Legis Daily

ReWIND Act

USA116th CongressS-3611| Senate 
| Updated: 5/5/2020
Jeff Merkley

Jeff Merkley

Democratic Senator

Oregon

Cosponsors (9)
Edward J. Markey (Democratic)Kirsten E. Gillibrand (Democratic)Elizabeth Warren (Democratic)Kamala D. Harris (Democratic)Chris Van Hollen (Democratic)Bernard Sanders (Independent)Cory A. Booker (Democratic)Ron Wyden (Democratic)Richard Blumenthal (Democratic)

Energy and Natural Resources Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Resources for Workforce Investments, Not Drilling Act or the ReWIND Act This bill limits the financial assistance that fossil fuel companies may receive from programs that provide relief to businesses affected by the COVID-19 (i.e., coronavirus disease 2019) outbreak, the Department of Interior's authority with respect to fossil fuels, the types and amount of oil that may be placed in the Strategic Petroleum Reserve (SPR), and the issuance or modification of rules until the COVID-19 national emergency terminates. Specifically, it prohibits fossil fuel businesses from receiving financial assistance, loans, and loan guarantees under specified provisions of the Defense Production Act of 1950 and the Coronavirus Aid, Relief, and Economic Security Act or the CARES Act. Further, certain financial institutions (e.g., banks) that receive funding under the CARES Act may not operate or invest in such businesses for two years. In addition, Interior may not (1) conduct lease sales for oil or natural gas; (2) issue leases for oil, natural gas, or coal; (3) modify regulations related to fossil fuel; or (4) reduce or eliminate royalty rates for fossil fuel leases on federal lands and in federal waters. The bill decreases the storage cap on the SPR and declares that privately-owned oil may not be stored in the SPR. Finally, the bill suspends the issuance of new rules until the national emergency terminates unless the rules are specifically required to respond to, or recover from, COVID-19.
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Timeline
May 5, 2020
Introduced in Senate
May 5, 2020
Read twice and referred to the Committee on Energy and Natural Resources.
May 27, 2020

Latest Companion Bill Action

HR 116-6707
Referred to the Subcommittee on Energy and Mineral Resources.
  • May 5, 2020
    Introduced in Senate


  • May 5, 2020
    Read twice and referred to the Committee on Energy and Natural Resources.


  • May 27, 2020

    Latest Companion Bill Action

    HR 116-6707
    Referred to the Subcommittee on Energy and Mineral Resources.

Energy

Related Bills

  • HR 116-7781: End Polluter Welfare Act of 2020
  • S 116-4887: End Polluter Welfare Act of 2020
  • S 116-3488: A bill to amend the Mineral Leasing Act to repeal a provision relating to the suspension, waiver, or reduction of rents or royalties by the Secretary of the Interior to promote development or operation, to amend the Outer Continental Shelf Lands Act to limit the authority of the Secretary to reduce or eliminate certain royalties and net profit shares, and for other purposes.
  • HR 116-6707: ReWIND Act
  • HR 116-6289: STOP Act of 2020
Administrative law and regulatory proceduresBanking and financial institutions regulationCardiovascular and respiratory healthCoalCorporate finance and managementCredit and credit marketsEmergency medical services and trauma careEnergy revenues and royaltiesEnergy storage, supplies, demandFinancial services and investmentsGovernment lending and loan guaranteesInfectious and parasitic diseasesMarine and coastal resources, fisheriesMilitary procurement, research, weapons developmentMiningOil and gasPublic contracts and procurementPublic participation and lobbyingStrategic materials and reserves

ReWIND Act

USA116th CongressS-3611| Senate 
| Updated: 5/5/2020
Resources for Workforce Investments, Not Drilling Act or the ReWIND Act This bill limits the financial assistance that fossil fuel companies may receive from programs that provide relief to businesses affected by the COVID-19 (i.e., coronavirus disease 2019) outbreak, the Department of Interior's authority with respect to fossil fuels, the types and amount of oil that may be placed in the Strategic Petroleum Reserve (SPR), and the issuance or modification of rules until the COVID-19 national emergency terminates. Specifically, it prohibits fossil fuel businesses from receiving financial assistance, loans, and loan guarantees under specified provisions of the Defense Production Act of 1950 and the Coronavirus Aid, Relief, and Economic Security Act or the CARES Act. Further, certain financial institutions (e.g., banks) that receive funding under the CARES Act may not operate or invest in such businesses for two years. In addition, Interior may not (1) conduct lease sales for oil or natural gas; (2) issue leases for oil, natural gas, or coal; (3) modify regulations related to fossil fuel; or (4) reduce or eliminate royalty rates for fossil fuel leases on federal lands and in federal waters. The bill decreases the storage cap on the SPR and declares that privately-owned oil may not be stored in the SPR. Finally, the bill suspends the issuance of new rules until the national emergency terminates unless the rules are specifically required to respond to, or recover from, COVID-19.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
May 5, 2020
Introduced in Senate
May 5, 2020
Read twice and referred to the Committee on Energy and Natural Resources.
May 27, 2020

Latest Companion Bill Action

HR 116-6707
Referred to the Subcommittee on Energy and Mineral Resources.
  • May 5, 2020
    Introduced in Senate


  • May 5, 2020
    Read twice and referred to the Committee on Energy and Natural Resources.


  • May 27, 2020

    Latest Companion Bill Action

    HR 116-6707
    Referred to the Subcommittee on Energy and Mineral Resources.
Jeff Merkley

Jeff Merkley

Democratic Senator

Oregon

Cosponsors (9)
Edward J. Markey (Democratic)Kirsten E. Gillibrand (Democratic)Elizabeth Warren (Democratic)Kamala D. Harris (Democratic)Chris Van Hollen (Democratic)Bernard Sanders (Independent)Cory A. Booker (Democratic)Ron Wyden (Democratic)Richard Blumenthal (Democratic)

Energy and Natural Resources Committee

Energy

Related Bills

  • HR 116-7781: End Polluter Welfare Act of 2020
  • S 116-4887: End Polluter Welfare Act of 2020
  • S 116-3488: A bill to amend the Mineral Leasing Act to repeal a provision relating to the suspension, waiver, or reduction of rents or royalties by the Secretary of the Interior to promote development or operation, to amend the Outer Continental Shelf Lands Act to limit the authority of the Secretary to reduce or eliminate certain royalties and net profit shares, and for other purposes.
  • HR 116-6707: ReWIND Act
  • HR 116-6289: STOP Act of 2020
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Administrative law and regulatory proceduresBanking and financial institutions regulationCardiovascular and respiratory healthCoalCorporate finance and managementCredit and credit marketsEmergency medical services and trauma careEnergy revenues and royaltiesEnergy storage, supplies, demandFinancial services and investmentsGovernment lending and loan guaranteesInfectious and parasitic diseasesMarine and coastal resources, fisheriesMilitary procurement, research, weapons developmentMiningOil and gasPublic contracts and procurementPublic participation and lobbyingStrategic materials and reserves