CORE Act of 2025

HR 2556, the CORE Act of 2025, requires the Secretaries of Energy, Interior, and State to jointly produce a comprehensive report within 18 months of enactment. The report must assess shared oil and gas deposits across international borders (especially with Canada), analyze legal frameworks for joint development, evaluate economic/environmental impacts, and examine global offshore production practices. It also mandates a comparative analysis of U.S. offshore leasing and production against major global oil-producing nations, including data on lease offerings, production volumes, and market trends. The bill focuses on data gathering and analysis to inform future energy policy, directly affecting federal agencies responsible for implementing these reporting requirements. It does not create new regulations or alter current leasing practices but standardizes existing resource assessments under the Energy Policy Act of 2005.