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Introduced on March 11, 2025 by Raúl M. Grijalva
This bill aims to end “royalty-free” drilling in the Gulf of Mexico when prices are high. It blocks new federal offshore oil and gas leases unless companies agree to add price triggers to their existing Gulf leases. These triggers require them to pay royalties to the public when oil or gas prices reach set levels. The rule also covers anyone who benefits indirectly from these leases.
Companies also can’t buy or receive transfers of Gulf leases unless they’ve added these price-based royalty rules. If a lease is co-owned, the Interior Department can make separate agreements with individual owners for their share. Older Gulf leases from 1996 to 2000 can be amended, on request, to add these price triggers; any new or revised price limits would take effect on October 1, 2026.
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