H.R. 5577 · 114th Congress
Innovation in Offshore Leasing Act
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Passed the House without a recorded vote, then expired. It passed by voice vote or unanimous consent, which don't record how each member voted, but didn't become law before the 114th Congress ended.
R
GravesSponsor5 cosponsors · 2 D, 3 R
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
- House Introduced Jun 24, 2016
- House Passed Sep 6, 2016
Before conducting any Internet-based sale, BOEM is required to gather information from each company present for bidding at the 10 most recent oil and gas lease sales conducted under the Outer Continental Shelf Lands Act.
What it does: CRS summary · Passed House amended · Sep 6, 2016
Innovation in Offshore Leasing Act
(Sec. 2)This bill amends the Outer Continental Shelf Lands Act to authorize the Bureau of Ocean Energy Management (BOEM)to conduct offshore oil and gas lease sales through Internet-based bidding methods.
Before conducting any Internet-based sale, BOEM is required to gather information from each company present for bidding at the 10 most recent oil and gas lease sales conducted under the Outer Continental Shelf Lands Act. The information is designed to provide the bidding public sufficient opportunity to share ideas, methods, and concerns regarding Internet-based leasing.
All Internet-based sales must meet certain requirements and BOEM shall publicly disclose statistical data regarding any sale on the day the sale is executed.
Additionally, BOEM must conduct at least one Internet-based lease sale in the Gulf of Mexico Outer Continental Shelf Region within 18 months.
BOEM must also provide a report to Congress within 90 days after it conducts a third Internet-based lease sale.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Innovation in Offshore Leasing Act
Latest action (Sep 7, 2016): Received in the Senate and Read twice and referred to the Committee on Energy and Natural Resources.
Policy area: Energy · Origin: House · Introduced: Jun 24, 2016
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
- House Introduced Jun 24, 2016
- House Passed Sep 6, 2016
No recorded floor vote found.