S 373 · 118th Congress 2023–2025, ended

RISEE Act of 2023

Introduced Feb 9, 2023 Originated Senate Sponsor Sheldon Whitehouse D-RI

Fact sheet Spreadsheet

Latest action · Nov 21, 2024 Placed on Senate Legislative Calendar under General Orders. Calendar No. 576.

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.

  1. IntroducedFeb 9, 2023
  2. Passed SenateNot reached
  3. Passed HouseNot reached
  4. To the PresidentNot reached
  5. 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 26

Members who signed on, in the order they did. Signatures ran from Feb 9, 2023 to Sep 25, 2024; 21 are original cosponsors, there from the day it was introduced.

SeatCosponsorSigned on
D-CAAlex PadillaOriginalFeb 9, 2023
I-MEAngus S. King Jr.OriginalFeb 9, 2023
D-MDBenjamin L. CardinOriginalFeb 9, 2023
R-LABill CassidyOriginalFeb 9, 2023
D-HIBrian SchatzOriginalFeb 9, 2023
D-MDChris Van HollenOriginalFeb 9, 2023
D-DEChristopher A. CoonsOriginalFeb 9, 2023
D-CTChristopher MurphyOriginalFeb 9, 2023
D-MIDebbie StabenowOriginalFeb 9, 2023
D-CADianne FeinsteinOriginalFeb 9, 2023
D-NHJeanne ShaheenOriginalFeb 9, 2023
R-LAJohn KennedyOriginalFeb 9, 2023
D-COJohn W. HickenlooperOriginalFeb 9, 2023
D-NYKirsten E. GillibrandOriginalFeb 9, 2023
R-SCLindsey GrahamOriginalFeb 9, 2023
D-VAMark R. WarnerOriginalFeb 9, 2023
D-NMMartin HeinrichOriginalFeb 9, 2023
D-CTRichard BlumenthalOriginalFeb 9, 2023
R-MTSteve DainesOriginalFeb 9, 2023
R-MESusan M. CollinsOriginalFeb 9, 2023
D-VATim KaineOriginalFeb 9, 2023
R-SCTim ScottFeb 13, 2023
D-MIGary C. PetersDec 18, 2023
D-VTPeter WelchJan 10, 2024
D-CALaphonza R. ButlerFeb 27, 2024
D-NJGeorge S. HelmySep 25, 2024

Committees 1

Where it was sent and what each committee and subcommittee did with it, in order.

ChamberCommitteeWhat it did
SenateEnergy and Natural Resources Committee
Referred Feb 9, 2023Markup Nov 19, 2024Reported Nov 21, 2024

Actions 5

Everything that happened, newest first.

  1. Nov 21, 2024Committee on Energy and Natural Resources. Reported by Senator Manchin without amendment. Without written report.
  2. Nov 21, 2024Placed on Senate Legislative Calendar under General Orders. Calendar No. 576.
  3. Nov 19, 2024Committee on Energy and Natural Resources. Ordered to be reported without amendment favorably.
  4. Feb 9, 2023Introduced in Senate
  5. Feb 9, 2023Read twice and referred to the Committee on Energy and Natural Resources.

Research

What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.

CRS reports 1

Congressional Research Service work that CRS links to this bill or the law it became, newest first.

Cite it 1

Products on other subjects that cite it, usually among other measures.

Related bills 1

Companion bills and other measures the record links to this one.

BillTitleRelationshipLatest action
HR 913RISEE Act of 2023Related billFeb 21, 2023

Titles 5

Every title it has carried, official and short, at each stage.

Official Title as Introduced
A bill to modify the disposition of certain outer Continental Shelf revenues and to open Federal financial sharing to heighten opportunities for renewable energy, and for other purposes.
Short Title(s) as Introduced
RISEE Act of 2023
Reinvesting In Shoreline Economies and Ecosystems Act of 2023
Short Title(s) as Reported to Senate
RISEE Act of 2023
Reinvesting In Shoreline Economies and Ecosystems Act of 2023

Subjects

Assigned by the Library of Congress. Policy area: Energy.

Text 2

Each version as it was printed, newest first.

  1. Nov 21, 2024Reported to Senate
  2. Feb 9, 2023Introduced in Senate

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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; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.