RISEE Act of 2023

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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Never voted on. It didn't reach a floor vote before the 118th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

D FletcherSponsor

47 cosponsors · 37 D, 10 R

5 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

Reinvesting In Shoreline Economies and Ecosystems Act of 2023 or the RISEE Act of 2023

What it does: CRS summary · Introduced in House · Feb 9, 2023

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.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: RISEE Act of 2023

Also known as: Reinvesting In Shoreline Economies and Ecosystems Act of 2023

Latest action (Feb 21, 2023): Referred to the Subcommittee on Energy and Mineral Resources.

Policy area: Energy · Origin: House · Introduced: Feb 9, 2023

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.