Conservation and Reinvestment Act

Conservation and Reinvestment Act - Establishes in the Treasury the Conservation and Reinvestment Act Fund (CRAF) for deposit of certain Outer Continental Shelf lease revenues, undisbursed amounts from allocations to coastal States for impact assistance and coastal conservation under this Act, and certain interest earned on CRAF investments.

Amends the Land and Water Conservation Fund Act of 1965, the Pittman-Robertson Wildlife Restoration Act, the Urban Park and Recreation Recovery Act of 1978, the National Historic Preservation Act, and the National Maritime Heritage Act of 1994 to require transfer of specified amounts from the CRAF for programs under such Acts, including: (1) impact assistance and coastal conservation; (2) Endangered and Threatened Species Recovery Agreements; (3) payments in lieu of taxes and refuge revenue sharing; (4) Federal and Indian land restoration; (5) the Land and Water Conservation Fund; and (6) the Wildlife Restoration Fund.

Expresses the intent of Congress: (1) that amounts made available under this Act are to supplement, and not to detract from, annual appropriations for the National Park Service; and (2) that States not use this Act as an opportunity to reduce State or local resources for the programs funded by this Act.

Provides that funds shall not be transferred under this Act if such expenditure diminishes certain Social Security and Medicare benefit obligations.