To prohibit activities other than certain required environmental or oceanographic studies under the Outer Continental Shelf Lands Act within the outer continental shelf off the State of Florida, and for other purposes.

[AI summary unavailable — showing source text] Prohibits the Secretary of the Interior from either conducting any lease sales, or issuing any new leases in any area of the outer continental shelf off the State of Florida, between the seaward lateral boundary between Florida and Alabama and the seaward lateral boundary between Florida and Georgia. Sets forth a moratorium period. Requires the Secretary to: (1) undertake specified environmental or oceanographic studies; (2) initiate cancellation of all leases within a specified area; and (3) report annually to the Congress on the status of such cancellations. Provides that: (1) compensation for such leases shall be paid out of the Treasury; and (2) the State of Florida shall incur no cost or other liability as a consequence of such lease cancellations. Authorizes appropriations.…