Offshore Parity Act of 2026 delegates authority to Louisiana, Mississippi, and Alabama to manage oil, gas, and other energy leases in expanded.
The Offshore Parity Act of 2026 amends the Outer Continental Shelf Lands Act and the Magnuson-Stevens Fishery Conservation and Management Act to delegate management authority to Louisiana, Mississippi, and Alabama for oil, gas, and other energy leases in expanded submerged lands. The Secretary of the Interior must transfer existing surety bonds to the states within 90 days of delegation. States must indemnify the United States for any liability from property takings or contract breaches. The delegation does not affect existing leases or revenue disposition.
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- Core Provisions
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- Legal Framework
- Critical Issues
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