SENATE 620118th CongressPlaced on Senate Legislative Calendar under General Orders. Calendar No. 578.

Alaska Offshore Parity Act

Last Action: 11/21/2024

Actions

2024-11-21Placed on Senate Legislative Calendar under General Orders. Calendar No. 578.
2024-11-21Committee on Energy and Natural Resources. Reported by Senator Manchin without amendment. Without written report.
2024-11-21Committee on Energy and Natural Resources. Reported by Senator Manchin without amendment. Without written report.
2024-11-19Committee on Energy and Natural Resources. Ordered to be reported without amendment favorably.
2023-03-02Read twice and referred to the Committee on Energy and Natural Resources.
2023-03-02Introduced in Senate

CRS Summary

As of 2023-03-02 (00)

Alaska Offshore Parity Act

This bill requires the Department of the Treasury to share more revenues derived from energy and mineral development in the Alaska Outer Continental Shelf (OCS) region with Alaska and its coastal political subdivisions. Currently, only revenue generated by certain nearshore areas of the OCS is shared with Alaska. The bill requires Treasury to share a specified portion of revenue derived from all areas in the Alaska OCS region. Alaska may use the funding from such revenue for coastal protection, coastal infrastructure, systems to reduce energy costs and greenhouse gas emissions, programs at institutions of higher education, and other related purposes.

Cosponsors (1)

Dan Sullivan (R-AK)

Subjects

Alaska
Energy revenues and royalties
Mining
State and local finance

Read on Congress.gov

Sourced from Congress.gov (public domain).

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