To restore onshore energy production.

Hozzl · 2023-12-15T15:54:41Z

Explore the details of House Bill 1043 To restore onshore energy production. currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Energy. Stay informed on legislative developments.

12/15/2023, 3:54 PM

Summary of Bill HR 1043

Bill 118 hr 1043, also known as the "To restore onshore energy production" bill, aims to increase domestic energy production on land in the United States. The bill focuses on streamlining the permitting process for oil and gas drilling on federal lands, with the goal of reducing regulatory barriers that may hinder energy development.

One of the key provisions of the bill is the establishment of a timeline for the approval of drilling permits on federal lands. This timeline is intended to provide certainty to energy companies and expedite the process of obtaining permits for drilling activities. Additionally, the bill includes measures to increase access to federal lands for energy development, such as opening up new areas for exploration and production.

Supporters of the bill argue that increasing onshore energy production will boost the economy, create jobs, and reduce dependence on foreign sources of energy. They also contend that the bill will help to lower energy prices for consumers and strengthen national security by increasing domestic energy production. Critics of the bill, however, raise concerns about the potential environmental impacts of increased drilling on federal lands. They argue that the bill prioritizes energy development over conservation and could lead to negative consequences for wildlife, water quality, and public lands. Overall, Bill 118 hr 1043 seeks to promote onshore energy production in the United States by streamlining the permitting process and increasing access to federal lands for drilling activities. The bill has generated debate among lawmakers and stakeholders, with supporters emphasizing the economic benefits of increased energy production and critics highlighting potential environmental risks.

Congressional Summary of HR 1043

This bill establishes requirements about conducting lease sales of onshore federal land for the development of oil and gas.

The Department of the Interior must immediately resume quarterly lease sales as specified by the bill. Each fiscal year, Interior must conduct a minimum of four oil and gas lease sales in each state with land available for oil and gas leasing under mineral leasing law. If a lease sale is canceled, delayed, or deferred, then Interior must conduct a replacement sale. Interior must also conduct a replacement sale if during the original lease sale, no more than 25% of the area offered for leasing receives a bid.

Read the Full Bill

Formatted Text PDF Formatted XML

Current Status of Bill HR 1043

Bill HR 1043 is currently in the status of Bill Introduced since February 14, 2023. Bill HR 1043 was introduced during Congress 118 and was introduced to the House on February 14, 2023. Bill HR 1043's most recent activity was Referred to the Subcommittee on Energy and Mineral Resources. as of March 22, 2023