# 119-hr-7459: Coastal Trust Fund Act

119-hr-7459, Coastal Trust Fund Act, is a 119th Congress bill sponsored by Rep. Van Drew, Jefferson [R-NJ-2] (R-NJ); status in_committee; PRIA reads it as touching household money (as of 2026-09-10).

- Canonical: https://policyrisk.com/legislation/119-hr-7459
- As of: 2026-09-10
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-7459
- Congress: 119
- Title: Coastal Trust Fund Act
- Status: in_committee
- Introduced: 2026-02-10
- Sponsor: Rep. Van Drew, Jefferson [R-NJ-2] (R-NJ)
- Cosponsors: 3
- Policy area: Water Resources Development
- Touches household money: yes
- Last recorded action: 2026-09-10

## 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. - 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.

## Cosponsors (3)

- Rep. Gillen, Laura [D-NY-4] (D-NY), 2026-02-10T00:00:00.000Z
- Rep. Smith, Christopher H. [R-NJ-4] (R-NJ), 2026-02-11T00:00:00.000Z
- Rep. Kelly, Mike [R-PA-16] (R-PA), 2026-03-04T00:00:00.000Z

## Provisions PRIA read

- New $1 billion coastal protection fund: mixed, high. 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 obli…

## Related bills

- 119-hr-4669: FEMA Act of 2025
- 119-hr-1262: Mikaela Naylon Give Kids a Chance Act
- 119-hr-1065: Protect Our Letter Carriers Act of 2025
- 119-hr-1410: 9/11 Responder and Survivor Health Funding Correction Act of 2025
- 119-hr-4583: Living Donor Protection Act of 2025
- 119-hr-1269: Honoring Our Fallen Heroes Act of 2025

## Sources
- [119-hr-7459 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/7459)

## Related
- [119-hr-4669: FEMA Act of 2025](https://policyrisk.com/legislation/119-hr-4669)
- [119-hr-1262: Mikaela Naylon Give Kids a Chance Act](https://policyrisk.com/legislation/119-hr-1262)
- [119-hr-1065: Protect Our Letter Carriers Act of 2025](https://policyrisk.com/legislation/119-hr-1065)
- [119-hr-1410: 9/11 Responder and Survivor Health Funding Correction Act of 2025](https://policyrisk.com/legislation/119-hr-1410)
- [119-hr-4583: Living Donor Protection Act of 2025](https://policyrisk.com/legislation/119-hr-4583)
- [119-hr-1269: Honoring Our Fallen Heroes Act of 2025](https://policyrisk.com/legislation/119-hr-1269)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-7459 (as of 2026-09-10).