Bill
Bill > HR8437
summary
Introduced
07/20/2022
07/20/2022
In Committee
07/20/2022
07/20/2022
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To distribute revenues from oil, gas, and wind leasing on the Outer Continental Shelf, and for other purposes.
AI Summary
This bill, the Budgeting for Renewable Electrical Energy Zone Earnings Act or BREEZE Act, proposes to amend the Gulf of Mexico Energy Security Act of 2006 to change the distribution of revenues from oil, gas, and wind leasing on the Outer Continental Shelf. Specifically, it would reduce the share of revenues going to Gulf producing states from 50% to 37.5%, while increasing the share going to the federal government from 50% to 62.5%. The bill also creates a new formula for distributing 50% of the qualified outer Continental Shelf revenues from offshore wind projects to eligible coastal states based on their proximity to the project. Additionally, the bill exempts certain payments to states from sequestration under the Balanced Budget and Emergency Deficit Control Act.
Committee Categories
Agriculture and Natural Resources
Sponsors (2)
Last Action
Referred to the Committee on Natural Resources, and in addition to the Committee on the Budget, 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. (on 07/20/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/house-bill/8437/all-info |
| BillText | https://www.congress.gov/117/bills/hr8437/BILLS-117hr8437ih.pdf |
| Bill | https://www.congress.gov/117/bills/hr8437/BILLS-117hr8437ih.pdf.pdf |
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