What is the official ID of this bill?
The official print number for this legislation is HR 513.
Limiting Presidential Power in Offshore Land Withdrawals
This act aims to nullify previous presidential decisions that withdrew certain offshore areas from oil and gas leasing. It also introduces strict new limits on the President's future authority to withdraw such lands, requiring Congressional approval for larger areas and detailed economic and environmental assessments. For citizens, this could mean potential increased access to energy resources from these areas, potentially impacting energy prices and government revenues.
Key points
Nullifies eight previous presidential decisions that withdrew specific offshore areas (e.g., Chukchi Sea, Gulf of Mexico) from oil and gas leasing, potentially opening them for future exploration.
Limits the President's ability to withdraw offshore lands without Congressional approval to a maximum of 500,000 acres; larger areas require Congressional approval.
Requires detailed geological, economic, energy, and national security assessments before any offshore lands can be withdrawn, along with an estimate of the impact on federal and state revenues.
Establishes a procedure allowing Congress to quickly disapprove presidential withdrawal decisions, increasing legislative oversight of this process.
Status:
Introduced
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