Legis Daily

RISEE Act of 2023

USA118th CongressS-373| Senate 
| Updated: 11/21/2024
Sheldon Whitehouse

Sheldon Whitehouse

Democratic Senator

Rhode Island

Cosponsors (26)
Jeanne Shaheen (Democratic)Bill Cassidy (Republican)Dianne Feinstein (Democratic)Kirsten E. Gillibrand (Democratic)Alex Padilla (Democratic)Christopher A. Coons (Democratic)Mark R. Warner (Democratic)Angus S. King (Independent)Laphonza R. Butler (Democratic)Lindsey Graham (Republican)John W. Hickenlooper (Democratic)Tim Kaine (Democratic)Chris Van Hollen (Democratic)Tim Scott (Republican)Christopher Murphy (Democratic)Debbie Stabenow (Democratic)John Kennedy (Republican)Martin Heinrich (Democratic)Brian Schatz (Democratic)Peter Welch (Democratic)Benjamin L. Cardin (Democratic)Susan M. Collins (Republican)Gary C. Peters (Democratic)Steve Daines (Republican)Richard Blumenthal (Democratic)George S. Helmy (Democratic)

Energy and 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.

Bill Text Versions

View Text
2 versions available

Suggested Questions

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

Timeline

Bill from Previous Congress

S 117-2130
RISEE Act of 2022
Feb 9, 2023
Introduced in Senate
Feb 9, 2023
Read twice and referred to the Committee on Energy and Natural Resources.
Feb 21, 2023

Latest Companion Bill Action

HR 118-913
Referred to the Subcommittee on Energy and Mineral Resources.
Nov 19, 2024
Committee on Energy and Natural Resources. Ordered to be reported without amendment favorably.
Nov 21, 2024
Committee on Energy and Natural Resources. Reported by Senator Manchin without amendment. Without written report.
Nov 21, 2024
Placed on Senate Legislative Calendar under General Orders. Calendar No. 576.
  • Bill from Previous Congress

    S 117-2130
    RISEE Act of 2022


  • February 9, 2023
    Introduced in Senate


  • February 9, 2023
    Read twice and referred to the Committee on Energy and Natural Resources.


  • February 21, 2023

    Latest Companion Bill Action

    HR 118-913
    Referred to the Subcommittee on Energy and Mineral Resources.


  • November 19, 2024
    Committee on Energy and Natural Resources. Ordered to be reported without amendment favorably.


  • November 21, 2024
    Committee on Energy and Natural Resources. Reported by Senator Manchin without amendment. Without written report.


  • November 21, 2024
    Placed on Senate Legislative Calendar under General Orders. Calendar No. 576.

Energy

Related Bills

  • HR 118-913: RISEE Act of 2023
Alternative and renewable resourcesEnergy revenues and royaltiesGovernment studies and investigationsGulf of MexicoInfrastructure developmentIntergovernmental relationsLand use and conservationMarine and coastal resources, fisheriesMiningOil and gasState and local financeUser charges and fees

RISEE Act of 2023

USA118th CongressS-373| Senate 
| Updated: 11/21/2024
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.

Bill Text Versions

View Text
2 versions available

Suggested Questions

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

Timeline

Bill from Previous Congress

S 117-2130
RISEE Act of 2022
Feb 9, 2023
Introduced in Senate
Feb 9, 2023
Read twice and referred to the Committee on Energy and Natural Resources.
Feb 21, 2023

Latest Companion Bill Action

HR 118-913
Referred to the Subcommittee on Energy and Mineral Resources.
Nov 19, 2024
Committee on Energy and Natural Resources. Ordered to be reported without amendment favorably.
Nov 21, 2024
Committee on Energy and Natural Resources. Reported by Senator Manchin without amendment. Without written report.
Nov 21, 2024
Placed on Senate Legislative Calendar under General Orders. Calendar No. 576.
  • Bill from Previous Congress

    S 117-2130
    RISEE Act of 2022


  • February 9, 2023
    Introduced in Senate


  • February 9, 2023
    Read twice and referred to the Committee on Energy and Natural Resources.


  • February 21, 2023

    Latest Companion Bill Action

    HR 118-913
    Referred to the Subcommittee on Energy and Mineral Resources.


  • November 19, 2024
    Committee on Energy and Natural Resources. Ordered to be reported without amendment favorably.


  • November 21, 2024
    Committee on Energy and Natural Resources. Reported by Senator Manchin without amendment. Without written report.


  • November 21, 2024
    Placed on Senate Legislative Calendar under General Orders. Calendar No. 576.
Sheldon Whitehouse

Sheldon Whitehouse

Democratic Senator

Rhode Island

Cosponsors (26)
Jeanne Shaheen (Democratic)Bill Cassidy (Republican)Dianne Feinstein (Democratic)Kirsten E. Gillibrand (Democratic)Alex Padilla (Democratic)Christopher A. Coons (Democratic)Mark R. Warner (Democratic)Angus S. King (Independent)Laphonza R. Butler (Democratic)Lindsey Graham (Republican)John W. Hickenlooper (Democratic)Tim Kaine (Democratic)Chris Van Hollen (Democratic)Tim Scott (Republican)Christopher Murphy (Democratic)Debbie Stabenow (Democratic)John Kennedy (Republican)Martin Heinrich (Democratic)Brian Schatz (Democratic)Peter Welch (Democratic)Benjamin L. Cardin (Democratic)Susan M. Collins (Republican)Gary C. Peters (Democratic)Steve Daines (Republican)Richard Blumenthal (Democratic)George S. Helmy (Democratic)

Energy and Natural Resources Committee

Energy

Related Bills

  • HR 118-913: RISEE Act of 2023
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Alternative and renewable resourcesEnergy revenues and royaltiesGovernment studies and investigationsGulf of MexicoInfrastructure developmentIntergovernmental relationsLand use and conservationMarine and coastal resources, fisheriesMiningOil and gasState and local financeUser charges and fees