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Cassidy's Offshore Revenue Sharing Bill to Receive Vote on Senate Floor

Press Release

Date: Nov. 15, 2016
Location: Washington, DC
Issues: Energy Environment

The American Energy and Conservation Act of 2016, originally introduced in June by US Senator Bill Cassidy, MD (R-LA), will be voted on this week on the floor of the US Senate.

This legislation provides for more equitable revenue sharing for states involved in existing, new or future energy production from both onshore and offshore leasing areas. It also makes funds available for various conservation and coastal restoration activities.

"One-fourth of our nation's energy supply depends on the support facilities in South Louisiana. Our coastline is vital to supporting these facilities and protecting families from storm surge. Revenue sharing allows our state to rebuild and maintain a healthy coast, and in turn, support American energy security," said Dr. Cassidy.


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