
Congressman Van Drew, along with Congresswoman Laura Gillen (D-NY), introduced H.R. 7459, the Coastal Trust Fund Act, which would create a reliable, long-term funding source for coastal protection projects nationwide.
“My bipartisan Coastal Trust Fund Act sets up a permanent and reliable funding stream for coastal storm risk management projects like beach nourishment,” said Congressman Van Drew. “This is a big deal, not just for New Jersey, but for the whole country. The American coastal economy contributes to 46% of national GDP, but too often the government does not deliver coastal protection until after a disaster strikes. This legislation changes the status quo by investing $1 billion a year into the Army Corps of Engineers’ coastal storm management projects. By funding the Coastal Trust Fund with existing offshore energy lease revenues, we earned a budget-neutral score from the Congressional Budget Office, meaning no new taxes or fees on anybody. This bill was developed through months of collaboration with the top coastal experts in the country, and it is one of the most serious efforts in history to protect the coastlines of the United States. Thank you to my colleague Representative Gillen and the entire coastal community for supporting this effort.”
Continue reading “Representatives Van Drew, Gillen Introduce Bill to Strengthen Coastal Protection Nationwide”







