H.R. 5914 increases federal funding for historic preservation by doubling the annual deposit into the Historic Preservation Fund from $150 million to $300 million, beginning in fiscal year 2026. The bill guarantees that State Historic Preservation Offices receive at least 40 percent of the fund annually, while Tribal Historic Preservation Offices receive at least 20 percent, with adjustments made if the number of tribal offices increases. Money deposited into the fund becomes available for spending in the following fiscal year without requiring additional congressional approval, streamlining the funding process. The legislation also specifically authorizes funding for several preservation programs focused on underrepresented communities, including African American Civil Rights Movement initiatives, Equal Rights Grants, and survey grants for underrepresented communities. If revenues fall short of the $300 million target, the difference will be covered from the general Treasury fund, ensuring consistent preservation funding going forward.