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H. Rept. 118-405 1 (2024-03-05)

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U.S. GOVERNMENT
INFORMATION
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                     118TH CONGRESS                                           REPORT
                        2d Session      HOUSE   OF REPRESENTATIVES            118-405







                     BRINGING RELIABLE INVESTMENT INTO DOMESTIC GULF
                                   ENERGY PRODUCTION ACT OF 2023




                      MARCH 5, 2024.-Committed to the Committee of the Whole House on the State of
                                         the Union and ordered to be printed




                         Mr. WESTERMAN, from the Committee on Natural Resources,
                                           submitted   the following


                                               R  E  P  O   R  T

                                                 together with

                                            DISSENTING VIEWS

                                            [To accompany H.R. 5616]

                               [Including cost estimate of the Congressional Budget Office]

                       The  Committee   on Natural  Resources,  to whom  was  referred the
                     bill (H.R. 5616) to require the Secretary  of the Interior to conduct
                     certain offshore lease sales, having considered the same,  reports fa-
                     vorably thereon  with an  amendment and recommends that the bill
                     as amended   do pass.
                       The  amendment is   as follows:
                       Strike all after the enacting clause and insert the following:

                     SECTION 1. SHORT TITLE.
                       This Act may be cited as the Bringing Reliable Investment into Domestic Gulf
                     Energy Production Act of 2023 or the BRIDGE Production Act of 2023.
                     SEC. 2. OFFSHORE OIL AND GAS LEASE SALES.
                       (a) DEFINITIONS.-In this section:
                          (1) OFFSHORE LEASE SALE.-The term offshore lease sale means an oil and
                        gas lease sale-
                              (A) that is held by the Secretary in accordance with the Outer Conti-
                            nental Shelf Lands Act (43 U.S.C. 1331 et seq.), notwithstanding the re-
                            quirements of section 18 of that Act (43 U.S.C. 1344);
                              (B) that, with respect to lease sales in the Gulf of Mexico region, offers
                            the same lease form, lease terms, economic conditions, and stipulations as
                            contained in the final notice of sale entitled Gulf of Mexico Outer Conti-
                            nental Shelf Oil and Gas Lease Sale 257 (86 Fed. Reg. 54728 (October 4,
                            2021)); and
                              (C) that, if any acceptable bids have been received for any tract offered
                            in the lease sale, results in the issuance of leases within 90 days of the sale
                        49-006

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