S. 2130: RISEE Act of 2021
CBO Score
$11.64 billion
Documentation
Date of Report
Mon November 7th, 2022
CBO Report Details
Legislation Details
117th Congress
A bill to modify the disposition of certain outer Continental Shelf revenues and to open Federal financial sharing to heighten opportunities for renewable energy, and for other purposes.
Sponsor: Sen. Sheldon Whitehouse — D — RI
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 i...
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