Prohibits the Secretary of the Interior from issuing any oil or gas exploration leases or licenses on submerged lands off the coastlines of the eastern seaboard, western seaboard, and Alaska (the Outer Continental Shelf). Retains the leases, licenses, and permits in effect on the date of enactment of this Act. Directs the Secretary to cancel (with compensation) specified leases or permits in effect on such date.
Directs the Secretary to report to the Congress on alternative options for compensating leaseholders of specified land tracts.
Introduced in House
Introduced in House
Referred to the House Committee on Interior and Insular Affairs.
Referred concurrently to the House Committee on Merchant Marine and Fisheries for a period ending not later than 30 legislative days following the date on which the Committee on Interior and Insular Affairs files its report in the House.
Referred to the Subcommittee on Panama Canal/Outer Continental Shelf.
Executive Comment Requested from Interior, Treasury, EPA.
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