Sponsors (4)
The bill channels a dedicated $1.0B/year from offshore receipts into a Trust Fund to speed and stabilize coastal storm-risk projects—boosting local resilience and project planning—at the cost of reduced federal budget flexibility, potential increases in total federal spending or deficits, and concentrated decision-making that may favor some projects over others.
Local and state governments and coastal communities receive a dedicated, predictable $1.0 billion/year funding stream for coastal storm risk reduction projects, accelerating construction, maintenance, and long-term resilience.
Communities threatened by coastal storms (including rural and urban coastal residents) gain more consistent funding for operation, maintenance, and periodic nourishment of protective projects, improving safety and reducing flood risk over time.
Local governments and project sponsors benefit from a financial design that allows unobligated Fund balances to be invested in U.S. obligations and to remain available until expended, supporting multi-year planning and potentially increasing resources through earned interest.
Taxpayers and the federal budget will see $1.0 billion/year of OCS (outer continental shelf) receipts redirected to the Trust Fund, reducing amounts available for other discretionary priorities or deficit reduction.
Other discretionary programs and appropriations flexibility may be squeezed because excluding Trust Fund appropriations from discretionary caps can increase overall federal spending or shift fiscal pressure onto other budgets, potentially raising taxes or cuts elsewhere.
Local governments and project sponsors risk losing specially earmarked resources if the Fund terminates and unobligated balances revert to the general fund while projects remain incomplete.
Based on analysis of 4 sections of legislative text.
Directs $1 billion per year in Outer Continental Shelf receipts into a Treasury trust fund to finance Army Corps coastal storm risk management projects, with funds available by advance appropriation and excluded from certain discretionary caps.
Introduced February 10, 2026 by Jefferson Van Drew · Last progress February 10, 2026
Creates a new Treasury trust fund that directs $1,000,000,000 per year from Outer Continental Shelf receipts into a Coastal Storm Risk Management Trust Fund to pay for Army Corps of Engineers coastal storm risk management projects. Treasury will administer and may invest unobligated funds; Congress must make funds available by advance appropriation for construction, operation, maintenance, repair, rehabilitation, and periodic nourishment of eligible coastal projects. The bill also amends budget enforcement rules to exclude these Fund-derived, Congress-designated appropriations for certain Corps accounts from discretionary spending limits.