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HR 408

Georgia's aerospace and defense industry; Georgia Aerospace Day at the state capitol; February 26, 2025; recognize

2025-2026 Regular Session Introduced by Matt Hatchett and 5 co-sponsors

HR 408 aims to nullify presidential restrictions on oil and gas leasing in parts of the Outer Continental Shelf, boosting energy production and economic opportunities.

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WeVote Research Nonpartisan
Bill Summary · HR 408

Summary of HR 408: Nullification of Presidential Memoranda on Outer Continental Shelf Leasing

Bill Overview

Bill Number: HR 408
Title: To nullify the Presidential memoranda on the withdrawal of certain areas of the outer Continental Shelf from oil or natural gas leasing.
Status: Introduced in House
Introduced Date: January 15, 2025
Classification: Bill

Purpose and Intent

The primary purpose of HR 408 is to nullify two specific Presidential memoranda issued on January 6, 2025, which withdrew certain areas of the United States Outer Continental Shelf (OCS) from oil and natural gas leasing. This bill aims to reinstate the potential for oil and gas exploration and extraction in these areas, thereby promoting energy development and potentially increasing domestic energy production.

Key Provisions

HR 408 specifically targets the following Presidential memoranda:

  1. Memorandum on the Withdrawal of Certain Areas of the United States Outer Continental Shelf from Oil or Natural Gas Leasing (Gulf of Mexico, Atlantic, and Pacific Areas)

    • This memorandum restricts leasing activities in designated areas of the Gulf of Mexico, Atlantic Ocean, and Pacific Ocean.

  2. Memorandum on the Withdrawal of Certain Areas of the United States Outer Continental Shelf from Oil or Natural Gas Leasing (Northern Bering Sea Climate Resilience Area)

    • This memorandum restricts leasing activities in the Northern Bering Sea, aimed at climate resilience.

By nullifying these memoranda, HR 408 seeks to open these areas back up for potential oil and natural gas leasing.

Affected Parties

The bill primarily affects:

  • Energy Companies: Companies involved in oil and natural gas exploration and production may benefit from increased access to previously restricted areas.
  • Environmental Groups: Organizations focused on environmental protection may oppose the bill, as it could lead to increased drilling and potential environmental impacts.
  • Coastal Communities: Communities along the Gulf of Mexico, Atlantic, and Pacific coasts may experience economic impacts, both positive (increased jobs and revenue) and negative (potential environmental degradation).

Legislative Process

  • Introduced: January 15, 2025
  • Referred to Committee: The bill has been referred to the House Committee on Natural Resources for further consideration.

Conclusion

HR 408 seeks to reverse recent presidential actions that limit oil and natural gas leasing in specific areas of the Outer Continental Shelf. By nullifying these memoranda, the bill aims to enhance energy production opportunities, which could have significant economic implications for various stakeholders. The bill is currently in the early stages of the legislative process, having been introduced and referred to committee for review.

Compiled from official sources — confirm details with the bill’s official record.

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