; (2) striking The Secretary shall accept and all that follows through for the first lease year. and inserting The Secretary may issue a lease to the responsible qualified bidder with the highest bid that is equal to or greater than the national minimum acceptable bid. The Secretary shall decide whether to accept a bid and issue a lease within 90 days following payment by the successful bidder of the remainder of the bonus bid, if any, and the annual rental for the first lease year. ; and (3) striking the last sentence. (c) Minimum bid Subparagraph (B) of section 17(b)(1) of the Mineral Leasing Act ( 30 U.S.C. 226(b)(1) ), as amended by this Act, is further amended by striking Thereafter and all that follows through the end of the subparagraph and inserting The Secretary may establish a higher minimum acceptable bid if the Secretary finds that such a higher amount is necessary (i) to enhance financial returns to the United States; and (ii) to promote more efficient management of oil and gas resources on Federal lands. The Secretary may reject a bid above the national minimum acceptable bid if, after evaluation of the value of the lands proposed for lease, the Secretary determines that the bid amount does not ensure that fair market value is obtained for the lease. The proposal or promulgation of any regulation to establish a higher minimum acceptable bid shall not be considered a major Federal action that is subject to the requirements of section 102(2)(C) of the National Environmental Policy Act of 1969 ( 42 U.S.C. 4332(2)(C) ). . (d) Rentals Section 17(d) of the Mineral Leasing Act ( 30 U.S.C. 226(d) ), as amended by this Act, is further amended by— (1) striking so much as precedes shall be conditioned and inserting the following: (d) During the 2-year period beginning on the date of the enactment of the Sustainable Energy Development Reform Act, all leases issued under this section