H.R. 2294: To reauthorize the Integrated Coastal and Ocean Observation System Act of 2009.

This bill proposes to reauthorize the Integrated Coastal and Ocean Observation System Act of 2009. The primary objectives and changes outlined in the bill include the following:

Key Changes to Terminology

The bill replaces the term "Council" with "Committee" throughout the existing law, specifically in relation to the oversight and management of the Integrated Coastal and Ocean Observation System.

Operational Focus

The bill expands the focus of operational ocean observation by requiring measurements to be conducted in addition to existing data collection efforts. This aims to enhance the system's capabilities in monitoring and understanding ocean and coastal environments.

Data Sharing and Collaboration

It encourages collaboration between regional offices and federally funded projects through the formation of processes that facilitate data sharing at regional levels. This is intended to improve the coordination and effectiveness of regional coastal observing systems.

Funding Allocations

The bill stipulates an appropriation of $56 million for each fiscal year from 2026 through 2030. This funding is aimed at supporting the operations and enhancements of the Integrated Coastal and Ocean Observation System.

Committee Specifications

It modifies the oversight structure by replacing the "National Ocean Research Leadership Council" with the "Ocean Policy Committee," signaling a restructuring of how ocean research and management will be coordinated at a national level.

Enhanced Purpose Statements

The bill includes updates to the purpose statements of the Integrated Coastal and Ocean Observation System, emphasizing the importance of gathering and utilizing ocean data to respond to varying environmental and societal needs.

Relevance of Collaborations

The bill aims to develop more robust collaboration requirements among various agencies involved in coastal and ocean observation. This is expected to ensure that the projects align with local and regional priorities, thereby improving the overall effectiveness of ocean data utilization.

Conclusion

In summary, this bill seeks to modernize and fund the Integrated Coastal and Ocean Observation System by updating terminology, enhancing operational capabilities, and ensuring better collaboration and data sharing among involved entities.

Relevant Companies

• HRB - H&R Block may be indirectly impacted if new coastal data influences tax policies related to land and property values along coastal areas.
• DFS - Discover Financial Services could be influenced as communities adapt to changes in regulations and insurance needs due to coastal observations.