Coastal Trust Fund Act
Summary
What This Bill Does
The bill establishes a Treasury trust fund for coastal storm risk management, credits it with $1 billion each fiscal year from Outer Continental Shelf receipts, and makes the money available, subject to appropriations, for Army Corps construction, operation, maintenance, repair, rehabilitation, periodic nourishment, feasibility, and design work. It also requires annual project reporting and creates a budget cap adjustment for Corps accounts funded from the new trust fund.
Who Benefits and How
Coastal communities, shoreline protection projects, Army Corps coastal programs, and states with congressionally authorized storm-damage projects benefit from a dedicated funding stream that can support nourishment, repair, restoration, feasibility, engineering, construction, and maintenance. Project sponsors benefit because the fund can pay the federal share of authorized coastal storm risk management work. Existing Land and Water Conservation Fund and Gulf of Mexico Energy Security Act recipients are protected because the bill says those deposits are not reduced.
Who Bears the Burden and How
The Treasury Department must administer and invest the trust fund, certify quarterly credits, and transfer unobligated balances to the general fund if the fund terminates. The Army Corps must align its OMB budget submission to projected fund balances and report annually to House and Senate committees on amounts made available, obligated projects, expenditures, and unobligated balances. Federal budget scorekeeping must accommodate a new adjustment for designated Corps appropriations derived from the fund.
Key Provisions
- Creates the Coastal Storm Risk Management Trust Fund in the Treasury.
- Funds the trust fund with $1 billion per fiscal year from Outer Continental Shelf receipts plus investment earnings.
- Authorizes appropriated fund use for Army Corps coastal storm risk construction, maintenance, repair, rehabilitation, nourishment, studies, and design.
- Requires annual Corps reporting on fund obligations, project spending, and unobligated balances.
- Adds a budget cap adjustment for designated Corps appropriations derived from the trust fund.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
Creates a Coastal Storm Risk Management Trust Fund that dedicates $1 billion per fiscal year from Outer Continental Shelf receipts, plus investment earnings, to Army Corps coastal storm risk projects when appropriated.
Key Policy Areas
infrastructure, coastal_resilience, budget
Primary Purpose
Creates a Coastal Storm Risk Management Trust Fund that dedicates $1 billion per fiscal year from Outer Continental Shelf receipts, plus investment earnings, to Army Corps coastal storm risk projects when appropriated.
Policy Domains
Substantive provisions
Identified Gains
- Coastal communities
- Army Corps coastal programs
- Shoreline protection projects
- Project sponsors
Identified Costs
- Treasury Department
- Army Corps
- Office of Management and Budget
- Congressional infrastructure committees
Sponsors
Legislative Progress
In CommitteeReferred to the Subcommittee on Water Resources and Environment.
Referred to the Committee on Transportation and Infrastructure, and in …
Introduced in House
Mr. Van Drew (for himself and Ms. Gillen) introduced the …
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Army Corps, Army Corps appropriations accounts, Army Corps coastal programs
Positive-direction: Army Corps appropriations accounts, Army Corps coastal programs, Congressional infrastructure committees
Negative-direction: Army Corps, Congressional budget committees, Office of Management and Budget, Treasury Department
Coastal storm risk projects, Shoreline protection projects
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "agencies"
- → ['Treasury Department', 'Army Corps', 'Office of Management and Budget']
- "beneficiaries"
- → ['Coastal communities', 'Project sponsors']
Key Definitions
Terms defined in this bill
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology