A bill to require persons who obtain or renew oil or gas leases with the United States to have a plan for contracting with minority firms for activities undertaken under the leases, and for other purposes.

[AI summary unavailable — showing source text] Prohibits the Secretary of the Interior from entering into or renewing a land lease for oil or gas production unless the lessee provides assurances that during the lease term a plan will be in effect which provides that a portion of the contracts entered into for lease-related activities will be entered into with minority firms. Requires the Secretary to: (1) prescribe standards for such plans; and (2) establish a bonding program (where such bonding is otherwise unobtainable) for minority firms seeking contracts regarding oil or gas lease activities.…