CORE Act of 2025
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
The CORE Act of 2025 aims to bolster national security and energy independence by enhancing offshore energy resource assessments and mapping. It directs the Secretaries of Energy, Interior, and State to conduct a comprehensive report on transboundary hydrocarbon reservoirs, particularly with Canada, and standardize existing offshore resource exploration reports. The bill also mandates updates to modeling techniques used for inventory and analysis, and a comparative analysis of offshore production practices with other major producing countries.
Key provisions
- Requires a joint report from the Secretaries of Energy, Interior, and State on transboundary hydrocarbon reservoirs, including legal frameworks and potential implications.
- Mandates the standardization of offshore resource exploration reports every 5 years.
- Directs the Secretary of the Interior to periodically assess the accuracy and cost-effectiveness of models used for inventory and analysis.
- Requires a comparative analysis of offshore oil and gas production practices with major producing countries.
- Includes an assessment of the impact of land withdrawals on offshore resource development.
- Calls for an inventory and analysis of non-energy mineral resources.
- Establishes a framework for regular review and standardization of offshore resource exploration methodologies.
- Requires data acquisition and application of new technologies, including AI and quantum computing, for resource estimation.
Bill text
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Sponsors
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2 on record
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