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US HB7459
Bill
Status
2/10/2026
Primary Sponsor
Jeff Van Drew
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AI Summary
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Establishes the Coastal Storm Risk Management Trust Fund in the U.S. Treasury, funded with $1 billion annually from Outer Continental Shelf revenues (bonuses, rentals, royalties, and fees) plus investment earnings
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Authorizes the Secretary of the Army (through the Chief of Engineers) to use Fund amounts for the federal share of construction, operation, maintenance, repair, rehabilitation, and periodic nourishment of coastal storm risk management projects
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Requires the Secretary to submit annual budget requests equal to the total projected Fund balance and report to Congress within 60 days of each fiscal year's end on amounts spent, projects funded, and remaining balance
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Protects existing funding streams by ensuring deposits do not reduce amounts going to the Land and Water Conservation Fund or Gulf of Mexico Energy Security Act allocations
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Amends the Balanced Budget and Emergency Deficit Control Act to allow budget cap adjustments for Corps of Engineers appropriations derived from this Fund and designated for coastal storm risk management projects
Legislative Description
Coastal Trust Fund Act
Economics and public finance
Last Action
Referred to the Committee on Transportation and Infrastructure, and in addition to the Committees on Natural Resources, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2/10/2026