Offshore Wind for Territories Act
This bill addresses offshore wind development and coral reef conservation.
The Department of the Interior may conduct wind and mineral development lease sales on the Outer Continental Shelf in the U.S. Exclusive Economic Zone adjacent to U.S. territories.
The bill establishes the Coral Reef Conservation Fund for the Department of Commerce to carry out the Coral Reef Conservation Act of 2000, including to preserve, sustain, and restore the condition of coral reef ecosystems.
The bill also specifies requirements for distributing revenues from the leases authorized by this bill to the Treasury, the Coral Reef Conservation Fund, and U.S. territories.