SECTION 1. WATERFRONT BROWNFIELDS GRANT.

    Section 104(k) of the Comprehensive Environmental Response, 
Compensation, and Liability Act of 1980 (42 U.S.C. 9604(k)) is 
amended--
            (1) by redesignating paragraphs (4) through (12) as 
        paragraphs (5) through (13);
            (2) in paragraph (3) by striking ``paragraphs (4) and (5)'' 
        and inserting ``paragraphs (5) and (6)'';
            (3) by inserting after paragraph (3) the following:
            ``(4) Grants for waterfront brownfields revitalization.--
                    ``(A) In general.--Subject to paragraphs (5) and 
                (6), the President shall establish a program to provide 
                grants to eligible entities or nonprofit organizations 
                to be used at one or more waterfront brownfield sites.
                    ``(B) Use of funds.--Such grants may be used for 
                reuse planning, site characterization and assessment, 
                or remediation at waterfront brownfields sites, 
                including the integration of activities related to the 
                design and implementation of water quality 
                improvements, low impact development approaches, green 
                infrastructure, remediation and management of 
                sediments, or flood damage prevention associated with 
                brownfields remediation and reuse.
                    ``(C) Definition.--For purposes of this section, 
                the term `waterfront brownfield site' means a 
                brownfield site any part of which is adjacent to a body 
                of water.'';
            (4) in paragraph (5)(A) (as redesignated by paragraph (1) 
        of this section) by inserting after clause (ii) the following:
                            ``(iii) Waterfront brownfields 
                        revitalization.--A grant made to an eligible 
                        entity or nonprofit organization under 
                        paragraph (4) may not exceed $500,000''; and
            (5) in paragraph (7)(A) (as redesignated by paragraph (1) 
        of this section) by inserting ``waterfront brownfields 
        revitalization'' after ``community involvement''; and
            (6) by striking paragraph (13) (as redesignated by 
        paragraph (1) of this section) and inserting the following:
            ``(13) Funding.--
                    ``(A) Authorization of appropriations.--There is 
                authorized to be appropriated to carry out this 
                subsection $220,000,000 for each of fiscal years 2008 
                through 2012.
                    ``(B) Use of certain funds.--Of the amount made 
                available under subparagraph (A) $55,000,000, or, if 
                the amount made available is less than $220,000,000, 25 
                percent of the amount made available, shall be used for 
                site characterization, assessment, and remediation of 
                facilities described in section 101(39)(D)(ii)(II); and
                    ``(C) Waterfront brownfields revitalization.--There 
                are authorized to be appropriated such sums as may be 
                necessary for waterfront brownfields revitalization 
                grants under paragraph (4).''.

SEC. 2. TASK FORCE.

    (a) Establishment.--The Administrator of the Environmental 
Protection Agency shall establish and serve as chairperson of a task 
force on waterfront brownfields revitalization.
    (b) Membership.--Members of the task force shall include 
representatives who have expertise in waterfronts or brownfields 
revitalization, including representatives from the following:
            (1) The Environmental Protection Agency.
            (2) The National Oceanographic and Atmospheric 
        Administration.
            (3) The Army Corps of Engineers.
            (4) The Department of Transportation.
            (5) The Department of Housing and Urban Development.
            (6) The Economic Development Administration.
            (7) The Fish and Wildlife Service.
            (8) State and Local governments.
            (9) Community-based organizations and other interested 
        parties.
            (10) Any additional members the Administrator chooses to 
        include.
    (c) Duties.--The task force shall identify--
            (1) current and potential funding and technical assistance 
        resources for waterfront brownfields revitalization;
            (2) barriers to and solutions for waterfront brownfields 
        revitalization; and
            (3) methods to coordinate interagency efforts for 
        waterfront brownfields revitalization.
    (d) Report.--Not later than 3 years after the date of enactment of 
this Act, the Administrator of the Environmental Protection Agency 
shall submit a report detailing the findings of the task force in 
improving waterfront brownfields revitalization to the appropriate 
committees of Congress.
Amends the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 to require the President to establish a grant program for the revitalization of waterfront brownfield sites. Authorizes such grants to be used for reuse planning, site characterization and assessment, or remediation at waterfront brownfields sites, including the integration of activities related to the design and implementation of water quality improvements, low impact development approaches, green infrastructure, remediation and management of sediments, or flood damage prevention associated with brownfields remediation and reuse.

Authorizes the Administrator of the Environmental Protection Agency (EPA) to provide training, research, and technical assistance to individuals and organizations to facilitate waterfront brownfields revitalization.

Authorizes funding for brownfields revitalization for FY2008-FY2012.

Requires the Administrator to establish and serve as chairperson of a task force on waterfront brownfields revitalization that shall identify: (1) funding and technical assistance resources; (2) barriers to and solutions for revitalization; and (3) methods to coordinate interagency efforts.
To provide grants for the revitalization of waterfront brownfields.