The Offshore Parity Act of 2026 grants the states of Louisiana, Mississippi, and Alabama greater control over offshore resources by expanding their jurisdiction to three marine leagues in the Gulf of Mexico. Under this bill, the Secretary of the Interior would delegate authority to these states to manage oil, gas, and other energy activities on the newly included lands, provided the states demonstrate they have the resources and administrative capacity to do so. The legislation also allows these states to set their own rental rates and royalties for new leases while retaining federal oversight for endangered species and national security matters. Additionally, the act extends state management powers to fisheries in the same expanded area, enabling local oversight of fishing resources within these new boundaries.
This bill, the Protect Domestic Oil and Gas Small Business Act of 2026, exempts small oil and gas wells from certain federal air quality standards and reporting requirements under the Clean Air Act. It defines a "marginal well" as one producing 15 barrels of oil or less per day, or 90,000 cubic feet of natural gas or less per day, and removes obligations for monitoring, leak detection, and emissions testing for these sites. The legislation also mandates that the EPA approve state plans excluding marginal wells within 180 days and must terminate any ongoing enforcement actions against such wells. Additionally, the EPA is required to update its regulations within 180 days of the bill's enactment to implement these new exemptions.
The Next-Generation Geothermal Research and Development Act expands federal geothermal research to include advanced technologies like closed-loop and supercritical systems. It directs the Department of Energy to create a new research program, establish a center of excellence, and award grants for developing drilling equipment and materials needed for these systems. The bill also requires the creation of a public database for geothermal data and mandates periodic reports on water usage and the commercial potential of next-generation geothermal energy.
Energy Consumer Protection Act of 2026 This bill expands enforcement provisions under the Federal Power Act and the Natural Gas Act to protect consumers from price manipulation, including by allowing the Federal Energy Regulatory Commission to temporarily or permanently ban any person from trading in energy markets if the person (1) violates those acts by manipulating the electricity or natural gas markets, or (2) files false information regarding those markets.
This bill, the Energy Consumer Protection Act of 2026, strengthens enforcement powers for the Federal Energy Regulatory Commission (FERC) to protect consumers in the electricity and natural gas markets. It allows FERC to ban companies or individuals who violate reporting rules or engage in deceptive practices from buying or selling energy and related services. The legislation also adds specific penalties for knowingly submitting false information about natural gas prices or availability to federal agencies. These changes apply to utilities, energy traders, and other market participants regulated by FERC.
The LNG Export Security Act amends the Natural Gas Act to redefine 'public interest' when evaluating natural gas projects. This change requires federal officials to explicitly consider the development of U.S. gas facilities, domestic supply levels, economic interests, and national security. The bill directly affects regulators and companies involved in natural gas exports by adding specific criteria they must weigh in their decisions.
This bill establishes a new excise tax on crude oil extracted or imported by large oil companies and uses the revenue to provide rebates to eligible consumers. The tax would be imposed on companies that extract or import over 300,000 barrels of crude oil per day, at a rate of 50% of the difference between the current Brent crude oil price and a 2025 baseline price, adjusted for inflation. All revenue from this tax would be deposited into a new "Protect Consumers from Gas Hikes Fund." This fund would then be used to provide refundable tax credits, or rebates, to eligible individuals, with the rebate amount determined by the Secretary based on fund revenues and the number of eligible individuals. These rebates would be phased out for individuals with adjusted gross incomes exceeding certain thresholds, such as $150,000 for joint filers.
This bill, the American LNG First Act of 2026, modifies U.S. maritime laws to allow foreign-owned vessels to transport liquefied natural gas (LNG) within U.S. waters, provided they meet specific ownership and crew restrictions. It directly affects ship operators and the LNG industry by creating an exemption from coastwise laws that typically require vessels transporting domestic goods to be U.S.-built and U.S.-flagged. The key provision excludes vessels owned or crewed by Russian or Chinese nationals, as well as those flagged to Russia or China, from this exemption. By allowing eligible foreign vessels to carry LNG while maintaining restrictions on Russian and Chinese entities, the bill aims to increase supply options without opening access to competitors from sanctioned countries.
This bill targets Hungarian officials who continue to facilitate Russian oil and gas imports or block financial aid to Ukraine, imposing sanctions on those individuals. The key mechanism requires the President to ban property transactions and revoke U.S. visas for Hungarian government officials who obstruct Ukraine assistance or approve Russian energy imports after the law is enacted. Sanctions can be waived if Hungary adopts a public plan to end Russian energy dependence by 2028 and stops blocking Ukraine aid for at least 180 days. Additionally, the bill mandates a report from Treasury and State officials detailing any U.S. licenses or approvals that enabled Hungary to purchase Russian oil and gas.
This bill establishes a new Refined Fuel Storage Reserve in eight Western States to store gasoline, diesel, and jet fuel as part of the national Strategic Petroleum Reserve. The Energy Department must identify and select one storage location within six months of enactment, prioritizing areas dependent on imported fuel or likely to face shortages, and must fill the reserve to at least 75 percent capacity over five years using existing federal funding. The reserve can be used during emergencies or supply disruptions, and the Energy Secretary may partner with state and local governments to store non-federal fuel in the facility. The bill also requires annual reports to Congress on the reserve's establishment, operations, and future recommendations.