States that all federal law prohibitions against spending appropriated funds for oil and natural gas leasing and preleasing activities for any area of the Outer Continental Shelf shall have no force or effect.
Revokes all existing withdrawals by the President under the authority of the Outer Continental Shelf Lands Act. Declares that such withdrawals are no longer in effect.
Directs the Secretary of the Interior to conduct a sale of oil and gas leases on all submerged lands of the Outer Continental Shelf in the Eastern Gulf of Mexico that are depicted in a specified document entitled "Eastern Gulf of Mexico Lease Sale."