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United States · Bill · S

S. 373 (118th)

RISEE Act of 2023

openUnited States· United States Congress· EN

Introduced

9 February 2023

Last action

21 November 2024 · Reported

Status

Placed on Senate Legislative Calendar under General Orders. Calendar No. 576.

Sponsors

Sen. Whitehouse, Sheldon [D-RI], Sen. Cassidy, Bill [R-LA], Sen. Kennedy, John [R-LA], Sen. King, Angus S., Jr. [I-ME], Sen. Graham, Lindsey [R-SC], Sen. Shaheen, Jeanne [D-NH], Sen. Collins, Susan M. [R-ME], Sen. Gillibrand, Kirsten E. [D-NY], Sen. Daines, Steve [R-MT], Sen. Murphy, Christopher [D-CT], Sen. Blumenthal, Richard [D-CT], Sen. Coons, Christopher A. [D-DE], Sen. Van Hollen, Chris [D-MD], Sen. Cardin, Benjamin L. [D-MD], Sen. Warner, Mark R. [D-VA], Sen. Kaine, Tim [D-VA], Sen. Stabenow, Debbie [D-MI], Sen. Heinrich, Martin [D-NM], Sen. Hickenlooper, John W. [D-CO], Sen. Feinstein, Dianne [D-CA], Sen. Padilla, Alex [D-CA], Sen. Schatz, Brian [D-HI], Sen. Scott, Tim [R-SC], Sen. Peters, Gary C. [D-MI], Sen. Welch, Peter [D-VT], Sen. Butler, Laphonza R. [D-CA], Sen. Helmy, George S. [D-NJ]

Subjects

Energy, Transport

Source updated

24 March 2026

Energy · Transport

Official sourceDownload fileView documentsShare

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 9 February 2023

    Introduced

    Read twice and referred to the Committee on Energy and Natural Resources.

    Source: IntroReferral

  2. 9 February 2023

    Introduced

    Introduced in Senate

    Source: IntroReferral

  3. 19 November 2024

    Reported

    Committee on Energy and Natural Resources. Ordered to be reported without amendment favorably.

    Source: Committee

  4. 21 November 2024

    Calendars

    Placed on Senate Legislative Calendar under General Orders. Calendar No. 576.

    Source: Calendars

  5. 21 November 2024

    Reported

    Committee on Energy and Natural Resources. Reported by Senator Manchin without amendment. Without written report.

    Source: Committee

  6. 21 November 2024

    Reported

    Committee on Energy and Natural Resources. Reported by Senator Manchin without amendment. Without written report.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

5 official files

Reported to Senate (text)

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  • Reported to Senate (text)

    Reported to Senate · EN · 21 November 2024

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  • Reported to Senate (PDF)

    Reported to Senate · EN · 21 November 2024

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 9 February 2023

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  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 9 February 2023

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  • Introduced in Senate

    summary · EN · 9 February 2023

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Sponsors

Related records

Sources

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