Small Project Efficient and Effective Disaster Recovery Act

Small Project Efficient and Effective Disaster Recovery Act or the SPEED Recovery Act

This act increases to $1 million the threshold for eligibility for assistance for what qualifies as a small project under the Robert T. Stafford Disaster Relief and Emergency Assistance Act, thereby allowing more recovery projects to proceed under simplified procedures.

The threshold must be reviewed every three years.

The Inspector General of the Department of Homeland Security must conduct an audit, and report to Congress, on whether there has been waste and abuse as a result of the change in the threshold.

Bill 117 HR 5641, also known as the Small Project Efficient and Effective Disaster Recovery Act, aims to streamline and improve the process for small disaster recovery projects in the United States. The bill focuses on making it easier for communities to access federal funding for projects that are necessary for recovery after a disaster.

One key aspect of the bill is the establishment of a simplified application process for small projects, which will help expedite the approval and funding process. This will allow communities to quickly begin recovery efforts without being bogged down by bureaucratic red tape.

Additionally, the bill includes provisions for increased transparency and accountability in the use of federal funds for disaster recovery projects. This will help ensure that funds are being used efficiently and effectively to help communities rebuild and recover after a disaster. Overall, Bill 117 HR 5641 aims to make the process of accessing federal funding for small disaster recovery projects more efficient and effective. By streamlining the application process and increasing transparency and accountability, the bill seeks to help communities recover more quickly and effectively after a disaster.