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More Energy, More Jobs: Streamlining Oil and Gas Production

This act aims to boost oil and gas production in the U.S., potentially impacting energy prices and fuel availability. It introduces new rules for offshore leasing and accelerates permit processes, which could create jobs in the energy sector but also raises environmental concerns.
Key points
New Offshore Leasing Rules: Coastal states can propose areas for oil and gas development, and the government must consider them.
Annual Gulf of Mexico Auctions: Mandates at least two annual lease sales for oil and gas in the Gulf of Mexico.
Expedited Permits: Shortens the timeframe for issuing oil and gas exploration and production permits to 75 days, aiming to streamline investment processes.
Environmental Review Requirements: Environmental reviews are still required, but with specified deadlines for completion.
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Additional Information
Print number: 118_HR_1559
Sponsor: Rep. Moran, Nathaniel [R-TX-1]
Process start date: 2023-03-10