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Alaska Offshore Parity Act
3/13/2024, 3:40 AM
Congressional Summary of S 2996
Alaska Offshore Parity Act
This bill requires the Department of the Treasury to share more revenues derived from energy and mineral development in the Alaska Outer Continental Shelf (OCS) region with Alaska and its coastal political subdivisions. Currently, only revenue generated by certain nearshore areas of the OCS is shared with Alaska. Alaska may use the funding from such revenue for coastal protection, coastal infrastructure, systems to reduce energy costs and greenhouse gas emissions, programs at institutions of higher education, and other related purposes.
Read the Full Bill
Current Status of Bill S 2996
Bill S 2996 is currently in the status of Bill Introduced since October 19, 2021. Bill S 2996 was introduced during Congress 117 and was introduced to the Senate on October 19, 2021. Bill S 2996's most recent activity was Placed on Senate Legislative Calendar under General Orders. Calendar No. 552. as of November 17, 2022
Bipartisan Support of Bill S 2996
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
1Democrat Cosponsors
0Republican Cosponsors
1Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 2996
Primary Policy Focus
EnergyPotential Impact Areas
- Alaska
- Energy revenues and royalties
- Mining
- State and local finance
Alternate Title(s) of Bill S 2996
A bill to provide for the distribution of certain outer Continental Shelf revenues to the State of Alaska, and for other purposes.
Alaska Offshore Parity Act
Alaska Offshore Parity Act
Alaska Offshore Parity Act
Comments
Sponsors and Cosponsors of S 2996
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