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Florida Coastal Protection and Gulf Oil/Gas Revenue Sharing

This act aims to include Florida in the Gulf of Mexico oil and gas revenue sharing program. It also extends the moratorium on drilling in certain areas of the Gulf of Mexico until 2032. This means potential additional funds for Florida and longer environmental protection from drilling.
Key points
Florida will receive a share of revenues from oil and gas production in the Gulf of Mexico, potentially benefiting the state financially.
The ban on new oil and gas drilling in certain areas of the Gulf of Mexico will be extended by 10 years, until 2032, enhancing marine environmental protection.
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Additional Information
Print number: 117_S_28
Sponsor: Sen. Rubio, Marco [R-FL]
Process start date: 2021-01-22