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US S499

US S499
Offshore Wind for Territories Act


summary

Introduced
02/14/2019
In Committee
02/14/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

A bill to amend the Outer Continental Shelf Lands Act to apply to territories of the United States, to establish offshore wind lease sale requirements, to provide dedicated funding for coral reef conservation, and for other purposes. This bill addresses offshore wind development and coral reef conservation. The Department of the Interior may conduct wind and mineral development lease sales on the Outer Continental Shelf in the U.S. Exclusive Economic Zone adjacent to U.S. territories. The bill establishes the Coral Reef Conservation Fund for the Department of Commerce to carry out the Coral Reef Conservation Act of 2000, including to preserve, sustain, and restore the condition of coral reef ecosystems. The bill also specifies requirements for distributing revenues from the leases authorized by this bill to the Treasury, the Coral Reef Conservation Fund, and U.S. territories.

AI Summary

This bill amends the Outer Continental Shelf Lands Act to apply to U.S. territories, establish offshore wind lease sale requirements, and provide dedicated funding for coral reef conservation. The Department of the Interior may conduct wind and mineral development lease sales on the Outer Continental Shelf in the U.S. Exclusive Economic Zone adjacent to U.S. territories. The bill also creates the Coral Reef Conservation Fund, funded by a portion of the revenues from the offshore lease sales, to support coral reef conservation efforts by the Department of Commerce. Additionally, the bill specifies how the revenues from the leases will be distributed to the Treasury, the Coral Reef Conservation Fund, and the U.S. territories.

Committee Categories

Agriculture and Natural Resources

Sponsors (2)

Last Action

Senate Energy and Natural Resources Hearing (10:30 12/12/2019 SD-366) (on 12/12/2019)

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