Sponsors (4)
The bill guarantees dedicated, predictable funding to accelerate coastal storm risk reduction and improve community resilience, but it does so by redirecting OCS receipts and carving out spending from budget caps—boosting coastal protection while reducing fiscal flexibility and raising deficit and equity concerns.
Local, state, and coastal communities receive a dedicated $1.0B/year stream for coastal storm risk projects, enabling more construction, maintenance, and nourishment to reduce flood damage and improve long‑term resilience.
Communities at risk from coastal storms (urban and rural) get more consistent funding for operation, maintenance, and periodic nourishment of coastal defenses, improving public safety and reducing emergency recovery costs.
The Fund’s ability to be available until expended, plus predictable treatment of Corps accounts and reporting requirements, gives the Army Corps, local sponsors, and Congress more predictable multi‑year planning, transparency, and program stability for projects.
Taxpayers and federal budget priorities face reduced flexibility because the bill redirects $1.0B/year of Outer Continental Shelf receipts away from general Treasury use, limiting funds available for other spending or deficit reduction.
Excluding these Trust Fund appropriations from discretionary caps may increase total federal spending or the deficit (unless offsets are found) and can shift fiscal pressure onto other programs or future taxpayers.
Carving these Corps appropriations out of discretionary limits reduces fiscal headroom for other discretionary programs, which could tighten caps or increase sequestration risk for unrelated priorities.
Based on analysis of 4 sections of legislative text.
Creates a Treasury Coastal Storm Risk Management Trust Fund funded by $1B/year in OCS receipts to finance Army Corps coastal storm risk projects, subject to appropriation.
Official title: To establish the Coastal Storm Risk Management Trust Fund and authorize the use of amounts in such Fund for coastal storm risk management activities of the Corps of Engineers, and for other purposes.
Introduced February 10, 2026 by Jefferson Van Drew · Last progress February 10, 2026
Creates a new Coastal Storm Risk Management Trust Fund that directs $1 billion per year from Outer Continental Shelf (OCS) receipts into a Treasury-managed account to support coastal storm risk management projects carried out by the Army Corps of Engineers. Money in the Fund is available only as provided by Congress (advance appropriation), may be invested by Treasury, and must be reported annually to relevant congressional committees; unobligated balances revert to the general fund on termination. The bill also treats Fund-derived, statutorily designated appropriations for certain Corps accounts as adjustments to discretionary spending limits under the Balanced Budget and Emergency Deficit Control Act.