National Park System Long-Term Lease Investment Act

119 S2498 IS: National Park System Long-Term Lease Investment Act U.S. Senate 2025-07-29 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. II 119th CONGRESS 1st Session S. 2498 IN THE SENATE OF THE UNITED STATES July 29, 2025 Mr. Tillis (for himself and Mr. Budd ) introduced the following bill; which was read twice and referred to the Committee on Energy and Natural Resources A BILL To authorize the Secretary of the Interior to extend certain leases within units of the National Park System without opening the lease to bidding. 1. Short title This Act may be cited as the National Park System Long-Term Lease Investment Act . 2. Authorization to extend certain leases (a) In general 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. (b) Revision of regulation 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).