Under the Council-Selected Restoration Component, commonly referred to as "Bucket 2", the RESTORE Council has awarded grants and interagency agreements in each of the Gulf Coast states of Alabama, Florida, Louisiana, Mississippi and Texas, as well as Gulf-wide projects and programs, which are those projects or programs in two or more of these states.

Annual Reports to Congress summarize the Council’s fiscal year activities (October 1st - September 30th of the respective year), including but not limited to accomplishments related to funding approvals to date for both the Council-Selected Restoration Component (commonly referred to as “Bucket 2”) and the Spill Impact Component (commonly referred to as “Bucket 3”).

On October 4, 2023, the RESTORE Council voted to approve the 2024 Update to the Comprehensive Plan Commitment and Planning Support (2024 CPS FPL) an update 2017 CPS FPL, after a 30-day public comment period. This action adds $350,000/yr per member for 5 years in additional funding, or a total of $1.75M per member. This action also updated the reporting schedule from semi-annual to annual.

The RESTORE Council is using funds from the settlement with Transocean Deepwater Inc. to not only provide near-term, on-the-ground ecosystem benefits, but also to conduct planning activities designed to build a foundation for future success in the Gulf Coast states of Alabama, Florida, Louisiana, Mississippi and Texas.