This bill increases funding for historic preservation efforts across the United States by doubling the annual deposit into the Historic Preservation Fund from $150 million to $300 million starting in fiscal year 2025. The legislation ensures that at least 40 percent of these funds go to State Historic Preservation Offices and at least 20 percent go to Tribal Historic Preservation Offices, with automatic adjustments if the number of tribal offices increases. The bill makes the money available without requiring separate annual appropriations, and if normal revenue sources fall short, the Treasury's general fund will cover the difference. The funds will support several preservation programs including efforts focused on African American civil rights history, equal rights, underrepresented communities, and historic revitalization grants. The President must submit budget proposals for how these funds will be allocated and provide Congress with annual reports on the final distribution.
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