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Coastal Trust Fund Act

USA119th CongressHR-7459| House 
| Updated: 2/10/2026
Jefferson Van Drew

Jefferson Van Drew

Republican Representative

New Jersey

Cosponsors (3)
Laura Gillen (Democratic)Christopher H. Smith (Republican)Mike Kelly (Republican)

Transportation and Infrastructure Committee, Budget Committee, Natural Resources Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill, titled the "Coastal Trust Fund Act," establishes the Coastal Storm Risk Management Trust Fund within the U.S. Treasury. The Fund will be credited with $1,000,000,000 annually , derived from revenues generated by bonuses, rentals, royalties, and other receipts from the Outer Continental Shelf Lands Act, along with any earnings from investments made by the Secretary of the Treasury. Amounts in this Fund are designated for the federal share of costs associated with coastal storm risk management projects undertaken by the Corps of Engineers. These projects encompass construction, operation, maintenance, repair, rehabilitation, and periodic nourishment for hurricane and storm damage reduction and shoreline protection. The bill mandates that the Secretary's annual budget request to the Office of Management and Budget for these activities must equal the total projected balance in the Fund at the start of the fiscal year. Furthermore, the Secretary is required to submit an annual report detailing the amounts made available from the Fund, the specific projects for which funds were obligated or expended, and the remaining unobligated balance. The legislation also amends the Balanced Budget and Emergency Deficit Control Act of 1985 to allow for budgetary adjustments for appropriations derived from this new Trust Fund for designated coastal storm risk management projects.
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Timeline
Feb 10, 2026
Introduced in House
Feb 10, 2026
Referred to the Committee on Transportation and Infrastructure, and in addition to the Committees on Natural Resources, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  • February 10, 2026
    Introduced in House


  • February 10, 2026
    Referred to the Committee on Transportation and Infrastructure, and in addition to the Committees on Natural Resources, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Economics and Public Finance

Coastal Trust Fund Act

USA119th CongressHR-7459| House 
| Updated: 2/10/2026
This bill, titled the "Coastal Trust Fund Act," establishes the Coastal Storm Risk Management Trust Fund within the U.S. Treasury. The Fund will be credited with $1,000,000,000 annually , derived from revenues generated by bonuses, rentals, royalties, and other receipts from the Outer Continental Shelf Lands Act, along with any earnings from investments made by the Secretary of the Treasury. Amounts in this Fund are designated for the federal share of costs associated with coastal storm risk management projects undertaken by the Corps of Engineers. These projects encompass construction, operation, maintenance, repair, rehabilitation, and periodic nourishment for hurricane and storm damage reduction and shoreline protection. The bill mandates that the Secretary's annual budget request to the Office of Management and Budget for these activities must equal the total projected balance in the Fund at the start of the fiscal year. Furthermore, the Secretary is required to submit an annual report detailing the amounts made available from the Fund, the specific projects for which funds were obligated or expended, and the remaining unobligated balance. The legislation also amends the Balanced Budget and Emergency Deficit Control Act of 1985 to allow for budgetary adjustments for appropriations derived from this new Trust Fund for designated coastal storm risk management projects.
View Full Text

Suggested Questions

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Timeline
Feb 10, 2026
Introduced in House
Feb 10, 2026
Referred to the Committee on Transportation and Infrastructure, and in addition to the Committees on Natural Resources, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  • February 10, 2026
    Introduced in House


  • February 10, 2026
    Referred to the Committee on Transportation and Infrastructure, and in addition to the Committees on Natural Resources, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Jefferson Van Drew

Jefferson Van Drew

Republican Representative

New Jersey

Cosponsors (3)
Laura Gillen (Democratic)Christopher H. Smith (Republican)Mike Kelly (Republican)

Transportation and Infrastructure Committee, Budget Committee, Natural Resources Committee

Economics and Public Finance

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted