NEW YORK (CNNMoney.com) -- The U.S. House of Representatives approved a controversial bill Thursday that opens up vast stretches of the U.S. coast to oil and gas drilling, paving the way for a reversal of a 25-year ban on energy exploration off a majority of the country's shoreline.
Congressional staffers say the bill will have a harder time in the Senate, which is currently considering a much more modest proposal.
The bipartisan bill, which passed by a 232 to 187 margin, will give individual states the right to allow drilling in the federal waters that extend from 3 to 100 miles off the coast and permanently open the federal waters between 100 and 200 from shore.
Currently, most drilling is allowed only in parts of the Gulf of Mexico.
The bill also provides states an incentive to open waters under their control, as it directs some royalties to state coffers. Currently all royalties from energy extraction in federal waters go to Washington.
The bill targets the natural gas rich Atlantic coast, the Pacific coast and portions of Alaska, and the west coast of Florida.
Congressional staffers say the bill will have a harder time in the Senate, which is currently considering a much more modest proposal.
The bipartisan bill, which passed by a 232 to 187 margin, will give individual states the right to allow drilling in the federal waters that extend from 3 to 100 miles off the coast and permanently open the federal waters between 100 and 200 from shore.
Currently, most drilling is allowed only in parts of the Gulf of Mexico.
The bill also provides states an incentive to open waters under their control, as it directs some royalties to state coffers. Currently all royalties from energy extraction in federal waters go to Washington.
The bill targets the natural gas rich Atlantic coast, the Pacific coast and portions of Alaska, and the west coast of Florida.