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1 1 (August 5, 2022)

handle is hein.crs/goveicc0001 and id is 1 raw text is: Congressional ____ ~ Research Service Offshore Wind Provisions in the Inflation Reduction Act August 5, 2022 On July 28, 2022, Senate Democratic leaders released draft text of the Inflation Reduction Act of 2022 (IRA), a proposed amendment in the nature of a substitute to budget reconciliation legislation (H.R. 5376). The draft IRA contains multiple provisions related to offshore wind, including provisions on offshore wind leasing, transmission planning, and tax credits. Offshore Wind Leasing Provisions Offshore Wind Leasing Authority. Section 50265 of the IRA would set new limits on the Department of the Interior's (DOI's) authority to issue offshore and onshore renewable energy leases. With regard to offshore wind, during the 10-year period following the IRA's enactment, DOI's Bureau of Ocean Energy Management (BOEM) would not be allowed to issue a lease for offshore wind development unless the agency had held an offshore oil and gas lease sale in the previous year that offered at least 60 million acres on the outer continental shelf (OCS). In addition to potentially affecting future federal offshore wind leasing efforts, enactment of such a provision could potentially affect decisionmaking for BOEM's upcoming offshore oil and gas five-year leasing program. BOEM recently released a proposed program that considered a range of offshore oil and gas leasing scenarios for the 2023-2028 period, some of which would offer sufficient sales and acreage to meet the IRA's criteria for enabling offshore wind leasing while others would not. Wind Leasing in the Mid- to South Atlantic and Eastern Gulf of Mexico. On September 8 and September 25, 2020, President Trump used his authority under Section 12(a) of the Outer Continental Shelf Lands Act (43 U.S.C. @1341(a)) to withdraw from leasing disposition-from July 1, 2022, through June 30, 2032-areas off the coasts of North Carolina, South Carolina, Georgia, and Florida in the Atlantic and off the coast of Florida in the Gulf of Mexico. President Biden has announced the Administration's interest in furthering offshore wind leasing in the withdrawn areas. Section 50251(a) of the IRA would authorize the Secretary of the Interior to issue renewable energy leases, easements, and rights-of-way in these areas despite the presidential withdrawal. Oil and gas leasing would remain prohibited in these areas. Congressional Research Service https://crsreports.congress.gov IN11980 CRS INSIGHT Prepared for Members and Committees of Congress

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