A bill authorizing the Secretary of the Interior to retain as a national reserve, certain lands of the Outer Continental Shelf included in proposed lease sales numbered 53 and 73, and prohibiting the Secretary from leasing such lands for oil or gas production or development, except as recommended by the President of the United States and not disapproved by the Congress, and for other purposes.

Directs the Secretary of the Interior to retain specified lands within the Outer Continental Shelf extending from Point Concepcion in the south to the California-Oregon border in the north and extending seaward as a national reserve for oil or gas production or development. Prohibits the Secretary from leasing such area for oil or gas production or development without the recommendation of the President or the failure of both Houses of Congress to pass, within 60 days after receipt of such recommendation, a concurrent resolution of disapproval.