Offshore Parity Act of 2024
The bill would significantly alter the way submerged lands and related resources are managed in the Gulf of Mexico. By enabling these states to oversee leases, easements, and rights-of-way on the expanded submerged land, it shifts authority and responsibility from federal to state levels. This delegation would also escort various financial consequences, allowing states to collect rentals and royalties from new leases, while existing federal leasing rules would not apply to the state-managed leases. Moreover, the act acknowledges the importance of protecting the rights of current lessees while enhancing state revenues from resource management.
House Bill 10183, known as the 'Offshore Parity Act of 2024', aims to amend the Outer Continental Shelf Lands Act and the Magnuson-Stevens Fishery Conservation and Management Act. Its primary goal is to allow the states of Louisiana, Mississippi, and Alabama to manage certain expanded submerged lands off their coasts. Specifically, the bill proposes extending their seaward boundaries from three geographical miles to three marine leagues, provided the states meet stipulated conditions within five years of the bill's enactment. By granting states the authority to manage these submerged lands, the bill seeks to provide equity and improve the management of natural resources in these regions, particularly in the context of fisheries and energy resources.
Some potential points of contention could arise from concerns over environmental management and regulatory oversight. By shifting management to state authorities, there are fears that local interests may prioritize immediate economic benefits over long-term ecological sustainability. Moreover, the provision that states would not need to prepare a five-year leasing plan or follow minimum federal standards could empower states at the potential expense of environmental protections. There may also be concerns about the adequacy of resources and capabilities of state agencies to manage these vast areas effectively.