S. 373 seeks to modify the distribution of revenues from the outer Continental Shelf and aims to promote federal financial sharing to boost renewable energy opportunities. The bill proposes changes to the National Oceans and Coastal Security Fund, including new revenue...
Simple Explanation
S. 373 is a bill that wants to change how the money made from using the ocean's bottom (like for wind energy) is shared, so some of it can help make more clean energy. It also wants to make sure money is shared fairly between states and is spent on important projects, but some rules might be a little confusing or seem unfair to some states.