US HB3948

Secretary of the Interior must issue final regulations for offshore oil and gas pipelines on the Outer Continental Shelf within 18 months, requiring third-party internal and external inspections at least every two years and leak detection systems with continuous volumetric monitoring

Bureau of Safety and Environmental Enforcement (BSEE) and Bureau of Ocean Energy Management must jointly study environmental risks of decommissioning pipelines in place versus removing them, with a report to Congress within 18 months

Annual fees imposed on offshore pipeline owners: $10,000 per mile for pipelines in water depths of 500 feet or greater, and $1,000 per mile for shallower pipelines, to fund decommissioning if owners file for bankruptcy

Exposed segments of active or decommissioned pipelines must be removed, properly decommissioned, or re-secured to the sea floor by BSEE

BSEE must complete a study on environmental risks of chemical products used in oil and gas operations within two years, and all provisions must consider potential impacts on reef fish habitat before taking effect