National Resilience and Recovery Fund Act

Referred to the Committee on Ways and Means, and in addition to the Committees on Transportation and Infrastructure, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Bill 118 hr 10314, also known as the National Resilience and Recovery Fund Act, aims to make changes to the Internal Revenue Code of 1986 in order to create a National Resilience and Recovery Fund. This fund would be used to help communities across the United States prepare for and recover from natural disasters, economic downturns, and other emergencies.

The bill outlines the purposes of the fund, which include providing financial assistance to states, local governments, and non-profit organizations for disaster preparedness and recovery efforts. It also aims to support small businesses and individuals who have been affected by disasters or economic crises.

Additionally, the bill includes provisions for oversight and accountability to ensure that the funds are used effectively and efficiently. It also establishes reporting requirements to track the impact of the fund and ensure transparency in its operations. Overall, the National Resilience and Recovery Fund Act seeks to provide support and resources to help communities across the country build resilience and recover from unexpected challenges.