Read twice and referred to the Committee on Energy and Natural Resources.
The bill bars the Interior Secretary from issuing new Outer Continental Shelf oil or gas production leases in the Gulf of Mexico to any person (or related entity) who fails to renegotiate specified existing Gulf leases so that royalty payments apply when oil or gas prices reach certain statutory thresholds. It defines covered leases (Central and Western Gulf leases issued under the Deep Water Royalty Relief Act, 1996–2000), prevents transfers of economic interests unless leases are renegotiated or modified, and requires the Secretary to agree to amendments imposing price thresholds effective October 1, 2026.
Left emphasizes closing a subsidy and raising federal revenue.
Relative to its intended legislative type, this bill is a clearly focused substantive statutory intervention that conditions future leasing and mandates lease amendments by reference to existing statutory price‑threshold provisions.
The bill bars the Interior Secretary from issuing new Outer Continental Shelf oil or gas production leases in the Gulf of Mexico to any person (or related entity) who fails to renegotiate specified existing Gulf leases so that royalty payments apply when oil or gas prices reach certain statutory thresholds.
It defines covered leases (Central and Western Gulf leases issued under the Deep Water Royalty Relief Act, 1996–2000), prevents transfers of economic interests unless leases are renegotiated or modified, and requires the Secretary to agree to amendments imposing price thresholds effective October 1, 2026.
Narrow but politically charged, invites legal challenges and strong stakeholder opposition; unlikely to clear both chambers as standalone legislation.
Relative to its intended legislative type, this bill is a clearly focused substantive statutory intervention that conditions future leasing and mandates lease amendments by reference to existing statutory price‑threshold provisions. It provides concrete legal definitions and integrates closely with existing law but omits several expected implementation and fiscal details.
Left emphasizes closing a subsidy and raising federal revenue.
These are examples from the analysis, not a ranked list of the most-affected groups.
Left emphasizes closing a subsidy and raising federal revenue.
Likely strongly supportive; sees the bill as closing a subsidy/loophole that lets companies avoid royalties during high prices and as recovering federal revenue.
Also viewed as aligning with broader climate and justice goals by reducing implicit fossil-fuel subsidies.
Cautious support if implemented carefully; sees revenue and fairness benefits but worries about legal exposure, market effects, and investor confidence.
Prefers clearer legal footing and measured transition safeguards.
Likely strongly opposed; sees the bill as federal overreach that effectively rewrites or coerces changes to existing contracts, threatening investment, property rights, and Gulf energy jobs.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Narrow but politically charged, invites legal challenges and strong stakeholder opposition; unlikely to clear both chambers as standalone legislation.
The bill has not accumulated any surfaced votes yet.
Left emphasizes closing a subsidy and raising federal revenue.
Narrow but politically charged, invites legal challenges and strong stakeholder opposition; unlikely to clear both chambers as standalone l…
Relative to its intended legislative type, this bill is a clearly focused substantive statutory intervention that conditions future leasing and mandates lease amendments by reference to existing statutory price‑threshol…
Go beyond the headline summary with full stakeholder mapping, legislative design analysis, passage barriers, and lens-by-lens tradeoff breakdowns.