July 12, 2019 Cost Estimate As ordered reported by the House Committee on Natural Resources on June 19, 2019 View Document89.87 KB Summary The bill would Prohibit future auctions of leases for oil and gas development in the Atlantic and Pacific regions of the Outer Continental Shelf (OCS) Estimated budgetary effects would primarily stem from Reducing collection of offsetting receipts from offshore oil and gas leases Reducing spending subject to appropriation for administrative expenses related to leasing activities in the Atlantic and Pacific regions of the OCS Areas of significant uncertainty include Estimating the amount and timing of any future government income from leasing in the Atlantic and Pacific OCS under current law Data and Supplemental Information Table 1 Table 2 Legislative Information Available From Congress.gov
The bill would Prohibit future auctions of leases for oil and gas development in the Atlantic and Pacific regions of the Outer Continental Shelf (OCS) Estimated budgetary effects would primarily stem from Reducing collection of offsetting receipts from offshore oil and gas leases Reducing spending subject to appropriation for administrative expenses related to leasing activities in the Atlantic and Pacific regions of the OCS Areas of significant uncertainty include Estimating the amount and timing of any future government income from leasing in the Atlantic and Pacific OCS under current law
