Federal Lands and Waters Leasing Transparency Act

This bill requires the federal government to explain to offshore oil and gas bidders why a lease sale bid may not achieve fair market value, including details about valuation methods used. It also prevents courts from delaying onshore lease issuance beyond 60 days unless a legal violation is proven, and limits court actions challenging offshore lease sales by prohibiting rulings that invalidate leases or delay related project approvals (like drilling permits). Instead, courts must send noncompliance issues back to the agency for correction while allowing ongoing project processing. The bill directly affects oil and gas companies bidding on federal leases, federal agencies managing lease sales, and courts handling related legal challenges.