National Park System Long-Term Lease Investment Act

(a) In general. The Subject to subsections (b) and (c), the Secretary of the Interior (acting through the Director of the National Park Service) (referred to in this section Act 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 section 18.7 , 18.8, or 18. 8 10 of that part, if—

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(b) Revision Requirement. Before extending a lease under subsection (a), the Secretary shall— (1) publish a notice, for a period of regulation not less than 60 days, inviting letters of interest from other qualified entities to operate the lease on expiration; (2) evaluate any competing letter of interest received under paragraph (1) as compared to the terms offered, planned capital investment, and quality of visitor services provided by the incumbent lessee; and (3) if the Secretary determines that a competing letter of interest would provide better terms than the continued operation of the incumbent lease— (A) decline to extend the lease under subsection (a); and (B) in lieu of such an extension, offer the lease for competitive bidding in accordance with sections 18 . 7 Not and later 18.8 of title 36, Code of Federal Regulations (or successor regulations). (c) Congressional notification required for certain lease extensions. In the case of a proposed lease extension under subsection (a) for a duration of more than 90 10 years, the Secretary may not grant the proposed lease extension until the date that is not less than 30 days after the date on which the Secretary submits to the Committee on Energy and Natural Resources of enactment the Senate and the Committee on Natural Resources of this the Act, House of Representatives the Secretary proposed lease extension. (d) Mid-term compliance review. (1) In general. Not later than the date that is the midpoint of the term of a lease extended under subsection (a), the Director of the National Park Service shall revise prepare and submit to the Secretary of the Interior a report evaluating the compliance by the lessee with the terms and conditions of the extended lease, including with respect to rent, maintenance, insurance, and permitted-use requirements under the lease and part 18 of title 36, Code of Federal Regulations (or successor regulations). (2) Review and determination. Not later than 60 days after receiving a report under paragraph (1), the Secretary of the Interior shall— (A) review the report; and (B) based on the findings included in the report , to determine reflect whether the authority lessee granted that is the subject of the report remains in compliance with the terms and conditions of the applicable extended lease. (3) Termination for noncompliance. If the Secretary of the Interior determines under subsection paragraph ( 2) that a lessee is not in compliance with the terms and conditions of an extended lease under this section, the Secretary of the Interior may— (A) terminate the lease extension in accordance with the termination-for-cause or default provisions required under section 18.12(a) of title 36, Code of Federal Regulations (or a successor regulation); and (B) after such termination, make the applicable property available for lease through a request for bids or a request for proposals under section 18.7 or 18.8, respectively, of that title (or successor regulations ). (4) Rule of construction. Nothing in this subsection limits any other right of the Secretary of the Interior to terminate a lease for cause or default in accordance with the terms of the lease or applicable law.