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H.R. 2131: Gulf Conservation and Recreation Funding Act

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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress, and was published on Mar 23, 2021.

Gulf Conservation and Recreation Funding Act

This bill requires the Department of the Interior to annually pay Gulf producing states (Alabama, Louisiana, Mississippi, and Texas) and each of their coastal political subdivisions an amount equal to the amount of revenue they will not receive due to moratorium on new oil and natural gas leases in offshore waters. The moratorium was established under Executive Order 14008 on January 27, 2021.