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S 620 118th Congress Senate Energy Alaska Energy revenues and royalties Mining State and local finance

Alaska Offshore Parity Act

Introduced: March 2, 2023 Introduced by: Murkowski, Lisa Republican · Alaska See on congress.gov
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 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. 578.
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.
Mar 2, 2023
Read twice and referred to the Committee on Energy and Natural Resources.
Mar 2, 2023
Introduced in Senate
 Plain-English summary Congressional Research Service

Alaska Offshore Parity Act

This bill requires the Department of the Treasury to share more revenues derived from energy and mineral development in the Alaska Outer Continental Shelf (OCS) region with Alaska and its coastal political subdivisions. Currently, only revenue generated by certain nearshore areas of the OCS is shared with Alaska. The bill requires Treasury to share a specified portion of revenue derived from all areas in the Alaska OCS region. Alaska may use the funding from such revenue for coastal protection, coastal infrastructure, systems to reduce energy costs and greenhouse gas emissions, programs at institutions of higher education, and other related purposes.

What's happening now November 21, 2024

Placed on Senate Legislative Calendar under General Orders. Calendar No. 578.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1