Outer Continental Shelf Lease Restoration Act of 2026

The Outer Continental Shelf Lease Restoration Act of 2026 allows companies holding adjacent offshore wind leases to acquire nearby areas where previous wind energy leases were surrendered, paying only the original minimum bid price per acre. The bill ratifies prior environmental reviews for these specific lease areas to streamline the transfer process, while requiring that any unclaimed land be re-offered for sale within 90 days under the same terms as before. Companies that originally surrendered their leases are barred from reacquiring those specific areas, and the Secretary of the Interior is prohibited from issuing new oil or gas permits until all wind lease transfers and re-sales are completed.