H.R.1551 - Domestic Offshore Energy Reinvestment Act of 2005

To amend the Outer Continental Shelf Lands Act to provide a domestic offshore energy reinvestment program, and for other purposes. view all titles (2)

All Bill Titles

  • Short: Domestic Offshore Energy Reinvestment Act of 2005 as introduced.
  • Official: To amend the Outer Continental Shelf Lands Act to provide a domestic offshore energy reinvestment program, and for other purposes. as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
04/12/05
 
 
 
 
 
 
 

Official Summary

Domestic Offshore Energy Reinvestment Act of 2005 - Amends the Outer Continental Shelf Lands Act to establish the Secure Energy Reinvestment Fund, consisting of outer Continental Shelf revenues attributable to royalties received by the United States in excess of prescribed amounts. Instruct

Official Summary

Domestic Offshore Energy Reinvestment Act of 2005 - Amends the Outer Continental Shelf Lands Act to establish the Secure Energy Reinvestment Fund, consisting of outer Continental Shelf revenues attributable to royalties received by the United States in excess of prescribed amounts. Instructs the Secretary to pay to each coastal energy State (including its coastal political subdivision) certain amounts remaining in the Fund after payment for:
(1) administrative expenses; and
(2) the Coastal Restoration and Enhancement through Science and Technology program. Sets forth the uses of the Coastal Restoration and Enhancement through Science and Technology program.

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