HR 9049 — RISEE Act of 2022

Summary

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.

Bill Text

• Introduced Introduced in House Current html September 29, 2022

Compared against current U.S. Code AI-generated reading aid — verify against the official bill.

The bill amends definitions and procedures related to the National Oceans and Coastal Security Fund and Indian tribes, as well as the distribution of offshore wind revenues.

• 16 U.S.C. 7501

  The term “Indian tribe” means any federally recognized Indian tribe. → The term `Indian tribe' has the meaning given that term in section 4 of the Indian Self-Determination and Education Assistance Act (25 U.S.C. 5304).

  This change aligns the definition of 'Indian tribe' with that used in the Indian Self-Determination and Education Assistance Act.

• 16 U.S.C. 7501

  The term “tidal shoreline” has the meaning given that term pursuant to section 923.110(c)(2)(i) of title 15, Code of Federal Regulations, or a similar successor regulation. → The term `tidal shoreline' means the length of tidal shoreline or Great Lake shoreline based on the most recently available data from or accepted by the Office of Coast Survey of the National Oceanic and Atmospheric Administration.

  This modification updates the definition of 'tidal shoreline' to rely on the most current data from NOAA.

• 16 U.S.C. 7503

  There shall be deposited into the Fund amounts appropriated or otherwise made available to carry out this chapter. → The Fund shall consist of such amounts as-- (A) are deposited in the Fund under subparagraph (C)(ii)(II) of section 8(p)(2) of the Outer Continental Shelf Lands Act (43 U.S.C. 1337(p)(2)); and (B) are appropriated or otherwise made available for the Fund.

  This change specifies sources of funding for the National Oceans and Coastal Security Fund, including those related to outer Continental Shelf revenues.

• 16 U.S.C. 7503

  Of the amounts deposited into the Fund for each fiscal year— (1) funds may be used by the Foundation to award grants to coastal States under section 7505(b) of this title; (2) funds may be used by the Foundation to award grants under section 7505(c) of this title; → If $34,000,000 or less is deposited in, or appropriated or otherwise made available for, the Fund for a fiscal year, in that fiscal year— (A) not more than 5 percent of such amounts may be used by the Administrator and the Foundation for administrative expenses to carry out this title; and (B) any remaining amounts shall be used only for the award of grants under section 906(c).

  This alters the funding distribution process for the National Oceans and Coastal Security Fund based on the amount available.

• 16 U.S.C. 7503

  no more than 2 percent may be used by the Administrator and the Foundation for administrative expenses to carry out this chapter → not more than 5 percent of such amounts may be used by the Administrator and the Foundation for administrative expenses to carry out this title

  Increases the cap on administrative expenses from 2 percent to 5 percent of the Fund's total amount.

• 16 U.S.C. 7505

  The Administrator and the Foundation shall establish the following: → Not later than 90 days after funds are deposited in the Fund and made available to the Administrator and the Foundation for administrative purposes, the Administrator and the Foundation shall establish the following:

  Introduces a specific time frame within which grant administration procedures must be established.

• 16 U.S.C. 7505

  not more than 5 percent of the total funds distributed under this subsection may be allocated to any single coastal State. → not more than 5 percent of the total funds distributed under this subsection may be allocated to any single coastal State. Any amount exceeding that limitation shall be redistributed equally among the remaining coastal States.

  Clarifies the redistribution process for amounts exceeding the cap on allocations to single coastal States.

• 16 U.S.C. 7506(a)

  Subject to → Not later than 60 days after the end of each fiscal year, the Administrator and the Foundation

  Establishes a deadline for the submission of the annual report on the operation of the National Oceans and Coastal Security Fund.

• 16 U.S.C. 7507

  Authorization of Appropriations for Fiscal Years 2017, 2018, and 2019.

  Repeals the previous authorization of appropriations for specific fiscal years, likely streamlining funding procedures.

Action History

1. September 29, 2022

   Introduced in House

2. September 29, 2022

   Introduced in House

3. September 29, 2022

   Referred to the Committee on Natural Resources, and in addition to the Committee on Science, Space, and Technology, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

4. September 29, 2022

   Referred to the Committee on Natural Resources, and in addition to the Committee on Science, Space, and Technology, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Sponsors

• Lizzie Fletcher · Primary

Subjects