Cassidy lauds RESTORE Act funding

Rep. Bill Cassidy (R-La.) lauded appropriators in the House Representatives on Tuesday for preventing a proposed $10.2-million cut in funding to the Golf Coast Restoration Fund in the federal spending bill.

As proposed, the spending bill would allocate $7.4 million to the Treasury Department to fund provisions of the Resources and Ecosystems Sustainability, Tourist Opportunities and Revived Economies of the Gulf Coast Act.

The remainder of the $10.2 million would be directed to the Treasury Office of Inspector General.

“The proposed Senate Appropriations Committee cuts to the Gulf Coast Restoration Trust Fund undermined the RESTORE Act and threatened to harm Louisiana families and small businesses,” Cassidy said. “…I am pleased that the final omnibus spending bill embraces our position and prevents these cuts to Louisiana’s coastal restoration efforts.”

The RESTORE Act of 2012 established the Gulf Coast Restoration Fund in the wake of the Deepwater Horizon oil spill in the Gulf of Mexico. Under the measure, 80 percent of penalties levied through the Federal Water Pollution Control Act in connection with the oil spill are deposited into the fund for investments in the region.

Cassidy and Rep. Steve Scalise (R-La.) lobbied legislators to restore the $10.2 million in funding in August.