Offshore Leasing Standards and Accountability Act of 2026

Summary

The bill adds new rules to the Outer Continental Shelf Lands Act that only allow the Secretary to issue or transfer offshore oil and gas leases to companies that meet strict safety, environmental, and financial standards. Operators must prove a clean compliance record, maintain an investment‑grade credit rating, and set aside escrow funds to cover current and future decommissioning costs. The goal is to protect the environment and ensure taxpayers are not left with cleanup bills.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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