1. Short title This Act may be cited as the Reinvesting In Shoreline Economies and Ecosystems Act of 2023 or the RISEE Act of 2023 . 2. National Oceans and Coastal Security Fund; parity in offshore wind revenue sharing (a) Definitions in the National Oceans and Coastal Security Act Section 902 of the National Oceans and Coastal Security Act ( 16 U.S.C. 7501 ) is amended— (1) by striking paragraph (5) and inserting the following: (5) Indian tribe The term Indian tribe has the meaning given that term in section 4 of the Indian Self-Determination and Education Assistance Act ( 25 U.S.C. 5304 ). ; and (2) by striking paragraph (7) and inserting the following: (7) Tidal shoreline The term tidal shoreline means the length of tidal shoreline or Great Lake shoreline based on the most recently available data from or accepted by the Office of Coast Survey of the National Oceanic and Atmospheric Administration. . (b) National Oceans and Coastal Security Fund Section 904 of the National Oceans and Coastal Security Act ( 16 U.S.C. 7503 ) is amended— (1) in subsection (a), by inserting and manage after establish ; (2) in subsection (b), by striking paragraph (1) and inserting the following: (1) In general The Fund shall consist of such amounts as— (A) are deposited in the Fund under subparagraph (C)(ii)(II) of section 8(p)(2) of the Outer Continental Shelf Lands Act ( 43 U.S.C. 1337(p)(2) ); and (B) are appropriated or otherwise made available for the Fund. ; (3) by striking subsection (d) and inserting the following: (d) Expenditure (1) $34,000,000 or less If $34,000,000 or less is deposited in, or appropriated or otherwise made available for, the Fund for a fiscal year, in that fiscal year— (A) not more than 5 percent of such amounts may be used by the Administrator and the Foundation for administrative expenses to carry out this title