Innovation in Offshore Leasing Act
Official title: To amend the Outer Continental Shelf Lands Act to authorize the Secretary of the Interior to conduct offshore oil and gas lease sales through Internet-based live lease sales, and for other purposes.
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Received in the Senate and Read twice and referred to the Committee on Energy and Natural Resources.
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.
- Engrossed in House Formatted Text PDF Formatted XML
- Introduced in House Formatted Text PDF Formatted XML
- Referred in Senate Formatted Text PDF Formatted XML
- Reported in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 5577: Innovation in Offshore Leasing Act. 114th Congress. Open America. https://openamerica.io/bill/114-HR-5577/
"H.R. 5577: Innovation in Offshore Leasing Act." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-5577/.
H.R. 5577, 114th Cong. (2026), https://openamerica.io/bill/114-HR-5577/.
[H.R. 5577: Innovation in Offshore Leasing Act](https://openamerica.io/bill/114-HR-5577/)