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119-hr-7459119th CongressWALLET

Coastal Trust Fund Act

Sponsored By: Representative Van Drew, Jefferson [R-NJ-2]

In Committee

Summary

Creates a dedicated $1 billion annual Coastal Storm Risk Management Trust Fund to pay for Army Corps coastal storm risk management projects. It channels Outer Continental Shelf receipts and investment earnings into a Treasury trust and changes how Corps appropriations from that fund count against budget adjustments.

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  • Coastal communities and homeowners: Get more predictable funding for hurricane and storm damage reduction, shoreline protection, and periodic beach nourishment.
  • Army Corps of Engineers: The fund receives $1 billion each year from Outer Continental Shelf revenues plus investment earnings. The Corps must report annually to congressional committees on amounts used, projects funded, and year-end unobligated balances.
  • Federal budgeting: Appropriations drawn from the Fund and designated for coastal storm risk management are included in an expanded fiscal-year adjustment under the Balanced Budget and Emergency Deficit Control Act.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

New $1 billion coastal protection fund

If enacted, the bill would create the Coastal Storm Risk Management Trust Fund in the U.S. Treasury. The Fund would get $1 billion each fiscal year from certain Outer Continental Shelf receipts and from earnings on investments. Treasury would manage and invest unused amounts in U.S. government obligations and certify quarterly deposits. The Army Corps would be able to use Fund amounts to pay the federal share of construction, upkeep, repairs, and beach nourishment for coastal projects that Congress specifically authorizes, but money would be available only if Congress provides it in advance appropriations. Treasury would send a report within 60 days after each fiscal year listing amounts used, projects funded, and the year-end balance. The bill would also change budget scoring for Corps appropriations made from the Fund and protect certain other offshore receipts from being reduced.

Sponsors & CoSponsors

Sponsor

Van Drew, Jefferson [R-NJ-2]

NJ • R

Cosponsors

  • Rep. Gillen, Laura [D-NY-4]

    NY • D

    Sponsored 2/10/2026

  • Rep. Smith, Christopher H. [R-NJ-4]

    NJ • R

    Sponsored 2/11/2026

  • Rep. Kelly, Mike [R-PA-16]

    PA • R

    Sponsored 3/4/2026

Roll Call Votes

No roll call votes available for this bill.

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