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Congress·In Committee·H.R. 7459

House Bill Would Create $1B Annual Coastal Trust Fund Backed by Offshore Drilling Fees

Coastal Trust Fund Act

about 1 month ago·View on Congress.gov

Legislative Progress

House
Senate
President
Law

Key Points

  • This bill creates a new national trust fund specifically to help coastal towns prepare for and recover from big storms and hurricanes. It would provide $1 billion every year to pay for projects like building sea walls, restoring sand to eroded beaches, and fixing storm damage.
  • The money for this fund would come from the fees and royalties that oil and gas companies pay the government to drill in the ocean. This ensures the program has a steady source of cash without relying entirely on the standard yearly budget process.
  • The Army Corps of Engineers would use the money to manage projects that protect shorelines and reduce the risk of flooding. This includes studying new ways to protect the coast, designing better defenses, and maintaining existing projects so they do not fall apart.
  • By setting up a dedicated fund, the bill aims to make sure coastal protection is a priority even when the government is making tough budget choices. It also changes budget rules to make it easier for Congress to spend this specific money on coastal safety each year.
Energy EnvironmentInfrastructure Transportation

Impact Analysis

Personal Impact

Scores: 1 = low, 5 = highSentiment: -5 to +5 (net benefit)

State Impacts

Scores: 1 = low, 5 = highSentiment: -5 to +5 (net benefit)

Milestones

2 milestones2 actions
Feb 10, 2026House

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.

Feb 10, 2026

Introduced in House

Source Information

Document Type

Congressional Bill

Official Title

Coastal Trust Fund Act

Bill NumberHR 7459
Congress119th Congress
ChamberHouse of Representatives
Latest ActionReferred 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.

Sponsor

Cosponsors

(2)
D: 1R: 1

Analysis generated by AI. Always verify with official sources.