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More Funding for States: Coastal Protection and Offshore Wind Revenue Sharing

This law changes how revenues from offshore resource extraction and wind energy are shared, directing significantly more funds to coastal states. Citizens benefit from increased coastal resilience against hurricanes, better marine environment protection, and funding for local infrastructure projects. Funding caps on revenue sharing from the Gulf of Mexico are also removed, ensuring more stable financing for those regions.
Key points
Coastal states will receive 37.5% of revenues (fees, rentals, royalties) from new offshore wind energy projects for coastal protection and infrastructure.
Funding caps on oil and gas revenue sharing from the Gulf of Mexico are eliminated, meaning more resources for Gulf States for coastal protection projects.
These funds must be used for hurricane protection, habitat restoration, scientific research, and infrastructure, not primarily for entertainment projects.
The federal administrative fee on mineral leasing revenues is eliminated, increasing the amounts distributed to states and the Treasury.
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Additional Information
Print number: 118_HR_913
Sponsor: Rep. Fletcher, Lizzie [D-TX-7]
Process start date: 2023-02-09
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

RISEE Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_913.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-02-09.

What are the main provisions?

Key points include:

  • Coastal states will receive 37.5% of revenues (fees, rentals, royalties) from new offshore wind energy projects for coastal protection and infrastructure.
  • Funding caps on oil and gas revenue sharing from the Gulf of Mexico are eliminated, meaning more resources for Gulf States for coastal protection projects.
  • These funds must be used for hurricane protection, habitat restoration, scientific research, and infrastructure, not primarily for entertainment projects.
  • The federal administrative fee on mineral leasing revenues is eliminated, increasing the amounts distributed to states and the Treasury.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Fletcher, Lizzie [D-TX-7].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Energy and Mineral Resources.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-30.

CATEGORIES

Environment Public Investments Economy