PlainBillCongress, translated.Legislation. Context. Public interest.Placed on Senate Legislative Calendar under General Orders. Calendar No. 576.
Congressional Research Service
Version 00 · Introduced in Senate · Feb 9, 2023
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.
Showing the opening paragraphs of the official summary.
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.
People & committees
Sen. Whitehouse, Sheldon [D-RI] · D–RI
Legislative record
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Placed on Senate Legislative Calendar under General Orders. Calendar No. 576.
Committee on Energy and Natural Resources. Reported by Senator Manchin without amendment. Without written report.
Committee on Energy and Natural Resources. Reported by Senator Manchin without amendment. Without written report.
Committee on Energy and Natural Resources. Ordered to be reported without amendment favorably.
Read twice and referred to the Committee on Energy and Natural Resources.
Introduced in Senate
Primary sources
Text links open the official source. We currently store references to these documents.
Source last updated: Sep 8, 2026. Consult Congress.gov for the current record.
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