Second Trump Administration (2025-2028)
On May 2, 2025, the Department of the Interior announced that it plans to revise the Bureau of Ocean Energy Management’s Risk Management and Financial Assurance for OCS Lease and Grant Obligations Rule, which was issued under President Biden. 89 Fed. Reg. 31,544 (Apr. 24, 2024). The agency aims to finalize the rule in 2025 and will consider public comment on the proposed rule when published.
Biden Administration (2021-2024)
On April 24, 2024, the Department of the Interior's Bureau of Ocean Energy Management issued the Risk Management and Financial Assurance for OCS Lease and Grant Obligations Rule. 89 Fed. Reg. 31,544 (Apr. 24, 2024).