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Coastal Support: New Funds for Protection and Renewable Energy

This act aims to redirect a portion of revenues from offshore oil, gas, and wind projects towards coastal protection and ecosystem restoration. This means more funding for environmental protection, climate resilience, and renewable energy development, potentially improving safety and quality of life in coastal regions. It also introduces greater transparency in how states spend these funds.
Key points
More money from offshore wind projects will go to coastal states for shoreline protection and infrastructure development.
The National Oceans and Coastal Security Fund will receive increased funding for scientific research, habitat protection, and community resilience.
States and local communities will be required to report on how they spend the received funds, increasing transparency.
Changes were made to the distribution of Gulf of Mexico revenues, removing limits and introducing new reporting requirements.
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Additional Information
Print number: 117_HR_9049
Sponsor: Rep. Fletcher, Lizzie [D-TX-7]
Process start date: 2022-09-29