This report compares existing law with H.R. 701, as passed by the House(HP) and H.R. 701, as reported by the Senate Energy and Natural Resources Committee (SCR). Both versions, also known as the Conservation and Reinvestment Act (CARA), would have created a new fund, the CARA Fund. Both bills would have created and funded a new coastal energy impact assistance program, amended and funded the Land and Water Conservation Fund (LWCF), funded the Urban Park and Recreation Recovery Program and the Historic Preservation Fund, increased funding for wildlife conservation, funded land restoration and easement programs, and funded the Payment in Lieu of Taxes (PILT) Program.1 The SCR version would also have funded additional programs to protect natural and cultural resources.