TAPP American Resources Act

The TAPP American Resources Act (HR 1335) requires the immediate resumption of quarterly onshore oil and gas lease sales in specific states including Wyoming, New Mexico, Colorado, Utah, Montana, North Dakota, Oklahoma, Nevada, and Alaska, with replacement sales if initial sales are canceled or have low bid coverage. The bill streamlines federal permitting processes by establishing strict deadlines for environmental reviews (1 year for assessments, 2 years for impact statements), reducing oil and gas royalty rates from 16.67% to 12.5%, and requiring agencies to publicly report on pending lease applications and permit processing. It directly affects oil and gas companies seeking federal leases, federal agencies managing energy development (like the Bureau of Land Management), and state governments that may receive revenue from energy production. The legislation also includes provisions for geothermal leasing, coal development, offshore oil and gas leasing, and transparency requirements for all federal energy permitting processes.