119th Congress · Senate bill · Last action Jul 15, 2026
S. 4715IntroducedEnergy
Offshore Leasing Standards and Accountability Act of 2026
Sponsor: Sen. Schiff, Adam B. (D-CA)1 cosponsorIntroduced Jun 9, 2026
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In plain English
S. 4715, sponsored by Sen. Adam Schiff (D-CA), establishes fitness-to-operate standards that oil and gas companies must meet to conduct offshore drilling operations. The bill requires operators to maintain escrow accounts for decommissioning costs to cover cleanup and well abandonment expenses. The bill also restricts oil and gas companies from temporarily abandoning offshore wells, requiring either full decommissioning or continued active operations.
What’s in the bill (4 sections)
- Sec. 2. Fitness to operate standards for oil and gas operators on the
- Sec. 34. Fitness to operate standards for offshore oil and gas
- Sec. 3. Decommissioning escrow accounts
- Sec. 4. Restriction on temporary abandonment of wells
Generated by ThePolitibase from the bill text and CRS summary. Read the official text →
Where it is in the process
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Introduced
Jun 9
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Senate committee
Jun 9
3
Senate floor
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4
House
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5
Signed
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What happens next: Awaiting committee assignment or hearings in the Senate.
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Sponsor
Cosponsors (1)
AS
All Democratic.
Activity timeline
Jul 15
Jul 15
Jul 15
Committee on Energy and Natural Resources Subcommittee on Public Lands, Forests, and Mining. Hearings held.
Jun 9
Jun 9
Jun 9
Read twice and referred to the Committee on Energy and Natural Resources.
Jun 9
Jun 9
Jun 9
Introduced in Senate
Read the bill text
Official text via Congress.gov. Opens in a new tab.
Full action log
All 3 recorded actions since introduction · Source: Congress.gov
Jul 15
SENATECommittee on Energy and Natural Resources Subcommittee on Public Lands, Forests, and Mining. Hearings held.
Jun 9
SENATERead twice and referred to the Committee on Energy and Natural Resources.
Jun 9
Introduced in Senate
All 1 cosponsor
1 Democrat · 0 Republicans
Democrats (1)
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