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More Oil & Gas: New Offshore Drilling Rules

This bill aims to accelerate and increase oil and gas extraction in US offshore waters. It means the government will have to offer drilling areas more frequently, which could impact energy prices and national energy security. For citizens, this might mean more stable fuel supplies, but also potential risks to the marine environment.
Key points
The government must hold at least two offshore oil and gas lease sales per year.
A new five-year drilling program for 2022-2027 must be issued by June 30, 2022.
Subsequent drilling programs will need to be prepared more quickly to ensure continuous supply.
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Additional Information
Print number: 117_HR_7306
Sponsor: Rep. Van Duyne, Beth [R-TX-24]
Process start date: 2022-03-30