H.R. 8437 · 117th Congress · House

BREEZE Act

Active· Referred to the Committee on Natural Resources, and in addition to the Committee on the Budget, for a period to be subsequently determined b…
Introduced
Jul 20, 22
Passed House
Pending
Passed Senate
Pending
Sent to President
Pending
Signed into Law
Pending

Executive Summary

Budgeting for Renewable Electrical Energy Zone Earnings Act or the BREEZE Act

This bill makes various changes to the allocation of revenues from offshore oil, gas, and wind projects on the Outer Continental Shelf in the Gulf of Mexico, including to increase the share of revenues paid to states. It also exempts the payments to states from sequestration (a process of automatic, usually across-the-board spending reductions under which budgetary resources are permanently cancelled to enforce specific budget policy goals.)