WASHINGTON (Jan. 2, 2019) – The R Street Institute welcomes President Donald Trump’s signing of H.R. 5787, Strengthening Coastal Communities Act of 2018. The bill updates maps used to define the boundaries of the Coastal Barrier Resources System (CBRS), a 3.3 million acre zone of islands, beaches, wetlands and coastal waters that are off-limits to federal development subsidies.
First signed by President Ronald Reagan in 1982, the Coastal Barrier Resources Act has for decades protected taxpayers from being forced to foot the bill for environmentally destructive spending along the Atlantic and Gulf coasts, the Great Lakes and Puerto Rico. The bill signed by President Trump adds more than 2,000 otherwise developable acres to the CBRS, while taking about 250 acres out of the system.
“The CBRA has long been a model for a conservative approach to environmental concerns,” R Street Director of Finance, Insurance and Trade Policy R.J. Lehmann said. “As communities continue to grapple with the worsening effects of storm surge and coastal flooding, a crucial first step is to remove taxpayer-financed incentives that not only degrade our natural defenses, but put more Americans in harm’s way.”