The bill is about sharing money from oil and gas found in the ocean between the U.S. government and Alaska. Alaska will use its part to help protect beaches, nature, and cities, and also for building things and schools.

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.