Sponsors (4)
The bill creates a predictable, dedicated $1 billion-per-year Trust Fund to improve planning and protect coastal communities from storm damage, but it does so at the cost of reducing flexible federal revenues, increasing fiscal pressures and deficits, and limiting funding flexibility and eligibility which could delay or exclude some local priorities.
Local and state governments and coastal communities gain a predictable $1 billion per year dedicated funding stream to plan, build, and maintain coastal storm risk management projects.
Homeowners and coastal residents will likely face reduced flood and storm damage risk because the Fund supports construction and operation/maintenance of protective projects.
The law requires improved budgeting and transparency (annual budget requests for projected beginning-of-year balances and annual reports to Congress), which helps local planners and taxpayers track project funding and plan multi-year projects.
Redirecting $1 billion per year of Outer Continental Shelf receipts to the Trust Fund and treating Trust Fund amounts as budgetary adjustments reduces flexible federal revenues and can increase fiscal pressure on taxpayers or other programs, raising deficit risk.
The Fund only covers projects and uses specified by statute or authorized by Congress, so some locally needed storm-risk projects may be ineligible and communities could be unable to access funds for certain priorities.
Because project spending still depends on annual appropriations, reliance on the Fund could delay construction or maintenance if Congress does not appropriate the projected amounts, slowing repairs and nourishment efforts.
Based on analysis of 4 sections of legislative text.
Creates a Treasury trust fund funded by $1B/year in OCS receipts to support Army Corps coastal storm risk management projects, with investment earnings, reporting, and budget adjustments.
Introduced February 10, 2026 by Jefferson Van Drew · Last progress February 10, 2026
Creates a new Treasury trust fund that receives $1 billion each year from Outer Continental Shelf (OCS) receipts to support coastal storm risk management projects carried out by the Army Corps of Engineers. The Fund may earn investment income, requires annual budget requests and yearly reporting to congressional committees, and includes a budgetary treatment that counts designated appropriations from the Fund as an adjustment to limits for certain Corps accounts.