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119-hr-2556119th CongressWALLET

CORE Act of 2025

Sponsored By: Representative Hunt, Wesley [R-TX-38]

In Committee

Summary

Standardize offshore resource assessments to strengthen U.S. energy security and guide cooperation on cross-border oil and gas reservoirs. The bill would set up a multi‑agency framework to map, model, and analyze transboundary hydrocarbon areas and global producing practices.

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  • Workers and local economies: It would require an economic analysis of how developing undiscovered offshore resources could affect jobs across the supply chain, including direct, indirect, and induced job impacts.
  • Federal agencies and planners: It would standardize inventories and analyses at least once every 5 years, require an assessment of modeling within 1 year, and push use of advanced geophysical data and new tools like artificial intelligence and quantum computing to tighten resource estimates.
  • International relations and energy security: It would require an 18‑month report identifying transboundary reservoirs, review neighbor activities including Canada, Mexico, Cuba, the Bahamas, and Russia, and recommend cooperation, joint development, and dispute resolution options, including possible recourse to international courts.

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Bill Overview

Analyzed Economic Effects

3 provisions identified: 0 benefits, 0 costs, 3 mixed.

Review of shared offshore oil fields

The Energy, Interior, and State Departments would send Congress a joint report within 18 months on offshore oil and gas fields that cross borders. It would review treaty rules and dispute tools, and the effects on U.S. energy security, emissions, and relations. It would suggest ways to share data and do joint exploration and production. It would use recent U.S.–Canada work, examine unresolved U.S.–Canada boundaries, and review activities by Cuba, Mexico, Canada, the Bahamas, and Russia.

Compare U.S. offshore oil and gas practices

Interior would publish a comparison of offshore oil and gas practices in major producing countries within 1 year, and at least every 10 years after. It would cover acres offered, how often leases are sold, and fiscal terms, compared to U.S. rules. It would report production volumes, trends, and forecasts, and review market demand and export capacity. With the U.S. Geological Survey, it would include estimates of discovered and undiscovered offshore resources.

Regular updates on offshore energy resources

Interior would update offshore resource inventories at least every 5 years, with a first report due within 1 year. The inventories would estimate undiscovered oil and gas in the Atlantic, Pacific off California, Oregon, Washington, and Hawaii, Alaska, the Gulf of America, and U.S. territories. They would analyze how future production could affect U.S. supply, exports, and jobs across the supply chain. They would assess how protected areas and sanctuaries change exploration and the money states and coastal communities receive, and map stone, sand, gravel, and offshore critical minerals. Interior would also review and update its models with expert groups, first within 1 year and then at least every 10 years, and publish reports on any updates or explain why none are needed.

Sponsors & CoSponsors

Sponsor

Hunt, Wesley [R-TX-38]

TX • R

Cosponsors

  • Rep. Begich, Nicholas J. [R-AK-At Large]

    AK • R

    Sponsored 6/25/2025

Roll Call Votes

No roll call votes available for this bill.

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