United States · Bill · S
S. 373 (118th)
RISEE Act of 2023
Introduced
9 February 2023
Last action
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Status
Placed on Senate Legislative Calendar under General Orders. Calendar No. 576.
Sponsors
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Subjects
Discovery layer
Source updated
24 March 2026
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.
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Documents
5 official files
Reported to Senate (text)
Reported to Senate (text)
Reported to Senate · EN · 21 November 2024
Reported to Senate (PDF)
Reported to Senate · EN · 21 November 2024
Introduced in Senate (text)
Introduced in Senate · EN · 9 February 2023
Introduced in Senate (PDF)
Introduced in Senate · EN · 9 February 2023
Introduced in Senate
summary · EN · 9 February 2023
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Sources
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- Official source: https://www.congress.gov/bill/118th-congress/senate-bill/373
- Open data entity: https://api.congress.gov/v3/bill/118/s/373