Coastal Trust Fund Act
Sponsored By: Representative Van Drew
Introduced
Summary
Creates a Coastal Storm Risk Management Trust Fund with $1 billion deposited each year from Outer Continental Shelf revenues to fund Army Corps coastal storm risk management projects.
Show full summary
- Coastal communities and families would get a dedicated revenue stream for hurricane and storm damage reduction, shoreline protection, and beach nourishment projects.
- The Army Corps of Engineers would use the Fund to pay the federal share of construction, operation, maintenance, repair, rehabilitation, and periodic nourishment for Congress‑authorized coastal storm projects.
- The Department of the Treasury would hold and invest the Fund, certify quarterly deposits, and provide annual reports to Congress showing amounts spent, projects funded, and year‑end unobligated balances.
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 1 benefits, 0 costs, 1 mixed.
New fund for coastal storm projects
If enacted, the bill would create a Coastal Storm Risk Management Trust Fund in the U.S. Treasury. The Fund would be credited $1 billion each fiscal year from Outer Continental Shelf receipts and would keep all investment earnings. The Treasury Secretary would run the Fund and invest amounts not needed for current withdrawals in U.S. government obligations. Money in the Fund would be available until spent and used to pay the Federal share of Corps projects for hurricane and storm damage reduction, shoreline protection, and periodic beach nourishment. Those project payments would be available only if Congress provides the amounts in advance in appropriations laws. The law would also say the Fund does not reduce Land and Water Conservation Fund or certain Gulf of Mexico receipts, and leftover balances would go to the Treasury general fund if the Fund ends.
Army Corps budget tied to fund
If enacted, the bill would require the Secretary of the Army to give OMB a budget number equal to the Fund's projected balance at the start of each fiscal year. The bill would also change budget scorekeeping so that Corps appropriations drawn from the Fund and labeled for coastal storm projects count in the fiscal year adjustment under the Balanced Budget and Emergency Deficit Control Act. This would change how Corps spending is presented and scored for deficit limits.
Sponsors & CoSponsors
Sponsor
Van Drew
NJ • R
Cosponsors
Gillen
NY • D
Sponsored 2/10/2026
Smith (NJ)
NJ • R
Sponsored 2/11/2026
Kelly (PA)
PA • R
Sponsored 3/4/2026
Roll Call Votes
No roll call votes available for this bill.
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