Ocean Regional Opportunity and Innovation Act of 2023

Hozzl · 2023-12-15T15:58:59Z

Explore the details of House Bill 3873 Ocean Regional Opportunity and Innovation Act of 2023 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Public Lands and Natural Resources. Stay informed on legislative developments.

12/15/2023, 3:58 PM

Summary of Bill HR 3873

Bill 118 hr 3873, also known as the Ocean Regional Opportunity and Innovation Act of 2023, is a piece of legislation introduced in the US Congress. The main goal of this bill is to promote economic development and innovation in coastal regions and communities that rely on the ocean for their livelihoods.

The bill includes provisions for funding research and development projects related to ocean technology, renewable energy, and sustainable fisheries. It also aims to support small businesses and entrepreneurs in these coastal areas by providing grants and loans for start-up ventures.

Additionally, the Ocean Regional Opportunity and Innovation Act of 2023 seeks to improve infrastructure in coastal communities, such as ports and harbors, to facilitate trade and commerce. It also includes measures to protect and preserve the marine environment, including funding for conservation efforts and pollution prevention programs. Overall, this bill is designed to stimulate economic growth and job creation in coastal regions while promoting sustainable practices and environmental stewardship. It has garnered bipartisan support in Congress and is currently under review in committee.

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Current Status of Bill HR 3873

Bill HR 3873 is currently in the status of Bill Introduced since June 6, 2023. Bill HR 3873 was introduced during Congress 118 and was introduced to the House on June 6, 2023. Bill HR 3873's most recent activity was Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management. as of June 7, 2023

Bipartisan Support of Bill HR 3873

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 3873

Primary Policy Focus

Public Lands and Natural Resources

Potential Impact Areas

- Alternative and renewable resources

- Community life and organization

- Economic development

- Employment and training programs

- Higher education

- Indian social and development programs

- Marine and coastal resources, fisheries

- Product development and innovation

- Public-private cooperation

- Research and development

- Seashores and lakeshores

- Small business

- State and local government operations

Alternate Title(s) of Bill HR 3873

Ocean Regional Opportunity and Innovation Act of 2023

To establish Ocean Innovation Clusters to strengthen the coastal communities and ocean economy of the United States through technological research and development, job training, and cross-sector partnerships, and for other purposes.