[Congressional Record Volume 168, Number 133 (Saturday, August 6, 2022)]
[Senate]
[Page S4327]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 5377. Mr. CRAMER submitted an amendment intended to be proposed to 
amendment SA 5194 proposed by Mr. Schumer to the bill H.R. 5376, to 
provide for reconciliation pursuant to title II of S. Con. Res. 14; 
which was ordered to lie on the table; as follows:

        Strike section 50261 and insert the following:

     SEC. 50261. OFFSHORE WIND ENERGY ROYALTY RATE.

       Section 8(p)(2) of the Outer Continental Shelf Lands Act 
     (43 U.S.C. 1337(p)(2)) is amended--
       (1) in subparagraph (A)--
       (A) by striking ``(A) The Secretary'' and inserting the 
     following:
       ``(A) Royalties, fees, rentals, bonuses, or other 
     payments.--
       ``(i) In general.--Subject to clause (ii) and subparagraphs 
     (B) and (C), the Secretary''; and
       (B) by adding at the end the following:
       ``(ii) Royalty rate for offshore wind-powered electric 
     generation projects.--In establishing the royalty rate for a 
     lease, easement, or right-of-way granted under paragraph 
     (1)(C) for a wind-powered electric generation project, the 
     Secretary shall establish the rate at not less than 12.5 
     percent of the gross proceeds from the sale of electricity 
     produced by the wind-powered electric generation project.''; 
     and
       (2) in subparagraph (B)--
       (A) by striking ``(B) The Secretary'' and inserting the 
     following:
       ``(B) Payments to certain states.--The Secretary''; and
       (B) in the first sentence, by inserting ``(including 
     amounts received as royalties, as established under 
     subparagraph (A)(ii))'' after ``under this section''.
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