RISEE Act of 2022
- Last Action
- 11/17/2022
Actions
- 2022-11-17Placed on Senate Legislative Calendar under General Orders. Calendar No. 551.
- 2022-11-17Committee on Energy and Natural Resources. Reported by Senator Manchin with an amendment in the nature of a substitute. With written report No. 117-200.
- 2022-11-17Committee on Energy and Natural Resources. Reported by Senator Manchin with an amendment in the nature of a substitute. With written report No. 117-200.
- 2022-07-21Committee on Energy and Natural Resources. Ordered to be reported with an amendment in the nature of a substitute favorably.
- 2021-10-19Committee on Energy and Natural Resources Subcommittee on Public Lands, Forests, and Mining. Hearings held. With printed Hearing: S.Hrg. 117-453.
- 2021-06-17Read twice and referred to the Committee on Energy and Natural Resources.
- 2021-06-17Introduced in Senate
CRS Summary
As of 2022-11-17 (25)
Reinvesting In Shoreline Economies and Ecosystems Act of 2022 or the RISEE Act of 2022
This bill expands the amount of revenue generated from leases for energy development on federal land or submerged lands in the Outer Continental Shelf that is shared with certain states and coastal communities. For example, the bill dedicates a percentage of the revenue generated from offshore wind leases for coastal states. Currently, this revenue is deposited in the U.S. Treasury. In addition, the bill increases the amount of revenue generated from offshore oil and gas leases that is shared with states under the Gulf of Mexico Energy Security Act.
States must use the funding from the revenue for specified purposes, such as coastal restoration, conservation, or infrastructure.
Cosponsors (20)
- Bill Cassidy (R-LA)
- Christopher Coons (D-DE)
- Cindy Hyde-Smith (R-MS)
- Timothy Kaine (D-VA)
- Angus King (I-ME)
- Brian Schatz (D-HI)
- Jeanne Shaheen (D-NH)
- Chris Van Hollen (D-MD)
- Roger Wicker (R-MS)
- Martin Heinrich (D-NM)
- Richard Blumenthal (D-CT)
- John Kennedy (R-LA)
- Kirsten Gillibrand (D-NY)
- John Hickenlooper (D-CO)
- Dianne Feinstein (D-CA)
- Susan Collins (R-ME)
- Mark Warner (D-VA)
- Ben Cardin (D-MD)
- Christopher Murphy (D-CT)
- Steve Daines (R-MT)
Subjects
- Alternative and renewable resources
- Congressional oversight
- Electric power generation and transmission
- Energy revenues and royalties
- Government information and archives
- Government trust funds
- Gulf of Mexico
- Infrastructure development
- Marine and coastal resources, fisheries
- Oil and gas
- State and local finance
- Tax-exempt organizations
- Wildlife conservation and habitat protection
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.