Creates new federal tools to protect and improve “working waterfronts” — the docks, boatyards, fishing piers, and other coastal places where water‑dependent jobs happen. It sets up a federal Task Force, a competitive grant program, and capitalization grants for states to run revolving loan funds.

Grants and loans must meet matching requirements, support public access where appropriate, follow strong labor standards during construction, and be reported to Congress. Dedicated support is included for Indian Tribes, Native Hawaiian organizations, and disadvantaged communities so they can access funding and keep coastal economies strong and inclusive.