Alaska Offshore Parity Act

Hozzl · 2024-03-13T03:40:21Z

Explore the details of Senate Bill 2996 Alaska Offshore Parity Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Energy. Stay informed on legislative developments.

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.

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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