# 119-s-1030: Stop Giving Big Oil Free Money Act

119-s-1030, Stop Giving Big Oil Free Money Act, is a 119th Congress bill sponsored by Sen. Markey, Edward J. [D-MA] (D-MA); status introduced (as of 2026-09-10).

- Canonical: https://policyrisk.com/legislation/119-s-1030
- As of: 2026-09-10
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-1030
- Congress: 119
- Title: Stop Giving Big Oil Free Money Act
- Status: introduced
- Introduced: 2025-03-13
- Sponsor: Sen. Markey, Edward J. [D-MA] (D-MA)
- Cosponsors: 4
- Policy area: Energy
- Touches household money: no
- Last recorded action: 2026-09-10

## Summary

**Requires renegotiation of royalty-relief Gulf of Mexico leases so producers pay royalties when oil or gas prices rise.** This bill would block anyone who still benefits from those older “covered leases” from getting new Gulf of Mexico leases or transferring leases until those leases are amended to include the price-based royalty thresholds in law. - Companies that hold or benefit from a "covered lease" must renegotiate each covered lease to require royalty payments when oil or gas prices reach the thresholds in clauses (v)–(vii) of section 8(a)(3)(C) of the Outer Continental Shelf Lands Act. - Any person with a direct or indirect interest in a covered lease cannot receive a new Gulf lease or transfer a covered lease unless all covered leases are amended or there is an agreement with the Secretary to modify payment responsibilities. - The Secretary must agree to requests to amend Central and Western Gulf of Mexico leases issued between January 1, 1996 and November 28, 2000 to add qualifying price thresholds, and those amendments would take effect October 1, 2026.

## Cosponsors (4)

- Sen. Merkley, Jeff [D-OR] (D-OR), 2025-03-13T00:00:00.000Z
- Sen. Welch, Peter [D-VT] (D-VT), 2025-03-13T00:00:00.000Z
- Sen. Sanders, Bernard [I-VT] (I-VT), 2025-03-13T00:00:00.000Z
- Sen. Van Hollen, Chris [D-MD] (D-MD), 2025-03-13T00:00:00.000Z

## Provisions PRIA read

- New Gulf leases require royalty thresholds: cost, medium. If enacted, Interior would not issue new Gulf oil or gas production leases to people tied to certain older leases unless they fix them. A “covered lease” would be one that existed at enactment, was issued under the Deep Water Royalty Relief Act, and lacks price-based royalty limits at or below the…
- Price triggers added to 1996–2000 leases: cost, medium. If enacted, any lessee could ask Interior to amend a Central or Western Gulf lease issued between January 1, 1996, and November 28, 2000. Interior would have to agree. The amendment would add price thresholds for suspending royalties that are at or below those in section 8(a)(3)(C)(v)–(vii) of the…

## Related bills

- 119-s-2819: Head Start for America's Children Act
- 119-s-5283: Momnibus Act
- 119-s-3990: PrEP Access and Coverage Act of 2026
- 119-s-2823: FAMILY Act
- 119-s-2763: Keep Billionaires Out of Social Security Act
- 119-s-3869: Healthy Families Act

## Sources
- [119-s-1030 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/1030)

## Related
- [119-s-2819: Head Start for America's Children Act](https://policyrisk.com/legislation/119-s-2819)
- [119-s-5283: Momnibus Act](https://policyrisk.com/legislation/119-s-5283)
- [119-s-3990: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-s-3990)
- [119-s-2823: FAMILY Act](https://policyrisk.com/legislation/119-s-2823)
- [119-s-2763: Keep Billionaires Out of Social Security Act](https://policyrisk.com/legislation/119-s-2763)
- [119-s-3869: Healthy Families Act](https://policyrisk.com/legislation/119-s-3869)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-1030 (as of 2026-09-10).