In CommitteeFiled Feb 10, 2026
Sponsor: Rep. Van Drew, Jefferson [R-NJ-2] (R)
Latest Action
Referred to the Subcommittee on Water Resources and Environment.
Feb 11, 2026
Summary
The bill sets up the Coastal Storm Risk Management Trust Fund in the Treasury, funded each year with $1 billion from offshore oil and gas receipts. Money from the fund can be spent on Corps of Engineers projects that reduce hurricane damage, protect shorelines, and provide beach nourishment. The Treasury will manage and invest the fund, and the Army’s Chief of Engineers will use it for eligible projects.
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