Legis Daily

RISEE Act of 2023

USA118th CongressHR-913| House 
| Updated: 2/21/2023
Lizzie Fletcher

Lizzie Fletcher

Democratic Representative

Texas

Cosponsors (47)
Donald Norcross (Democratic)John Garamendi (Democratic)Sylvia R. Garcia (Democratic)Steny H. Hoyer (Democratic)Mikie Sherrill (Democratic)Gabe Amo (Democratic)Robert Garcia (Democratic)Abigail Davis Spanberger (Democratic)Gabe Vasquez (Democratic)David J. Trone (Democratic)Patrick Ryan (Democratic)Shontel M. Brown (Democratic)Troy A. Carter (Democratic)Jimmy Panetta (Democratic)Donald M. Payne (Democratic)Donald G. Davis (Democratic)Thomas R. Suozzi (Democratic)Andrew R. Garbarino (Republican)Ted Lieu (Democratic)Joe Wilson (Republican)Joseph D. Morelle (Democratic)Nancy Mace (Republican)Doris O. Matsui (Democratic)Hillary J. Scholten (Democratic)Daniel S. Goldman (Democratic)Gregory W. Meeks (Democratic)James A. Himes (Democratic)Jerrold Nadler (Democratic)Anna G. Eshoo (Democratic)Troy E. Nehls (Republican)Mary Gay Scanlon (Democratic)Marcus J. Molinaro (Republican)Salud O. Carbajal (Democratic)Andy Kim (Democratic)Julia Brownley (Democratic)Seth Magaziner (Democratic)Brian K. Fitzpatrick (Republican)Colin Z. Allred (Democratic)Mike Thompson (Democratic)Randy K. Sr. Weber (Republican)Josh Gottheimer (Democratic)Michael Lawler (Republican)Nick LaLota (Republican)Kevin Mullin (Democratic)Frank Pallone (Democratic)Gerald E. Connolly (Democratic)Jennifer A. Kiggans (Republican)

Energy and Mineral Resources Subcommittee, Science, Space, and Technology Committee, Natural Resources Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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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Timeline

Bill from Previous Congress

HR 117-9049
RISEE Act of 2022
Feb 9, 2023
Introduced in House
Feb 9, 2023
Referred to the Committee on Natural Resources, and in addition to the Committee on Science, Space, and Technology, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Feb 21, 2023
Referred to the Subcommittee on Energy and Mineral Resources.
Nov 21, 2024

Latest Companion Bill Action

S 118-373
Committee on Energy and Natural Resources. Reported by Senator Manchin without amendment. Without written report.
  • Bill from Previous Congress

    HR 117-9049
    RISEE Act of 2022


  • February 9, 2023
    Introduced in House


  • February 9, 2023
    Referred to the Committee on Natural Resources, and in addition to the Committee on Science, Space, and Technology, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.


  • February 21, 2023
    Referred to the Subcommittee on Energy and Mineral Resources.


  • November 21, 2024

    Latest Companion Bill Action

    S 118-373
    Committee on Energy and Natural Resources. Reported by Senator Manchin without amendment. Without written report.

Energy

Related Bills

  • S 118-373: RISEE Act of 2023

RISEE Act of 2023

USA118th CongressHR-913| House 
| Updated: 2/21/2023
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.
View Full Text

Suggested Questions

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

Timeline

Bill from Previous Congress

HR 117-9049
RISEE Act of 2022
Feb 9, 2023
Introduced in House
Feb 9, 2023
Referred to the Committee on Natural Resources, and in addition to the Committee on Science, Space, and Technology, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Feb 21, 2023
Referred to the Subcommittee on Energy and Mineral Resources.
Nov 21, 2024

Latest Companion Bill Action

S 118-373
Committee on Energy and Natural Resources. Reported by Senator Manchin without amendment. Without written report.
  • Bill from Previous Congress

    HR 117-9049
    RISEE Act of 2022


  • February 9, 2023
    Introduced in House


  • February 9, 2023
    Referred to the Committee on Natural Resources, and in addition to the Committee on Science, Space, and Technology, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.


  • February 21, 2023
    Referred to the Subcommittee on Energy and Mineral Resources.


  • November 21, 2024

    Latest Companion Bill Action

    S 118-373
    Committee on Energy and Natural Resources. Reported by Senator Manchin without amendment. Without written report.
Lizzie Fletcher

Lizzie Fletcher

Democratic Representative

Texas

Cosponsors (47)
Donald Norcross (Democratic)John Garamendi (Democratic)Sylvia R. Garcia (Democratic)Steny H. Hoyer (Democratic)Mikie Sherrill (Democratic)Gabe Amo (Democratic)Robert Garcia (Democratic)Abigail Davis Spanberger (Democratic)Gabe Vasquez (Democratic)David J. Trone (Democratic)Patrick Ryan (Democratic)Shontel M. Brown (Democratic)Troy A. Carter (Democratic)Jimmy Panetta (Democratic)Donald M. Payne (Democratic)Donald G. Davis (Democratic)Thomas R. Suozzi (Democratic)Andrew R. Garbarino (Republican)Ted Lieu (Democratic)Joe Wilson (Republican)Joseph D. Morelle (Democratic)Nancy Mace (Republican)Doris O. Matsui (Democratic)Hillary J. Scholten (Democratic)Daniel S. Goldman (Democratic)Gregory W. Meeks (Democratic)James A. Himes (Democratic)Jerrold Nadler (Democratic)Anna G. Eshoo (Democratic)Troy E. Nehls (Republican)Mary Gay Scanlon (Democratic)Marcus J. Molinaro (Republican)Salud O. Carbajal (Democratic)Andy Kim (Democratic)Julia Brownley (Democratic)Seth Magaziner (Democratic)Brian K. Fitzpatrick (Republican)Colin Z. Allred (Democratic)Mike Thompson (Democratic)Randy K. Sr. Weber (Republican)Josh Gottheimer (Democratic)Michael Lawler (Republican)Nick LaLota (Republican)Kevin Mullin (Democratic)Frank Pallone (Democratic)Gerald E. Connolly (Democratic)Jennifer A. Kiggans (Republican)

Energy and Mineral Resources Subcommittee, Science, Space, and Technology Committee, Natural Resources Committee

Energy

Related Bills

  • S 118-373: RISEE Act of 2023
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted