Prohibit future auctions of leases for oil and gas development in areas of the Gulf of Mexico that are within 125 miles of the coast of Florida and in most of the eastern Gulf of Mexico.
Estimated budgetary effects would primarily stem from
Reducing collections of offsetting receipts from offshore oil and gas leases
Reducing spending subject to appropriation for administrative expenses related to leasing activities in the affected regions of the Outer Continental Shelf (OCS)
Areas of significant uncertainty include
Estimating the amount and timing of any future government income from oil and gas leasing activities in the affected regions of the OCS under current law