ReWIND Act
Latest action · May 5, 2020 Read twice and referred to the Committee on Energy and Natural Resources.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMay 5, 2020
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Resources for Workforce Investments, Not Drilling Act or the ReWIND Act
This bill limits the financial assistance that fossil fuel companies may receive from programs that provide relief to businesses affected by the COVID-19 (i.e., coronavirus disease 2019) outbreak, the Department of Interior's authority with respect to fossil fuels, the types and amount of oil that may be placed in the Strategic Petroleum Reserve (SPR), and the issuance or modification of rules until the COVID-19 national emergency terminates.
Specifically, it prohibits fossil fuel businesses from receiving financial assistance, loans, and loan guarantees under specified provisions of the Defense Production Act of 1950 and the Coronavirus Aid, Relief, and Economic Security Act or the CARES Act. Further, certain financial institutions (e.g., banks) that receive funding under the CARES Act may not operate or invest in such businesses for two years.
In addition, Interior may not (1) conduct lease sales for oil or natural gas; (2) issue leases for oil, natural gas, or coal; (3) modify regulations related to fossil fuel; or (4) reduce or eliminate royalty rates for fossil fuel leases on federal lands and in federal waters.
The bill decreases the storage cap on the SPR and declares that privately-owned oil may not be stored in the SPR.
Finally, the bill suspends the issuance of new rules until the national emergency terminates unless the rules are specifically required to respond to, or recover from, COVID-19.
Cosponsors 9
Members who signed on, in the order they did. Signatures ran from May 5, 2020 to Jun 3, 2020, with 8 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| I-VT | Bernard Sanders | Original | May 5, 2020 |
| D-NJ | Cory A. Booker | Original | May 5, 2020 |
| D-MA | Edward J. Markey | Original | May 5, 2020 |
| D-MA | Elizabeth Warren | Original | May 5, 2020 |
| D-CA | Kamala D. Harris | Original | May 5, 2020 |
| D-NY | Kirsten E. Gillibrand | Original | May 5, 2020 |
| D-CT | Richard Blumenthal | Original | May 5, 2020 |
| D-OR | Ron Wyden | Original | May 5, 2020 |
| D-MD | Chris Van Hollen | Jun 3, 2020 |
Actions 2
Everything that happened, newest first.
- May 5, 2020Introduced in Senate
- May 5, 2020Read twice and referred to the Committee on Energy and Natural Resources.
Related bills 5
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 3488 | A bill to amend the Mineral Leasing Act to repeal a provision relating to the suspension, waiver, or reduction of rents or royalties by the Secretary of the Interior to promote development or operation, to amend the Outer Continental Shelf Lands Act to li | Related bill | Mar 12, 2020 |
| S 4887 | End Polluter Welfare Act of 2020 | Related bill | Nov 10, 2020 |
| HR 6289 | STOP Act of 2020 | Related bill | Apr 1, 2020 |
| HR 6707 | ReWIND Act | Related bill | May 27, 2020 |
| HR 7781 | End Polluter Welfare Act of 2020 | Related bill | Sep 3, 2020 |
Subjects
Assigned by the Library of Congress. Policy area: Energy.
- Administrative law and regulatory procedures
- Banking and financial institutions regulation
- Cardiovascular and respiratory health
- Coal
- Corporate finance and management
- Credit and credit markets
- Emergency medical services and trauma care
- Energy
- Energy revenues and royalties
- Energy storage, supplies, demand
- Financial services and investments
- Government lending and loan guarantees
- Infectious and parasitic diseases
- Marine and coastal resources, fisheries
- Military procurement, research, weapons development
- Mining
- Oil and gas
- Public contracts and procurement
- Public participation and lobbying
- Strategic materials and reserves
Text 1
Each version as it was printed, newest first.
- May 5, 2020Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.
