S. 5378 — Outer Continental Shelf Lease Restoration Act of 2026

This section ratifies all prior environmental reviews, analyses, and consultations for terminated offshore wind lease areas under the Endangered Species Act and Marine Mammal Protection Act, deeming them sufficient for new lease issuance under the National Environmental Policy Act. It grants holders of adjacent leases the right to acquire terminated areas at the original per-acre minimum bid price, with apportionment by nearest OCS block when multiple adjacent leases exist, and returns unclaimed areas to the Outer Continental Shelf leasing inventory for a new sale within 90 days.