1. Short title
This Act may be cited as the “Strengthening Coastal Communities Act of 2020”.
Strengthening Coastal Communities Act of 2020
A BILL
To amend the Outer Continental Shelf Lands Act to require 30 percent of revenues from offshore wind energy to be deposited in the National Oceans and Coastal Security Fund, and for other purposes.
2. Offshore wind revenues
Section 8(p)(2) of the Outer Continental Shelf Lands Act (43 U.S.C. 1337(p)(2)) is amended by adding at the end the following:
“(C) With respect to any lease under this subsection for the production of wind energy, 30 percent of the revenue from such lease shall be deposited in the National Oceans and Coastal Security Fund established by section 904 of the National Oceans and Coastal Security Act (16 U.S.C. 7503).”