S. 2418: COASTAL Act

CBO Score

$10.28 billion

Date of Report

Wed June 24th, 2020

CBO Report Details

Legislation Details

116th Congress

A bill to amend the Gulf of Mexico Energy Security Act of 2006 to modify a definition and the disposition and authorized uses of qualified outer Continental Shelf revenues under that Act and to exempt State and county payments under that Act from sequestration, to provide for the distribution of certain outer Continental Shelf revenues to the State of Alaska, and for other purposes.

Sponsor: Sen. Bill Cassidy — R — LA

Addresses the distribution of revenues collected from oil and gas leasing on the Gulf of Mexico Outer Continental Shelf (OCS) and the Alaska OCS. Specifically, the bill increases the revenue Gulf states (Alabama, Louisiana, Mississippi, and Texas) receive from certain federal oil and leases in the Gulf of Mexico and eliminates the revenue sharing cap; exempts from sequestration payments of such rev...

View the full vote history of this bill on GovTrack.us.

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