Nonrestrictive Offshore Wind Act or the NOW Act This bill repeals certain requirements that the Department of the Interior must meet before issuing a lease for offshore wind development. Under the Inflation Reduction Act of 2022, Interior may not issue a lease unless (1) an offshore oil and gas lease sale has been held in the year prior to issuing the lease, and (2) Interior offers a specified minimum acreage for offshore lease sales in the previous year. The bill repeals those requirements.
Nonrestrictive Offshore Wind Act or the NOW Act This bill repeals certain requirements that the Department of the Interior must meet before issuing a lease for offshore wind development. Under the Inflation Reduction Act of 2022, Interior may not issue a lease unless (1) an offshore oil and gas lease sale has been held in the year prior to issuing the lease, and (2) Interior offers a specified minimum acreage for offshore lease sales in the previous year. The bill repeals those requirements.