# 119-s-2498: National Park System Long-Term Lease Investment Act

119-s-2498, National Park System Long-Term Lease Investment Act, is a 119th Congress bill sponsored by Sen. Tillis, Thomas [R-NC] (R-NC); status passed_senate; PRIA reads it as touching household money (as of 2026-10-08).

- Canonical: https://policyrisk.com/legislation/119-s-2498
- As of: 2026-10-08
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-2498
- Congress: 119
- Title: National Park System Long-Term Lease Investment Act
- Status: passed_senate
- Introduced: 2025-07-29
- Sponsor: Sen. Tillis, Thomas [R-NC] (R-NC)
- Cosponsors: 1
- Policy area: Public Lands and Natural Resources
- Touches household money: yes
- Last recorded action: 2026-10-08

## Summary

**This bill would create two lease tools to unlock private capital for park projects, most notably by allowing** **long-term redevelopment leases (up to 99 years) for projects costing more than $100 million**. It also lets the Park Service extend certain existing concessions leases under a controlled, competitive review to encourage longer-term investments in park infrastructure. - Park visitors and infrastructure — Makes it easier to attract private capital for major redevelopment by permitting leases up to 99 years for projects over $100 million. - Existing concessionaires and operators — Operators who signed leases at least five years earlier could receive extensions without full rebidding, but only after a minimum 60-day public notice and a competitive review that compares rival proposals, planned capital investment, and service quality. - Oversight and compliance — Extensions longer than 10 years and leases longer than 60 years trigger Congressional notification and waiting periods. Each extension requires a mid-term compliance review and can be terminated and re-leased if the operator fails to meet lease terms. *Does not authorize new spending or new taxes and relies on existing regulatory authorities.*

## Cosponsors (1)

- Sen. Budd, Ted [R-NC] (R-NC), 2025-07-29T00:00:00.000Z

## Provisions PRIA read

- Longer park leases for businesses: benefit, high. If enacted, businesses that lease National Park Service property could get extensions without the usual rebidding. An extension would only be allowed if the lease was signed at least 5 years earlier and the lessee is following all terms. The Secretary would also need to find that the extension is i…
- More competition and oversight on park leases: mixed, medium. If enacted, before extending a lease the Secretary would post at least 60 days of notice inviting letters of interest. The Secretary would compare replies to the incumbent’s terms, planned investment, and visitor services. If a better offer exists, the Secretary would deny the extension and run a c…

## Related bills

- 119-s-4744: Take Care of America’s Veterans Act
- 119-s-1541: SHIPS for America Act of 2025
- 119-s-292: Educational Choice for Children Act of 2025
- 119-s-3923: Weather Research and Forecasting Innovation Reauthorization Act of 2026
- 119-s-1246: FEMA Independence Act of 2025
- 119-s-352: Disaster Assistance Fairness Act

## Sources
- [119-s-2498 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/2498)

## Related
- [119-s-4744: Take Care of America’s Veterans Act](https://policyrisk.com/legislation/119-s-4744)
- [119-s-1541: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-s-1541)
- [119-s-292: Educational Choice for Children Act of 2025](https://policyrisk.com/legislation/119-s-292)
- [119-s-3923: Weather Research and Forecasting Innovation Reauthorization Act of 2026](https://policyrisk.com/legislation/119-s-3923)
- [119-s-1246: FEMA Independence Act of 2025](https://policyrisk.com/legislation/119-s-1246)
- [119-s-352: Disaster Assistance Fairness Act](https://policyrisk.com/legislation/119-s-352)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-2498 (as of 2026-10-08).