The Offshore Parity Act of 2026 is designed to empower the states of Louisiana, Mississippi, and Alabama by granting them greater control over submerged lands in the Gulf of Mexico. The primary goals of the Act are to enhance resource management, particularly concerning oil, gas, and fisheries, while promoting equity in the oversight of these coastal areas. A significant provision of the Act allows these states to manage submerged lands extending from three geographical miles to three marine leagues offshore.