CBO says energy bill up next week in the House would increase federal revenues

However, it said increased lease sales off the coast of Virginia would lead to another $40 million in revenues over the next decade.

CBO also said it would cost about $2 million for Interior to complete environmental assessments to prepare for the sales near Virginia.

H.R. 1230 is one of two energy bills up next week. The other, H.R. 1229, would require Interior to act within 30 days on applications to drill in the Gulf of Mexico.

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