Bill Overview
Title: RISEE Act of 2022
Description: This bill expands the amount of revenue generated from leases for energy development on federal land or submerged lands in the Outer Continental Shelf that is shared with certain states and coastal communities. For example, the bill dedicates a percentage of the revenue generated from offshore wind leases for coastal states. Currently, this revenue is deposited in the U.S. Treasury. In addition, the bill increases the amount of revenue generated from offshore oil and gas leases that is shared with states under the Gulf of Mexico Energy Security Act. States must use the funding from the revenue for specified purposes, such as coastal restoration, conservation, or infrastructure.
Sponsors: Rep. Fletcher, Lizzie [D-TX-7]
Target Audience
Population: People living in coastal states and communities near offshore energy development areas
Estimated Size: 129000000
- The bill aims to increase revenue sharing from offshore energy development to certain states and coastal communities, benefiting those affected by coastal economic activities.
- It applies to energy leases on the Outer Continental Shelf, involving large-scale industrial activities related to energy generation.
- The targeted sharing of funds from energy leases with coastal states implicates communities in states with a coastline or energy sectors near these regions.
- The bill affects state governments as they decide on the allocation of funds for conservation and infrastructure.
Reasoning
- The RISEE Act targets a niche but economically significant population: coastal communities in states with energy leases. This includes areas dependent on coastal economies and ecosystems, particularly those involved in energy, fishing, and tourism.
- Considering the budget constraints, the impact on individuals will be low initially due to the vast size and diversity of the coastal population budget, split over multiple states.
- The funds directed to states for specific uses such as coastal restoration and infrastructure suggest tangible long-term benefits but limited immediate personal financial gain.
- Some individuals might not directly perceive changes due to the distributed nature of benefits in ecological and infrastructural projects.
Simulated Interviews
Fisher (Galveston, TX)
Age: 52 | Gender: female
Wellbeing Before Policy: 5
Duration of Impact: 10.0 years
Commonness: 10/20
Statement of Opinion:
- I'm cautiously optimistic about this policy. Our livelihoods depend on a healthy coastline.
- Sharing revenue could improve our fishing grounds if used for restorations.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 5 |
| Year 2 | 6 | 5 |
| Year 3 | 6 | 5 |
| Year 5 | 7 | 5 |
| Year 10 | 7 | 5 |
| Year 20 | 7 | 5 |
Marine biologist (Virginia Beach, VA)
Age: 34 | Gender: male
Wellbeing Before Policy: 7
Duration of Impact: 20.0 years
Commonness: 5/20
Statement of Opinion:
- Increased funding for restoration is excellent. It could significantly aid in our conservation projects.
- Hope it includes provisions for scientific research and monitoring.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 7 |
| Year 2 | 8 | 7 |
| Year 3 | 8 | 7 |
| Year 5 | 9 | 7 |
| Year 10 | 9 | 7 |
| Year 20 | 9 | 7 |
Retired oil worker (Mobile, AL)
Age: 60 | Gender: male
Wellbeing Before Policy: 6
Duration of Impact: 10.0 years
Commonness: 8/20
Statement of Opinion:
- It's about time states see financial benefits from offshore activities.
- I just hope it trickles down and isn't just bureaucratic benefits.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 6 |
| Year 2 | 6 | 6 |
| Year 3 | 6 | 6 |
| Year 5 | 7 | 6 |
| Year 10 | 7 | 6 |
| Year 20 | 7 | 6 |
Environmental policy analyst (New York, NY)
Age: 27 | Gender: female
Wellbeing Before Policy: 8
Duration of Impact: 15.0 years
Commonness: 7/20
Statement of Opinion:
- This policy could set a precedent for future environmental funding mechanisms.
- I'm interested in how it will impact long-term shorelines and policy dynamics.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 8 | 8 |
| Year 2 | 8 | 8 |
| Year 3 | 9 | 8 |
| Year 5 | 9 | 8 |
| Year 10 | 9 | 8 |
| Year 20 | 9 | 8 |
Small business owner (restaurant) (Ocean City, NJ)
Age: 45 | Gender: female
Wellbeing Before Policy: 5
Duration of Impact: 10.0 years
Commonness: 6/20
Statement of Opinion:
- I hope investment in coastal infrastructure helps protect local businesses.
- If it boosts tourism, that's a big win for us.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 5 |
| Year 2 | 7 | 5 |
| Year 3 | 7 | 5 |
| Year 5 | 8 | 5 |
| Year 10 | 8 | 5 |
| Year 20 | 8 | 5 |
State government official (Seattle, WA)
Age: 50 | Gender: male
Wellbeing Before Policy: 7
Duration of Impact: 20.0 years
Commonness: 4/20
Statement of Opinion:
- This revenue could empower our state's initiatives for sustainability and better infrastructure.
- Managing this allocation efficiently is crucial.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 7 |
| Year 2 | 8 | 7 |
| Year 3 | 9 | 7 |
| Year 5 | 9 | 7 |
| Year 10 | 9 | 7 |
| Year 20 | 9 | 7 |
Renewable energy consultant (Los Angeles, CA)
Age: 39 | Gender: male
Wellbeing Before Policy: 7
Duration of Impact: 5.0 years
Commonness: 6/20
Statement of Opinion:
- Any policy that increases investment in renewable energy is positive.
- Curious about the wind sector's role in California's development.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 7 |
| Year 2 | 7 | 7 |
| Year 3 | 8 | 7 |
| Year 5 | 8 | 7 |
| Year 10 | 8 | 7 |
| Year 20 | 8 | 7 |
Tour guide (Miami, FL)
Age: 30 | Gender: female
Wellbeing Before Policy: 5
Duration of Impact: 20.0 years
Commonness: 8/20
Statement of Opinion:
- This could be a game-changer if it really tackles our needs for better coastal management.
- I've seen too many friends lose out when storms hit.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 5 |
| Year 2 | 6 | 5 |
| Year 3 | 7 | 5 |
| Year 5 | 7 | 5 |
| Year 10 | 7 | 5 |
| Year 20 | 7 | 5 |
Environmental activist (New Orleans, LA)
Age: 29 | Gender: other
Wellbeing Before Policy: 7
Duration of Impact: 20.0 years
Commonness: 5/20
Statement of Opinion:
- More funds are critical for defending our coastlines; we need this before it's too late.
- It's a step towards acknowledging what coastal states contribute.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 8 | 7 |
| Year 2 | 8 | 7 |
| Year 3 | 8 | 7 |
| Year 5 | 9 | 7 |
| Year 10 | 9 | 7 |
| Year 20 | 9 | 7 |
Retired teacher (Biloxi, MS)
Age: 65 | Gender: female
Wellbeing Before Policy: 6
Duration of Impact: 5.0 years
Commonness: 9/20
Statement of Opinion:
- Additional funding for restoration is good, but I'm skeptical about where it really goes.
- I'd love to see visible improvements, like better flood defenses.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 6 |
| Year 2 | 6 | 6 |
| Year 3 | 7 | 6 |
| Year 5 | 7 | 6 |
| Year 10 | 7 | 6 |
| Year 20 | 7 | 6 |
Cost Estimates
Year 1: $2500000 (Low: $1500000, High: $3500000)
Year 2: $2500000 (Low: $1500000, High: $3500000)
Year 3: $2500000 (Low: $1500000, High: $3500000)
Year 5: $3000000 (Low: $2000000, High: $4000000)
Year 10: $3500000 (Low: $2500000, High: $4500000)
Year 100: $5000000 (Low: $4000000, High: $6000000)
Key Considerations
- The policy emphasizes reallocation of federal leasing revenue rather than creating new expenditures.
- While this policy primarily affects federal and state budgets, its effects on regional economic ecosystems are significant.
- Federal oversight is crucial in ensuring that the funds are used appropriately as per the bill's guidelines.