HR 2716
OWNER Act
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The Offshore Wind for Northeastern Energy Revenue Act (OWNER Act) aims to share revenue generated from offshore wind projects located in the New York Bight Area with coastal states and their political subdivisions. Specifically, it amends the Outer Continental Shelf Lands Act to direct 50% of qualified revenue to the U.S. Treasury and 50% to eligible states based on distance from the wind projects. The bill also establishes a formula for allocating funds to coastal political subdivisions and outlines permissible uses of the funds for coastal protection, workforce development, and related infrastructure projects. Finally, it ensures revenue sharing for lease sales held before the bill’s enactment.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.