National Park System Long-Term Lease Investment Act

The Secretary of the Interior (acting through the Director of the National Park Service) (referred to in this section as the Secretary) may extend a lease entered into under part 18 of title 36, Code of Federal Regulations (as in effect on January 3, 2025), without complying with the requirements of sections 18.7 or 18.8 of that part, if—

(1) the lessee—

(A) entered into the lease not less than 5 years before the date on which the extension takes effect; and

(B) is in compliance with the terms and conditions of the lease; and

(2) the Secretary determines that extending the lease is in the best interests of the administration of the applicable unit of the National Park System.

Not later than 90 days after the date of enactment of this Act, the Secretary shall revise part 18 of title 36, Code of Federal Regulations, to reflect the authority granted under subsection (a).