Electing Members to certain standing committees of the House of Representatives.
- Last Action
- 12/6/2023
Actions
- 2023-02-21Referred to the Subcommittee on Energy and Mineral Resources.
- 2023-02-09Referred to the Committee on Natural Resources, and in addition to the Committee on Science, Space, and Technology, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- 2023-02-09Referred to the Committee on Natural Resources, and in addition to the Committee on Science, Space, and Technology, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- 2023-02-09Introduced in House
- 2023-02-09Introduced in House
CRS Summary
As of 2023-02-09 (00)
Reinvesting In Shoreline Economies and Ecosystems Act of 2023 or the RISEE Act of 2023
This bill increases revenue streams provided to states from offshore wind projects, offshore oil and gas leases, and onshore energy and mineral resources. States must use the revenue for specified purposes, such as coastal restoration, conservation, or infrastructure.
Specifically, the bill requires revenues generated from offshore wind projects carried out under a lease entered into on or after January 1, 2022, to be deposited into accounts for the U.S. Treasury, the National Oceans and Coastal Security Fund, and adjacent coastal states. Currently, this revenue is deposited in the U.S. Treasury. The Department of the Interior must disburse the revenue to a state in an amount that is based on a formula that is inversely proportional to a state's distance from the offshore wind site.
In addition, the bill removes the cap on the amount of revenue generated from offshore oil and gas leases that may be shared with states under the Gulf of Mexico Energy Security Act of 2006.
It also eliminates a fee under the Mineral Leasing Act that Interior currently collects to administer the onshore revenue sharing program.
Cosponsors (20)
- Randy Weber (R-TX)
- Donald Davis (D-NC)
- Nancy Mace (R-SC)
- Abigail Spanberger (D-VA)
- ANNA ESHOO (D-CA)
- Jimmy Panetta (D-CA)
- Troy Nehls (R-TX)
- David Trone (D-MD)
- Sylvia Garcia (D-TX)
- Joseph Morelle (D-NY)
- Mary Scanlon (D-PA)
- Julia Brownley (D-CA)
- Michael Lawler (R-NY)
- Seth Magaziner (D-RI)
- Shontel Brown (D-OH)
- Colin Allred (D-TX)
- Jennifer Kiggans (R-VA)
- Troy Carter (D-LA)
- Donald Payne (D-NJ)
- Mikie Sherrill (D-NJ)
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.