; (4) in clause (ii) of subsection (a)(2)(A), by striking a reasonable period of time and inserting 30 days ; and (5) in subsection (a)(7), by inserting in a manner that minimizes harmful impacts to the marine and coastal environment after lease area . 513. OCS leasing procedures (a) Financial assurance and fiscal responsibility Section 8 of the Outer Continental Shelf Lands Act ( 43 U.S.C. 1337 ) is amended by adding at the end the following: (q) Review of bond and surety amounts Not later than May 1, 2018, and every 5 years thereafter, the Secretary shall review the minimum financial responsibility requirements for leases issued under this section and shall ensure that any bonds or surety required are adequate to comply with the requirements of this Act or the Oil Pollution Act of 1990 ( 33 U.S.C. 2701 et seq.). (r) Periodic fiscal review and report (1) In general Not later than 1 year after the date of enactment of this subsection and every 3 years thereafter, the Secretary shall carry out a review and prepare a report setting forth— (A) (i) the royalty and rental rates included in new offshore oil and gas leases; and (ii) the rationale for the rates; (B) whether, in the view of the Secretary, the royalty and rental rates described in subparagraph (A) will yield a fair return to the public while promoting the production of oil and gas resources in a timely manner; (C) (i) the minimum bond or surety amounts required pursuant to offshore oil and gas leases; and (ii) the rationale for the minimum amounts; (D) whether the bond or surety amounts described in subparagraph (C) are adequate to comply with subsection (q)