Tipton Advocates for his Education and Energy Act during Natural Resources Hearing
WASHINGTON, D.C. – Today, Congressman Scott Tipton’s (CO-03) Education and Energy Act (H.R. 5859), a bill to help states support K-12 and public higher education through the responsible development of energy resources, received a hearing in the House Natural Resources Subcommittee on Energy and Mineral Resources.
“By directing a greater portion of federal energy revenues to fund education, we will make a significant investment in the future of Colorado’s children and universities without increasing the federal deficit,” said Tipton. “This is a win-win for the country – we can make greater investments in education while also reducing America’s dependence on foreign energy, lowering energy costs, and creating more jobs here at home.”
During the subcommittee’s hearing on H.R. 5859, Mesa County Commissioner Rose Pugliese spoke in support of the bill. In her testimony, Commissioner Pugliese discussed how the increased investment in K-12 and public higher education that would be made possible through H.R. 5859 would benefit counties in Western Colorado:
“Ensuring that our future workforce has the skills needed to meet the demands of business and industry must start with career exploration at an early age…Funding from this legislation could facilitate that process and with higher education leave a lasting workforce legacy in our communities for our businesses and our residents. Once interest in these skills and the careers that utilize them is established, the K-12 system in collaboration, can provide a seamless pathway to industry certifications and advanced degrees.”
H.R. 5859 would dedicate more of the federal share of mineral and geothermal lease royalties back to the state in which they were generated to support public education. Specifically, 33 percent of the federal portion of new mineral and geothermal revenues would be sent back to the state in which the revenue was generated and 17 percent would be split between all 50 states.
The bill would only apply to new leases and revenues that exceed the Congressional Budget Office’s estimated revenue for the leases in the prior fiscal year. Tipton has committed to working to ensure that the counties from which energy revenues are derived benefit directly from the legislation.
# # #