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Resume Onshore Oil & Gas Production: New Leasing Rules

This act mandates the immediate resumption of onshore oil and gas lease sales and requires annual auctions in specific states. The goal is to boost domestic energy production, potentially impacting fuel prices and energy resource availability for citizens. The President will not be able to halt these processes without Congressional approval.
Key points
Resumption of onshore oil and gas lease sales: This means companies can more quickly obtain permits for oil and gas exploration and production in the U.S.
Annual auctions: In selected states (e.g., Wyoming, New Mexico, Colorado), at least four auctions will be held annually, ensuring a steady supply of new areas for extraction.
Limits on halting processes: The President will not be able to halt extraction processes without Congressional approval, aiming to ensure stability and predictability in the energy sector.
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Additional Information
Print number: 117_HR_7304
Sponsor: Rep. Rosendale Sr., Matthew M. [R-MT-At Large]
Process start date: 2022-03-30