This is the Reinvestment and Environmental Restoration Act of 1998. It is going to attempt to take 50 percent of the moneys that are now flowing into the Federal Treasury from offshore oil and gas revenues-- which have been very significant; $120 billion since 1955--and redistribute those revenues in a smarter way, in a better way, and in a way that our country can be proud of.
Discussing the Reinvestment and Environmental Restoration Act of 1998 during Senate floor debate.
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