Bill > HR3061

This bill mandates a comprehensive offshore oil and gas leasing program in the United States, primarily focusing on the Gulf of America and Cook Inlet Planning Area. The bill requires the Secretary of the Interior to conduct at least 26 offshore lease sales over a 10-year period, with 20 sales in the Gulf of America and 6 in the Cook Inlet, with specific timing requirements for these sales. The legislation establishes a detailed schedule of lease sales, with sales to be held on specific dates between 2025 and 2035. It also introduces a first production incentive pilot program that allows for reduced royalty rates (down to 10%) for the first 7 years of production if companies achieve first production within 3 years of lease issuance. The bill streamlines environmental compliance by deeming certain existing environmental impact studies sufficient for future lease sales and limits judicial review of these sales. Additionally, it amends the Outer Continental Shelf Lands Act to ensure a continuous leasing program, requiring a minimum of 15 offshore lease sales every 5 years starting in 2035, and provides default lease sale schedules if the Secretary fails to approve a leasing program. The bill aims to increase domestic energy production by creating a more predictable and expansive offshore leasing framework.

Agriculture and Natural Resources

https://www.congress.gov/bill/119th-congress/house-bill/3061/all-info