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Referred to the Committee on Natural Resources, and in addition to the Committees on Energy and Commerce, and Science, Space, and Technology, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Introduced June 4, 2025 by Paul Tonko · Last progress 9 months ago
Creates a federal push to expand offshore renewable energy by funding U.S. shipyards and vessel production, speeding permitting and environmental review, setting national offshore wind capacity goals, creating an Offshore Renewable Energy Compensation Fund, and standing up a new Offshore Power Administration to plan and finance offshore transmission. It also requires Tribal consultation, protections for fishing and cultural uses, prevailing local wages on grant-funded construction, and authorizes tens of millions for capacity building and mapping studies.
The bill makes multiple changes to the Outer Continental Shelf Lands Act to modernize leasing, environmental protections, revenue sharing for conservation and compensation, and planning for offshore transmission. It includes specific funding authorizations (for example, $100 million for shipyard grants, $95 million in FY2026 for permitting capacity, $10 billion Treasury loan limit for the new Administration) and several deadlines for establishing new programs and reports.