S 373 118th Congress Senate Energy Alternative and renewable resources Energy revenues and royalties Government studies and investigations Gulf of Mexico Infrastructure development Intergovernmental relations Land use and conservation Marine and coastal resources, fisheries Mining Oil and gas State and local finance User charges and fees

RISEE Act of 2023

Introduced: February 9, 2023 Introduced by: Whitehouse, Sheldon Democratic · Rhode Island See on congress.gov

Everywhere this bill has been 5 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Nov 21, 2024

Placed on Senate Legislative Calendar under General Orders. Calendar No. 576.

Nov 21, 2024

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

Nov 19, 2024

Committee on Energy and Natural Resources. Ordered to be reported without amendment favorably.

Feb 9, 2023

Read twice and referred to the Committee on Energy and Natural Resources.

Feb 9, 2023

Introduced in Senate

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Plain-English summary Congressional Research Service

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.

What's happening now November 21, 2024

Placed on Senate Legislative Calendar under General Orders. Calendar No. 576.

Related & companion bills 1

Bill text 2 versions

Introduced in Senate Formatted Text PDF Formatted XML
Reported to Senate Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 1

Energy and Natural Resources Committee
Senate

Lobbying activity 6

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

AMERICAN CLEAN POWER ASSOCIATION
for AMERICAN CLEAN POWER ASSOCIATION · District of Columbia · 3rd Quarter (July 1 - Sep 30) 2025
ORSTED NORTH AMERICA, INC.
for ORSTED NORTH AMERICA INC · Massachusetts · 2nd Quarter (Apr 1 - June 30) 2025
AMERICAN CLEAN POWER ASSOCIATION
for AMERICAN CLEAN POWER ASSOCIATION · District of Columbia · 2nd Quarter (Apr 1 - June 30) 2025
AMERICAN CLEAN POWER ASSOCIATION
for AMERICAN CLEAN POWER ASSOCIATION · District of Columbia · 1st Quarter (Jan 1 - Mar 31) 2025
ORSTED NORTH AMERICA, INC.
for ORSTED NORTH AMERICA INC · Massachusetts · 1st Quarter (Jan 1 - Mar 31) 2025
NATIONAL OCEAN INDUSTRIES ASSOCIATION
for NATIONAL OCEAN INDUSTRIES ASSOCIATION · District of Columbia · 1st Quarter (Jan 1 - Mar 31) 2025