# 119-hr-2053: Stop Giving Big Oil Free Money Act

119-hr-2053, Stop Giving Big Oil Free Money Act, is a 119th Congress bill sponsored by Rep. Grijalva, Raúl M. [D-AZ-7] (D-AZ); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-2053
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-2053
- Congress: 119
- Title: Stop Giving Big Oil Free Money Act
- Status: introduced
- Introduced: 2025-03-11
- Sponsor: Rep. Grijalva, Raúl M. [D-AZ-7] (D-AZ)
- Cosponsors: 0
- Policy area: Energy
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Conditions new Gulf oil and gas leases on companies renegotiating existing leases to require royalty payments when prices reach set thresholds.** It would define which existing leases count as "covered leases" and set a mechanism to force renegotiations for many Gulf leases, including specific amendments for older Central and Western Gulf tracts. - Companies that hold or benefit from a covered lease would be barred from receiving new Gulf leases unless they renegotiate each covered lease to require royalties when market prices hit the law's thresholds. - People who try to buy or otherwise gain economic benefit from a covered lease would have to renegotiate those covered leases or enter an agreement with the Interior Secretary limiting market-price-based royalty relief before a transfer can proceed. - Leases issued for Central and Western Gulf tracts from January 1, 1996 through November 28, 2000 would be amended to include the price thresholds, with those changes taking effect October 1, 2026. - For shared leases the Secretary could make separate agreements with individual lessees so that a share covered by an agreement would no longer count as a covered lease for the others.

## Provisions PRIA read

- New Gulf leases tied to royalty rules: cost, high. If enacted, Interior would not issue new Gulf oil or gas leases to a company unless it first renegotiates its covered leases to require royalties once prices meet set thresholds. It would also block sales, swaps, spinoffs, or other transfers of covered leases or their economic benefits unless the b…
- Older Gulf leases face price triggers: cost, high. If enacted, Interior would agree to requests to amend leases issued January 1, 1996, through November 28, 2000, in the Central and Western Gulf. The change would add price thresholds so royalty suspensions end once oil or gas prices reach those levels, matching thresholds referenced in current law.…

## Related bills

- 119-hr-1111: Department of Peacebuilding Act of 2025
- 119-hr-2045: Medicare Dental, Vision, and Hearing Benefit Act of 2025
- 119-hr-51: Washington, D.C. Admission Act
- 119-hr-20: Richard L. Trumka Protecting the Right to Organize Act of 2025
- 119-hr-2025: Northeastern Arizona Indian Water Rights Settlement Act of 2025
- 119-hr-1183: Fair Play for Women Act

## Sources
- [119-hr-2053 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/2053)

## Related
- [119-hr-1111: Department of Peacebuilding Act of 2025](https://policyrisk.com/legislation/119-hr-1111)
- [119-hr-2045: Medicare Dental, Vision, and Hearing Benefit Act of 2025](https://policyrisk.com/legislation/119-hr-2045)
- [119-hr-51: Washington, D.C. Admission Act](https://policyrisk.com/legislation/119-hr-51)
- [119-hr-20: Richard L. Trumka Protecting the Right to Organize Act of 2025](https://policyrisk.com/legislation/119-hr-20)
- [119-hr-2025: Northeastern Arizona Indian Water Rights Settlement Act of 2025](https://policyrisk.com/legislation/119-hr-2025)
- [119-hr-1183: Fair Play for Women Act](https://policyrisk.com/legislation/119-hr-1183)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-2053 (as of 2026-04-21).