House Bill Would Create $1B Annual Coastal Trust Fund Backed by Offshore Drilling Fees
The Coastal Trust Fund Act is currently sitting in three different House committees for review. No action has been taken on this bill since February 2026. Because it has not moved in four months, it is considered stalled.
Scores run from -100 (strongly harmful) to +100 (strongly beneficial) for each group, combining impact, certainty, scope, and duration ratings of 1-5. How impact scoring works
Renters in coastal communities would benefit indirectly from stronger storm protections that reduce flooding and storm damage to rental properties. This could help prevent displacement after major storms and may help stabilize rents in vulnerable coastal areas by reducing the frequency of costly storm repairs that landlords pass on to tenants.
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.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Reps. Jeff Van Drew and Laura Gillen announced the Coastal Trust Fund Act to permanently secure $1 billion annually for beach repairs using revenue from offshore drilling. The plan aims to bypass the 'roller-coaster' of yearly budget cycles for the Army Corps of Engineers.

The bipartisan Coastal Trust Fund Act, introduced by Rep. Jeff Van Drew (R-NJ) and Rep. Laura Gillen (D-NY), would create a permanent $1 billion annual funding stream for coastal storm risk management projects like beach nourishment, funded by existing offshore energy lease revenues.

H.R. 7459, the Coastal Trust Fund Act, proposes a dedicated federal funding stream for beach nourishment and dune repair. The bill seeks to treat coastal protection as essential infrastructure by depositing $1 billion annually into a permanent trust fund.
No votes or related bills recorded for this bill yet.
Document Type
Congressional Bill
Official Title
Coastal Trust Fund Act
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