August 4, 2025 — U.S. legislators want to create a new tax credit to incentivize investments that minimize the impact of natural disasters on working waterfronts.
“Let’s empower coastal businesses to invest in flood and disaster prevention before a storm hits,” U.S. Senator Bill Cassidy (R-Louisiana) said in a statement. “Doing so protects our way of life, fishing and coastal industries, and the livelihoods of Louisiana families.”