(1) There is established for the Coast Guard an account known as the Coast Guard Environmental Compliance and Restoration Account. All sums appropriated to carry out the Coast Guard's environmental compliance and restoration functions under this section or another law shall be credited or transferred to the account and remain available until expended. (2) Funds may be obligated or expended from the account to carry out the Coast Guard's environmental compliance and restoration functions under this section or another law. (3) In proposing the budget for any fiscal year under section 1105 of title 31, the President shall set forth separately the amount requested for the Coast Guard's environmental compliance and restoration activities under this section or another law. (4) Amounts recovered under section 107 of the Comprehensive Environmental Response, Compensation, and Liability Act ( 42 U.S.C. 9607 ) for the Secretary's response actions at current and former Coast Guard facilities shall be credited to the account. (d) Annual list of projects to Congress The Commandant of the Coast Guard shall submit to the Committee on Transportation and Infrastructure of the House of Representatives and the Committee on Commerce, Science, and Transportation of the Senate a prioritized list of projects eligible for environmental compliance and restoration funding for each fiscal year concurrent with the President's budget submission for that fiscal year. . (2) Conforming repeals Sections 634, 690, 691, 692, and 693 of title 14, United States Code, are repealed. 105. Chapter 5 (a) Initial matter Chapter 5 of title 14, United States Code, is amended by striking the chapter designation, the chapter heading, and the table of sections at the beginning and inserting the following: 5 Functions and Powers Subchapter I—General Powers Sec. 501. Secretary