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.

If the Federal Trade Commission issues a final order that finds that a person that holds a Federal oil and gas lease coordinated with an OPEC country or an OPEC plus country to manipulate the market price of oil or gas in violation of section 1 of the Sherman Act (15 U.S.C. 1) or the Clayton Act (15 U.S.C. 12 et seq.)—

(1) the Secretary of the Interior shall, to the extent allowable by law—

(A) cancel each Federal oil and gas lease held by such person; and

(B) not renew or extend any Federal oil and gas lease held by such person; and

(2) such person may not bid on any Federal oil and gas lease beginning on the date on which the Federal Trade Commission issues such final order.

In this section:

The term Federal mineral leasing law means any Federal law administered by the Secretary of the Interior authorizing the disposition under lease of oil or gas.

The term Federal oil and gas lease means an oil and gas lease issued by the Secretary of the Interior under any of the Federal mineral leasing laws.

The term OPEC country means Algeria, Congo, Equatorial Guinea, Gabon, Iran, Kuwait, Libya, Nigeria, Saudi Arabia, United Arab Emirates, or Venezuela.

The term OPEC plus country means Azerbaijan, Bahrain, Brunei, Kazakhstan, Malaysia, Mexico, Oman, Russia, South Sudan, or Sudan.