S4715Referred to Committee

A bill to amend the Outer Continental Shelf Lands Act to establish fitness to operate standards and decommissioning escrow accounts for offshore oil and gas operators, and for other purposes.

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-06-09
Introduced
1
Cosponsors
S
ⓘ
Type

Sponsor

Adam B. Schiff
Adam B. Schiff
Democrat · CA · Senator
Votes with party: 61.8% (322 recorded votes)

Full profile: /officials/S001150

Source: Congress.gov · FEC

Cosponsors (1)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Read twice and referred to the Committee on Energy and Natural Resources.

2026-06-09

Source: Congress.gov

Committee Activity

Currently in

Plain-English Summary

The bill would require offshore oil and gas companies operating on federal waters to meet certain safety and financial standards before being allowed to drill, and would require them to set aside money in escrow accounts to pay for cleaning up and removing their equipment when operations end. This aims to protect taxpayers from having to cover decommissioning costs if a company goes bankrupt or abandons its facilities. The measure affects oil and gas operators working in U.S. ocean waters.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

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