Bill
Bill > S1991
US S1991
US S1991A bill to establish the National Endowment for the Oceans, and for other purposes.
summary
Introduced
In Committee
Crossed Over
Passed
Dead
Introduced Session
112th Congress
Bill Summary
Establishes in the Treasury a trust fund to be known as the National Endowment for the Oceans (NEO) to: (1) allocate funding to coastal states and affected Indian tribes, (2) make grants to regional ocean and coastal planning bodies, and (3) develop and implement a National Grant Program for Oceans and Coastal Waters. Directs the Secretary of Commerce to serve as trustee. Requires that funds be allocated by the Secretary only to fund grants for programs and activities to restore, protect, maintain, or understand living marine resources and their habitats and resources in ocean and coastal waters, including baseline scientific research, ocean observing, and other programs and activities carried out in coordination with federal and state agencies, that are consistent with federal environmental laws and that avoid environmental degradation. Directs the Secretary to allocate from the amounts to be distributed among states each fiscal year: (1) 50% equally among coastal states, (2) 25% based on tidal shoreline miles, and (3) 25% based on the coastal population density of a coastal state. Limits the percentage of total funds that a state or territory may receive in any fiscal year. Requires, upon the establishment of a Gulf Coast Restoration Trust Fund, that specified interest and investment proceeds from such Fund be transferred to the NEO.
AI Summary
This bill establishes the National Endowment for the Oceans (NEO), a trust fund within the U.S. Treasury, to be managed by the Secretary of Commerce. The NEO will provide funding for programs and activities aimed at restoring, protecting, maintaining, or understanding marine life and their habitats in ocean and coastal waters, including scientific research and ocean observation. Funds will be allocated to coastal states and affected Indian tribes, regional ocean and coastal planning bodies, and a new National Grant Program for Oceans and Coastal Waters. Coastal states will receive funding based on a formula: 50% equally, 25% based on shoreline miles, and 25% based on coastal population density, with limits on the percentage any single state or territory can receive annually. Additionally, upon the creation of a Gulf Coast Restoration Trust Fund, a portion of its interest and investment proceeds will be transferred to the NEO.
Committee Categories
Transportation and Infrastructure
Sponsors (1)
Last Action
Read twice and referred to the Committee on Commerce, Science, and Transportation. (on 12/14/2011)
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/112th-congress/senate-bill/1991/all-info |
| Bill | http://gpo.gov/fdsys/pkg/BILLS-112s1991is/pdf/BILLS-112s1991is.pdf.pdf |
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