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S.1273: FAIR Act of 2013
About this Bill
|This bill was introduced in the||113th Congress|
|This bill is primarily about||energy|
|You can||read the bill|
|Sponsor||Lisa Murkowski, R-Alaska|
|Total Cosponsors||3 (All Democrats)|
|Introduced||July 10, 2013|
|Latest Major Action||July 23, 2013|
|See it on||GovTrack|
|See it on||C-SPAN|
- Bill introduced in the Senate
- Bill passed in the Senate
- Bill passed in the House
- Bill signed into law
Fixing America's Inequities with Revenues Act of 2013 or FAIR Act of 2013 - Amends the Outer Continental Shelf Lands Act (OCSLA) to direct the Secretary of the Interior to deposit into a special account in the Treasury 37.5% of all revenues payable to the United States from oil, natural gas, and alternative and renewable energy on the outer Continental Shelf (OCS).
Instructs the Secretary to disburse such revenues (with certain exceptions) according to this formula: (1) 27.5% of such revenues to coastal states and coastal political subdivisions, and (2) 10% of the revenues to coastal states that establish funds in their treasuries to support projects relating to alternative or renewable energy, energy research and development, energy efficiency, or conservation.
Prescribes requirements for allocating such revenues to coastal states and their coastal subdivisions, with a special rule for Alaska. Limits the allocable share of each coastal state to the revenues colle...
(Source: Congressional Research Service)
|July 23, 2013||Committee on Energy and Natural Resources. Hearings held. Hearings printed: S.Hrg. 113-122.|
|July 10, 2013||Read twice and referred to the Committee on Energy and Natural Resources.|