Reinvesting In Shoreline Economies and Ecosystems Act of 2022 or the RISEE Act of 2022
This bill expands the amount of revenue generated from leases for energy development on federal land or submerged lands in the Outer Continental Shelf that is shared with certain states and coastal communities. For example, the bill dedicates a percentage of the revenue generated from offshore wind leases for coastal states. Currently, this revenue is deposited in the U.S. Treasury. In addition, the bill increases the amount of revenue generated from offshore oil and gas leases that is shared with states under the Gulf of Mexico Energy Security Act.
States must use the funding from the revenue for specified purposes, such as coastal restoration, conservation, or infrastructure.
Reinvesting In Shoreline Economies and Ecosystems Act of 2021 or the RISEE Act of 2021
This bill increases the percentage of revenue generated from offshore energy projects that is shared with adjacent coastal states. For example, the bill dedicates a percentage of the revenue generated from offshore wind leases for coastal states. Currently, this revenue is deposited in the U.S. Treasury.
In addition, the bill increases the amount of revenue generated from offshore oil and gas leases that is shared with states under the Gulf of Mexico Energy Security Act.
Coastal states must use the funding from the revenue for specified purposes, such as coastal restoration, conservation, or infrastructure.