H.R.1551 - Domestic Offshore Energy Reinvestment Act of 2005109th Congress (2005-2006)
|Sponsor:||Rep. Jindal, Bobby [R-LA-1] (Introduced 04/12/2005)|
|Committees:||House - Resources|
|Latest Action:||04/19/2005 Referred to the Subcommittee on Energy and Mineral Resources. (All Actions)|
This bill has the status Introduced
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Summary: H.R.1551 — 109th Congress (2005-2006)All Bill Information (Except Text)
Introduced in House (04/12/2005)
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.