Sens. Sheldon Whitehouse (D-R.I.) and Olympia Snowe (R-Maine) introduced legislation July 22 to establish a National Endowment for Oceans, Coasts, and Great Lakes to restore and preserve coastal ecosystems and communitiesrnThe National Endowment for the Oceans Act (S. 3641) would establish a grant program from interest accrued from the Oil Spill Liability Trust Fund and the dedication of 12.5 percent of revenues from offshore energy development, including oil, gas, and renewable energy, but excluding revenue generated from Arctic drilling.
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