If enacted, HB6641 would significantly enhance the management and funding capacity for working waterfronts in the United States. It introduces provisions for establishing a working waterfronts preservation loan fund that would allow eligible coastal states to receive federal grants to support local initiatives. Furthermore, it promises to authorize appropriations of $50 million annually from 2024 through 2028 for these purposes. This financial support is expected to promote restoration and protection measures across vulnerable coastal regions, directly impacting local economies and cultural heritage associated with waterfront activities.
Summary
House Bill 6641, known as the 'Keep America’s Waterfronts Working Act', aims to amend the Coastal Zone Management Act of 1972. The bill seeks to establish a working waterfronts Task Force and create grant and loan programs specifically designed for the preservation and enhancement of working waterfront areas. This initiative is crucial for supporting coastal communities that rely heavily on their waterfront for economic activities, including fishing, aquaculture, and tourism. By providing targeted financial assistance, the bill intends to help safeguard these vital resources against threats from development and environmental changes.
Contention
While the bill generally enjoys support among stakeholders that advocate for sustainable coastal management, concerns have been raised regarding the allocation of resources and oversight of the programs created under this bill. Some critics argue that there is a risk of funds being mismanaged or not reaching the disadvantaged communities that need them most. Additionally, determining the membership and functions of the Task Force could lead to disagreements on priorities and approaches to managing working waterfronts effectively. The challenge will be balancing the interests of various stakeholders, including environmental groups, local businesses, and state authorities.
A bill to amend title 23, United States Code, to establish a grant program to rebuild and improve transportation infrastructure at urban waterfronts, and for other purposes.
Providing for the Waterfront Redevelopment Grant Program; establishing the Waterfront Redevelopment Fund; and imposing powers and duties on the Department of Community and Economic Development.