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 stated that its expected revisions will "massively cut costs and red tape related to the current Biden process and free up billions of dollars for American producers to use to lease, explore, drill, and produce oil and gas in the Gulf of America while protecting American taxpayers against high-risk decommission liabilities."
The agency plans to finalize the rule in 2025 and will consider public comment on the proposed rule when published.