RISEE Act of 2023
Latest action · Feb 21, 2023 Referred to the Subcommittee on Energy and Mineral 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.
- IntroducedFeb 9, 2023
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Reinvesting In Shoreline Economies and Ecosystems Act of 2023 or the RISEE Act of 2023
This bill increases revenue streams provided to states from offshore wind projects, offshore oil and gas leases, and onshore energy and mineral resources. States must use the revenue for specified purposes, such as coastal restoration, conservation, or infrastructure.
Specifically, the bill requires revenues generated from offshore wind projects carried out under a lease entered into on or after January 1, 2022, to be deposited into accounts for the U.S. Treasury, the National Oceans and Coastal Security Fund, and adjacent coastal states. Currently, this revenue is deposited in the U.S. Treasury. The Department of the Interior must disburse the revenue to a state in an amount that is based on a formula that is inversely proportional to a state's distance from the offshore wind site.
In addition, the bill removes the cap on the amount of revenue generated from offshore oil and gas leases that may be shared with states under the Gulf of Mexico Energy Security Act of 2006.
It also eliminates a fee under the Mineral Leasing Act that Interior currently collects to administer the onshore revenue sharing program.
Cosponsors 47
Members who signed on, in the order they did. Signatures ran from Feb 9, 2023 to Dec 12, 2024, with 5 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-VA | Abigail Davis Spanberger | Original | Feb 9, 2023 |
| D-CA | Anna G. Eshoo | Original | Feb 9, 2023 |
| D-NC | Donald G. Davis | Original | Feb 9, 2023 |
| R-SC | Nancy Mace | Original | Feb 9, 2023 |
| R-TX | Randy K. Weber, Sr. | Original | Feb 9, 2023 |
| D-MD | David J. Trone | Mar 30, 2023 | |
| D-CA | Jimmy Panetta | Mar 30, 2023 | |
| D-TX | Sylvia R. Garcia | Mar 30, 2023 | |
| R-TX | Troy E. Nehls | Mar 30, 2023 | |
| D-NY | Joseph D. Morelle | May 11, 2023 | |
| D-PA | Mary Gay Scanlon | Jun 7, 2023 | |
| D-CA | Julia Brownley | Jun 15, 2023 | |
| R-NY | Michael Lawler | Jun 27, 2023 | |
| D-RI | Seth Magaziner | Jun 27, 2023 | |
| D-OH | Shontel M. Brown | Jul 11, 2023 |
Actions 3
Everything that happened, newest first.
- Feb 21, 2023Referred to the Subcommittee on Energy and Mineral Resources.
- Feb 9, 2023Introduced in House
- Feb 9, 2023Referred to the Committee on Natural Resources, and in addition to the Committee on Science, Space, and Technology, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 373 | RISEE Act of 2023 | Related bill | Nov 21, 2024 |
Subjects
Assigned by the Library of Congress. Policy area: Energy.
Text 1
Each version as it was printed, newest first.
- Feb 9, 2023Introduced in House
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.