Strengthening Coastal and Ocean Protection: Funds for Climate and Resilience
This act aims to enhance the security and resilience of coastal communities and protect oceans. It allocates more funds for projects related to marine environmental protection, climate change mitigation, and strengthening coastal infrastructure, potentially leading to safer lives and better conditions for local economies.
Key points
Increased Funding for Coastal and Ocean Protection: The act allocates $200 million annually until 2030 to the National Oceans and Coastal Security Fund, plus a portion of revenues from wind energy leases.
Support for Coastal Communities: Funds can be used for projects protecting against floods, erosion, hurricanes, and strengthening infrastructure, enhancing safety for residents and their property.
Combating Climate Change: The act promotes projects that help oceans and coastal areas absorb carbon dioxide, contributing to global warming reduction.
Support for Local Businesses: Funds can assist small businesses dependent on coastal tourism and support sustainable commercial activities like fishing and aquaculture.
Expired
Additional Information
Print number: 117_HR_3892
Sponsor: Rep. Beyer, Donald S., Jr. [D-VA-8]
Process start date: 2021-06-15