National Endowment for the Oceans Act - Establishes in the Treasury the National Endowment for the Oceans which shall fund grants (in conjunction with state matching grants) for programs to restore, maintain, or understand living marine resources and their habitats, and ocean, coastal, and Great Lakes resources, including baseline scientific research, ocean observing, and other programs in coordination with federal and state departments or agencies. Authorizes the Secretary of Commerce to make grants for such purposes.
States that programs funded in Great Lakes states shall also seek to attain the goals embodied in the Great Lakes Restoration Initiative Plan, the Great Lakes Regional Collaboration Strategy, the Great Lakes Water Quality Agreement, or other collaborative planning efforts of the Great Lakes Region.
Directs the Secretary to make grants to: (1) coastal states or affected Indian tribes; and (2) regional planning bodies to create and implement regional strategic plans.
Directs the Secretary to establish a National Endowment for the Oceans Council.