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HR 10508 United States House · 118th Congress

Offshore Energy Modernization Act of 2024

The Offshore Energy Modernization Act of 2024 sets national goals requiring the development of 30 gigawatts of offshore wind energy by 2030 and 50 gigawatts by 2035. The bill establishes an Offshore Renewable Energy Compensation Fund using 10% of lease revenue to provide payments and grants to communities and entities affected by offshore projects, including fishing interests and Tribal groups. It also mandates project labor agreements for construction starting in 2026, requires 65% of manufactured products for offshore projects to be U.S.-made (with limited waivers), and creates an Offshore Power Administration to manage transmission infrastructure. The legislation includes provisions for environmental reviews, Tribal consultation processes, and decommissioning plans for offshore renewable energy projects.
Issues: ✓ Budget & TaxesSupports Budget & TaxesBill allocates 10% of lease revenue to fund community grants and Tribal compensation, directing government spending toward affected groups.95% confidence ✓ EnergySupports EnergySets binding offshore wind targets (30GW by 2030), funds community compensation, mandates renewable project requirements, and advances clean energy infrastructure goals.95% confidence ✓ EnvironmentSupports EnvironmentBill promotes offshore wind energy development, a clean energy source that reduces greenhouse gas emissions and supports environmental protection goals.85% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill mandates project labor agreements for offshore wind construction, which strengthens labor standards and collective bargaining for workers in energy projects.75% confidence
Sub-Topics: Wind Renewable Energy Transmission
Bill status in committee 1 of 4 stages cleared
Introduction
Dec 2024
Committee Review
Floor Vote
President
Introduced Dec 18, 2024 Last action Dec 18, 2024
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Total actions
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Committee
1
Dec 18, 2024
House · Referred to committee
Referred to the Committee on Natural Resources, and in addition to the Committees on Energy and Commerce, and Science, Space, and Technology, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Dec 18, 2024
House · Introduced
Introduced in House
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Paul Tonko
Paul Tonko
DDemocratic
NY
20