119th Congress (2025-2026)

HR 7459

Coastal Trust Fund Act

In Committee

Jurisdiction

US Congress

Session

119th Congress (2025-2026)

Official source

Chamber

House

Session

119th Congress (2025-2026)

Jurisdiction

US Congress

Bill overview

The Coastal Trust Fund Act establishes a new trust fund to support coastal storm risk management projects undertaken by the U.S. Army Corps of Engineers. The fund will be financed through revenues typically deposited into the Treasury and invested in U.S. obligations. Funds are available for projects like hurricane protection, shoreline restoration, and nourishment, and the Secretary of the Treasury will administer the fund and provide regular reports on its use.

Key provisions

Creates the Coastal Storm Risk Management Trust Fund.
Provides for annual deposits into the fund from specific U.S. revenue streams.
Authorizes investment of fund balances in U.S. obligations.
Specifies that funds are available for Corps of Engineers projects related to coastal storm risk management.
Requires an annual report detailing fund usage and balances.
Defines ‘coastal storm risk management project’ for the purpose of the fund.
Adjusts budgetary treatment to account for appropriations derived from the trust fund.
Provides for the transfer of any remaining, unspent funds to the general fund of the Treasury upon termination of the fund.

Who is affected

U.S. Army Corps of Engineers
Federal Government
Coastal Communities
Taxpayers
Environmental Protection Agencies

Notable changes

Establishes a dedicated funding source for coastal storm risk management.

Positions across the country

No public positions recorded for this legislation.

Arguments in favor

Reasons to support this legislation.

No arguments in favor have been submitted.

Submit yours

Arguments opposed

Reasons to oppose this legislation.

No arguments opposed have been submitted.

Submit yours

Legislative history

2026-02-10House

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.

2026-02-10House

2026-02-10

Introduced in House

Read the latest version inline or switch to a previous version.

Feb 10, 2026XMLView source

119th CONGRESS — 2d Session

H. R. 7459

IN THE HOUSE OF REPRESENTATIVES

A BILL

To establish the Coastal Storm Risk Management Trust Fund and authorize the use of amounts in such Fund for coastal storm risk management activities of the Corps of Engineers, and for other purposes.

1.Short title

This Act may be cited as the

Coastal Trust Fund Act

2.Coastal Storm Risk Management Trust Fund

(a)Establishment

There is established in the Treasury of the United States a trust fund to be known as the Coastal Storm Risk Management Trust Fund, consisting of amounts credited to the Fund as provided in this section.

(b)Deposits

There shall be credited to the Fund—

(1)$1,000,000,000 for each fiscal year, derived from available revenues received by the United States from bonuses, rentals, royalties, fees, and other receipts due and payable to the United States for deposit in the Treasury as miscellaneous receipts under the Outer Continental Shelf Lands Act (43 U.S.C. 1331 et seq.); and

(2)

all amounts earned on investments of the Fund under subsection (d)(2).

(c)Availability

Amounts in the Fund shall be available for obligation and expenditure only as provided in section 3 of this Act and shall remain available until expended.

(d)Other rules

(1)AdministrationThe Fund shall be administered by the Secretary of the Treasury, who shall determine and certify quarterly the amounts required to be credited to the Fund under subsection (b).

(2)Investment

The Secretary of the Treasury shall invest such portion of the Fund as is not, in the judgment of the Secretary, required to meet current withdrawals. Such investments may be made only in interest-bearing obligations of the United States or in obligations guaranteed as to principal and interest by the United States. The interest on, and the proceeds from the sale or redemption of, any such obligations shall be credited to and form part of the Fund.

(3)Certain amounts otherwise made available held harmless

Nothing in this section shall be construed to reduce or otherwise affect—

(A)

the amounts deposited in the Land and Water Conservation Fund under section 200302 of title 54, United States Code; and

(B)amounts made available under section 105(a)(2) of the Gulf of Mexico Energy Security Act of 2006 (43 U.S.C. 1331 note).

(4)TerminationUpon termination of the Fund, any unobligated balances remaining therein shall be transferred to the general fund of the Treasury.

3.Availability and use of funds

(a)AvailabilityTo the extent amounts are made available in advance in appropriations Acts, amounts in the Coastal Storm Risk Management Trust Fund shall be available to the Secretary for obligation and expenditure for the Federal share of the costs of construction, operation, maintenance, repair, rehabilitation, and periodic nourishment of coastal storm risk management projects.

(b)Annual budget request

The Secretary’s budget submission to the Office of Management and Budget for any fiscal year shall be equal to the total amount projected to be in the Fund at the beginning of such fiscal year.

(c)Annual report

Not later than 60 days after the end of each fiscal year, the Secretary shall submit to the Committee on Transportation and Infrastructure of the House of Representatives and the Committee on Environment and Public Works of the Senate a report describing—

(1)

the total amounts made available from the Fund under this section for that fiscal year;

(2)the coastal storm risk management projects for which amounts were obligated or expended; and

(3)the unobligated balance of the Fund at the end of that fiscal year.

(d)DefinitionsIn this section:

(1)Coastal storm risk management projectThe term coastal storm risk management project means a project for hurricane and storm damage reduction, coastal storm risk management, shoreline protection, or periodic nourishment that is specifically authorized by Congress and carried out by the Secretary under any provision of law, including any associated feasibility studies, engineering and design activities (including preconstruction engineering and design), operation and maintenance activities, and repair or restoration under section 5 of the Act of August 18, 1941 (33 U.S.C. 701n).

(2)Coastal Storm Risk Management Trust Fund; FundThe terms Coastal Storm Risk Management Trust Fund and Fund each mean the Coastal Storm Risk Management Trust Fund established under section 2.

(3)Secretary

The term Secretary means the Secretary of the Army, acting through the Chief of Engineers.

4.Budgetary treatment expansion and adjustment for the Coastal Storm Risk Management Trust Fund

Section 251(b)(2) of the Balanced Budget and Emergency Deficit Control Act of 1985 (2 U.S.C. 901(b)(2)) is amended by adding at the end the following:

(H)Coastal storm risk management projects

If, for any fiscal year, appropriations for the Construction, Mississippi River and Tributaries, and Operation and Maintenance accounts of the Corps of Engineers are enacted that are derived from the Coastal Storm Risk Management Trust Fund established under section 2 of the

Coastal Trust Fund Act

and that the Congress designates in statute as being for coastal storm risk management projects (as defined in section 3 of such Act), then the adjustment for that fiscal year shall be the total of such appropriations that are derived from such Fund and so designated.

HR 7459

Bill overview

Key provisions

Who is affected

Notable changes

Sponsors

Primary sponsor

Cosponsors

Positions across the country

Arguments in favor

Arguments opposed

Bill text

Fiscal impact

Positions across the country