Cassidy Amendment To Restore Coast Passes House

Statement

Today, Congressman Bill Cassidy, M.D. passed an amendment through the U.S. House of Representatives which would increase the yearly cap on offshore oil and gas energy revenues that Louisiana will receive from $500 million to $1 billion, starting in 2023. 100 percent of these funds will be dedicated to restoring our coastline and protecting communities from hurricane flooding. He released the following statement:

"This is a major victory for Louisiana. Our state and nation rely on our oil and gas, our strong ports and the economic activity that happens on our coast. This amendment will preserve those assets by providing more money for coastal restoration. It moves Louisiana towards receiving the same benefits that other states do which have oil and gas production on their federal lands. Finally, restoring our coast will help protect Louisiana against hurricanes. This is a crucial amendment and I urge the Senate to embrace it."

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