for Oil and Gas Price Manipulation with OPEC.

Q: What are the main provisions?

Key points include: Companies manipulating oil or gas prices in coordination with OPEC countries will lose their federal drilling rights. The Federal Trade Commission (FTC) determines guilt; upon its final order, leases are immediately canceled. Persons or entities found guilty of manipulation are banned from bidding on future federal leases.

This bill aims to protect citizens from artificially inflated fuel prices. If a company holding federal oil or gas leases is found by the Federal Trade Commission to have manipulated the market in coordination with OPEC countries, they will lose all their federal drilling rights. The consequence is the removal of entities that contribute to instability and high energy costs for consumers.

Key points

Companies manipulating oil or gas prices in coordination with OPEC countries will lose their federal drilling rights.

The Federal Trade Commission (FTC) determines guilt; upon its final order, leases are immediately canceled.

Persons or entities found guilty of manipulation are banned from bidding on future federal leases.

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Status:

Expired

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Additional Information

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.

Print number: S 4786

Sponsor: Sen. Markey, Edward J. [D-MA]

Process start date: 2024-07-25

System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.

Summarized by: gemini-flash-latest

Source data: api.congress.gov

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Canceling Federal Leases for Oil and Gas Price Manipulation with OPEC.

Key Questions about Canceling Federal Leases for Oil and Gas Price Manipulation with OPEC.