,i #aai? ,,congress #a/ ,session ,h4 ,r4 #beef ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,april #a1 #bjbe,mr4 ,hunt introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,natural ,res\rces1 & 9 addition to ! ,committees on ,en]gy & ,comm]ce1 & ,=eign ,affairs1 = a p]iod to be subsequ5tly det]m9$ by ! ,speak]1 9 ea* case = consid]ation ( su* provisions z fall )9 ! jurisdiction ( ! committee conc]n$ ,a ,,bill ,to enhance national security & en]gy indep5d5ce ?r\gh compreh5sive (f%ore en]gy res\rce assessm5t & mapp+1 to e/abli% a framework = ! regul> review & /&>dization ( (f%ore res\rce exploration me?odologies1 & = relat$ purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,compreh5sive ,(f%ore ,res\rce ,enhancem5t ,act ( #bjbe or ! ,,core ,act ( #bjbe4 #b4 ,assessm5t ( (f%ore en]gy res\rces & res]ves 7a7 ,def9itions ,9 ?is section3 7#a7 ,exploration2 developm5t1 production ,! t]ms exploration1 developm5t1 & production h ! mean+s giv5 su* t]ms 9 section #b ( ! ,out] ,cont95tal ,%elf ,l&s ,act 7#dc ,u4,s4,c4 #acca74 7#b7 ,secret>ies ,! t]m ,secret>ies means ! ,secret>y ( ,en]gy1 ! ,secret>y ( ! ,int]ior1 & ! ,secret>y ( ,/ate4 7b7 ,report on transb\nd>y hydroc>bon res]voirs 7#a7 ,9 g5]al ,n lat] ?an #ah mon?s aft] ! date ( enactm5t ( ?is ,act1 ! ,secret>ies %all jo9tly submit to ! ,committee on ,en]gy & ,natural ,res\rces & ! ,committee on ,=eign ,relations ( ! ,s5ate & ! ,committee on ,en]gy & ,comm]ce1 ! ,committee on ,natural ,res\rces1 & ! ,committee on ,=eign ,affairs ( ! ,h\se ( ,repres5tatives a report t includes ! foll[+3 7,a7 ,an id5tification & assessm5t ( any exi/+ transb\nd>y hydroc>bon res]voirs1 includ+ ^? cov]$ by bilat]al m>itime b\nd>y treaties & agreem5ts1 & any pot5tial transb\nd>y areas = future exploration1 developm5t1 & production ( hydroc>bons4 7,b7 ,an analysis ( ! legal frameworks e/abli%$ by relevant m>itime b\nd>y treaties & agreem5ts1 includ+ provisions relat$ to ! equitable exploration1 developm5t1 & production ( transb\nd>y hydroc>bon res]voirs & me*anisms = resolv+ disputes1 & _! adoption by c\nt]p>ty nations4 7,c7 ,an evaluation ( ! pot5tial economic1 environm5tal1 & geopolitical implications ( transb\nd>y hydroc>bon exploration1 developm5t1 & production1 includ+ impacts on dome/ic en]gy security1 gre5h\se gas emissions1 & int]national relations4 7,d7 ,recomm5dations = enhanc+ coop]ation & coord9ation among ! ,unit$ ,/ates & neighbor+ c\ntries 9 ! exploration1 developm5t1 & production ( transb\nd>y hydroc>bon res]voirs1 includ+ me*anisms = in=mation %>+1 jo9t exploration1 developm5t1 & production1 & dispute resolution4 7,e7 ,data & insights d]iv$ f rec5t collaborative ef=ts betwe5 ! ,unit$ ,/ates & ,canada1 su* z seismic data collection1 & an analysis ( h[ su* ef=ts c in=m ! del9eation ( m>itime b\nd>ies4 7,f7 ,an exam9ation ( unresolv$ m>itime b\nd>ies betwe5 ! ,unit$ ,/ates & ,canada1 p>ticul>ly ^? involv+ pot5tial transb\nd>y hydroc>bon res]voirs1 & an id5tification ( pot5tial legal & diplomatic av5ues to resolve disputes ov] su* b\nd>ies1 includ+ ! possibility ( involv+ int]national judicial bodies su* z ! ,int]national ,c\rt ( ,ju/ice or a *amb] con/itut$ by su* ,c\rt pursuant to a special agreem5t betwe5 ! p>ties4 7,g7 ,a review ( exi/+ data on ! pot5tial = %>$ exploration1 developm5t1 & production ( transb\nd>y hydroc>bon res]voirs 9 disput$ m>itime zones betwe5 ! ,unit$ ,/ates & ,canada1 ) recomm5dations = fur!r /udies or negotiations to address unc]ta9ties & maximize jo9t exploration1 developm5t1 & production opportunities4 7,h7 ,a compreh5sive review ( activities by neighbor+ c\ntries1 includ+ ,cuba1 ,mexico1 ,canada1 ! ,bahamas1 & ,russia1 reg>d+ ! exploration1 developm5t1 seismic survey+1 drill+1 production1 or any o!r activity relat$ to transb\nd>y hydroc>bon res]voirs1 :i* su* review %all include ! /atus ( any bilat]al or multilat]al agreem5ts1 an assessm5t ( =eign exploration1 developm5t1 & production ef=ts )9 transb\nd>y zones adjac5t to ,unit$ ,/ates m>itime b\nd>ies1 & an analysis ( ! pot5tial implications ( ^! activities = ,unit$ ,/ates en]gy security1 environm5tal impacts1 & geopolitical consid]ations4 7#b7 ,o!r requirem5ts ,9 prep>+ ! report requir$ to be submitt$ "u p>agraph 7#a71 ! ,secret>ies %all-- 7,a7 prioritize ! acquisition & use ( advanc$ geophysical1 geological1 & geote*nical data & me?ods2 7,b7 acquire & apply new & em]g+ model+ & analytic te*nologies1 includ+ data analysis tools1 quantum comput+1 artificial intellig5ce1 model+1 & geographic in=mation sy/ems1 to approximate ! quantity & e/abli% a pe]-review$ range ( res\rces 9 ea* regional plann+ area ) a discussion ( ! upp] & l[] b\nd ( ! e/imates ) t discussion to include recomm5dations z to h[ to r$uce ! range ( unc]ta9ty2 & 7,c7 9 p>tn]%ip ) o!r relevant ,f$]al ag5cies1 includ+ ! ,national ,sci5ce ,f\ndation1 ! ,national ,oceanic & ,atmosph]ic ,adm9i/ration1 & ! ,(fice ( ,naval ,rese>*1 utilize any exi/+ m>itime vessels or deploy$ capability1 includ+ any geophysical1 geological1 or relat$ mapp+ te*nologies4 7c7 ,/&>dization ( exi/+ reports ,section #ceg ( ! ,en]gy ,policy ,act ( #bjje 7#db ,u4,s4,c4 #aeiab7 is am5d$-- 7#a7 9 subsection 7a7-- 7,a7 by ins]t+ 1 9 consultation ) o!r relevant ,f$]al ag5cies & n less frequ5tly ?an once e #e ye>s1 aft] ,secret>y %all2 & 7,b7 9 p>agraph 7#a71 by /rik+ ( ,mexico & ,canada2 7#b7 by r$esignat+ subsection 7b7 z subsection 7d72 7#c7 by ins]t+ aft] subsection 7a7 ! foll[+3 7b7 ,inclusions ,an inv5tory & analysis conduct$ "u subsection 7a7 %all include ! foll[+3 7#a7 ,an assessm5t ( ! approximate quantity ( undiscov]$ res\rces 9 ! ,atlantic region1 ! ,pacific region (f ! coa/s ( ,cali=nia1 ,oregon1 ,wa%+ton1 & ,hawaii1 ! ,alaska region1 ! ,gulf ( ,am]ica region1 & (f%ore ( t]ritories ( ! ,unit$ ,/ates1 :i* %all include ! foll[+3 7,a7 ,a detail$ analysis ( h[ ! future production ( ^! undiscov]$ res\rces c\ld influ5ce ! ,unit$ ,/ates capacity to competitively produce1 m>ket1 & export hydroc>bons on a global scale4 ,su* detail$ analysis %all consid] key m>ket v>iables su* z global supply & dem& dynamics1 project$ price po9ts1 geopolitical factors1 & ! role ( ,unit$ ,/ates production 9 ma9ta9+ global en]gy security4 7,b7 ,an economic analysis ( h[ ! developm5t & production ( ^! undiscov]$ res\rces w\ld affect dome/ic employm5t across ! supply *a94 ,su* economic analysis %all include direct1 indirect1 & induc$ job impacts1 emphasiz+ ! pot5tial = job creation 9 exploration1 production1 ref9+1 logi/ics1 & associat$ indu/ries4 7#b7 ,an id5tification & assessm5t ( h[ ! unavailability = leas+ ( any l&s t are )drawn "u section #ab ( ! ,out] ,cont95tal ,%elf ,l&s ,act 7#dc ,u4,s4,c4 #acda7 or "p ( ! ,national ,m>9e ,sanctu>y ,sy/em e/abli%$ by section #cja7;c7 ( ! ,national ,m>9e ,sanctu>ies ,act 7#af ,u4,s4,c4 #adca7;c77 affects-- 7,a7 ! exploration1 developm5t1 & production ( oil & gas2 7,b7 national security1 includ+ ! ,nation's ability to supply ! ,arm$ ,=ces1 its allies1 & trade p>tn]s ) products d]iv$ f (f%ore oil or gas2 7,c7 dome/ic jobs & employm5t2 & 7,d7 ! am\nt ( rev5ue ,/ates & coa/al political subdivisions receive pursuant to-- 7i7 section #aje ( ! ,gulf ( ,mexico ,en]gy ,security ,act ( #bjjf 7#dc ,u4,s4,c4 #acca note72 7ii7 ! ,l& & ,wat] ,cons]vation ,fund 7e/abli%$ "u section #bjjcja ( title #ed1 ,unit$ ,/ates ,code72 & 7iii7 division ,a ( subtitle ,,iii ( title #ed 7commonly ref]r$ to z ! #8,national ,hi/oric ,pres]vation ,act'74 7#c7 ,an assessm5t1 includ+ id5tification ( locations1 ( non-en]gy m9]al res\rces = comm]cial or national security op]ations1 includ+ /one1 s&1 & gravel1 & (f%ore critical m9]als4 7c7 ,updat+ models 7#a7 ,assessm5t ,! ,secret>y %all1 9 consultation ) ! ,national ,petroleum ,c\ncil1 ! ,society ( ,petroleum ,eng9e]s1 & ! ,unit$ ,/ates ,association = ,en]gy ,economics1 p]iodically conduct an assessm5t ( ! co/s1 b5efits1 & accuracy ( ! models utiliz$ by ! ,dep>tm5t ( ! ,int]ior to conduct an inv5tory & analysis "u subsection 7a74 ,! fir/ assessm5t "u ?is p>agraph %all be conduct$ n lat] ?an #a ye> aft] ! date ( enactm5t ( ! ,,core ,act ( #bjbe1 & subsequ5t assessm5ts n less frequ5tly ?an once e #aj ye>s !reaft]4 7#b7 ,updates & reports 7,a7 ,9 g5]al ,n lat] ?an #a ye> aft] ! date on :i* ! ,secret>y conducts an assessm5t "u p>agraph 7#a71 ! ,secret>y ( ! ,int]ior %all1 bas$ on su* assessm5t-- 7i7 update ! models describ$ 9 su* p>agraph & publi% a report on su* update2 or 7ii7 publi% a report on :y an update to su* models is n necess>y4 7,b7 ,inclusions ,ea* report publi%$ "u subp>agraph 7,a7 %all include ! foll[+3 7i7 ,a cle>1 detail$ explanation ( any updates made to ! models describ$ 9 p>agraph 7#a7 or :y updates 7 n necess>y4 7ii7 ,an evaluation describ+ h[ any updates made "u subp>agraph 7,a7 improve ! accuracy1 co/-effectiv5ess1 & reliability ( ! inv5tories & analyses conduct$ "u subsection 7a74 7iii7 ,if any updates recomm5d by ! ,national ,petroleum ,c\ncil1 ! ,society ( ,petroleum ,eng9e]s1 or ! ,unit$ ,/ates ,association = ,en]gy ,economics are n incorporat$1 a detail$ explanation ( :y su* updates 7 n incorporat$4 2 & 7#d7 9 subsection 7d7 7z s r$esignat$7-- 7,a7 by /rik+ ,! ,secret>y %all submit & ins]t+ ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ! ,,core ,act ( #bjbe1 ! ,secret>y %all submit2 & 7,b7 by /rik+ 1 )9 #f mon?s ( ! date ( enactm5t ( ! section4 #c4 ,comp>ative analysis ( production practices f (f%ore produc+ c\ntry ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is ,act1 & n less frequ5tly ?an once e #aj ye>s !reaft]1 ! ,secret>y ( ! ,int]ior1 9 consultation ) ! ,secret>y ( ,/ate & ! ,secret>y ( ,en]gy1 %all publi% on ! website ( ! ,dep>tm5t ( ! ,int]ior & submit to ! ,committee on ,natural ,res\rces ( ! ,h\se ( ,repres5tatives & ! ,committee on ,en]gy & ,natural ,res\rces ( ! ,s5ate a comp>ative analysis ( ! (f%ore oil & gas exploration1 developm5t1 & production practices = ea* major (f%ore produc+ c\ntry4 ,to ! fulle/ ext5t practicable1 su* comp>ative analysis %all include ! foll[+3 7#a7 ,data on-- 7,a7 ! numb] ( (f%ore acres (f]$ = lease2 7,b7 ! frequ5cy ( lease auctions1 sales1 & lease issuances2 & 7,c7 lease /ructures1 fiscal t]ms1 & ! competitive position+ ( ea* major (f%ore produc+ c\ntry relative to ,unit$ ,/ates leas+ practices4 7#b7 ,detail$ report+ on ! volume ( oil & gas produc$ 7measur$ 9 b>rels on an annual basis & cubic feet1 respectively71 includ+ hi/orical tr5ds1 production =eca/s1 & ! influ5ce ( te*nological advancem5ts on production effici5cy & recov]y rates4 7#c7 ,an acc\nt+ ( regional m>ket dem&s1 export capabilities1 & contributions to en]gy div]sification /rategies4 7#d7 ,an assessm5t1 :i* %all be made 9 collaboration ) ! ,unit$ ,/ates ,geological ,survey1 ( ! volume ( bo? undiscov]$ & discov]$ (f%ore oil & gas res\rces1 includ+ probabili/ic e/imates ( res\rce volumes t consid] geological1 te*nological1 & m>ket factors impact+ exploration1 developm5t1 & production4