Sponsors (4)
The bill provides stable, dedicated funding and greater predictability for coastal storm risk reduction—improving resilience and project delivery—but does so by redirecting federal OCS receipts and carving out appropriations from budget caps, which reduces fiscal flexibility and may increase deficits or shift costs and priorities elsewhere.
Coastal communities and local governments receive a predictable $1.0 billion per year dedicated funding stream for coastal storm risk reduction projects, increasing flood protection and resilience.
Communities threatened by coastal storms (rural and urban) gain more consistent support for operation, maintenance, and periodic nourishment of coastal projects, improving public safety and long-term resilience.
The bill creates more predictable, multi-year funding treatment and reporting for Army Corps accounts and local partners (availability until expended plus annual reporting), improving planning, project stability, and transparency for Congress and the public.
Redirecting $1.0 billion per year of Outer Continental Shelf (OCS) receipts to the Trust Fund reduces those receipts available for other discretionary priorities or deficit reduction, potentially increasing pressure on taxpayers or other programs.
Excluding Trust Fund appropriations from discretionary limits may increase total federal spending or the deficit if not offset and can tighten fiscal headroom for other discretionary programs, shifting cuts or caps onto other priorities.
Concentrating funding decisions and carve-outs with the Army Corps (and permitting statutory designations) risks prioritizing certain authorized or politically favored projects over others, potentially delaying projects that fall outside narrow eligibility and enabling ad hoc earmarks.
Based on analysis of 4 sections of legislative text.
Creates a Treasury trust fund receiving $1B/year from OCS receipts for Corps coastal storm risk projects and excludes those appropriations from discretionary caps.
Introduced February 10, 2026 by Jefferson Van Drew · Last progress February 10, 2026
Creates a new federal trust fund that receives $1.0 billion per year from Outer Continental Shelf (OCS) receipts plus investment earnings, to pay for coastal storm risk management projects carried out by the Army Corps of Engineers. The Treasury will administer and invest the Fund, and Congress must appropriate amounts (advance appropriation) for project construction, operation, maintenance, repair, rehabilitation, and periodic beach nourishment; the bill also changes budget enforcement rules so those Fund-derived, statutorily designated Corps appropriations are excluded from discretionary spending limits.