To distribute revenues from oil, gas, and wind leasing on the Outer Continental Shelf, and for other purposes.
About This Bill
Committee
Latest Action · July 20, 2022
Referred to the Committee on Natural Resources, and in addition to the Committee on the Budget, 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.
Budgeting for Renewable Electrical Energy Zone Earnings Act or the BREEZE Act
This bill makes various changes to the allocation of revenues from offshore oil, gas, and wind projects on the Outer Continental Shelf in the Gulf of Mexico, including to increase the share of revenues paid to states. It also exempts the payments to states from sequestration (a process of automatic, usually across-the-board spending reductions under which budgetary resources are permanently cancelled to enforce specific budget policy goals.)
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